REGISTERED NUMBER: 09291289 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

J & J DRAKE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Drake

L C Gifford

REGISTERED OFFICE:

115c Milton Road

Cambridge

CB4 1XE

REGISTERED NUMBER:

09291289 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Chartered Accountants

115c Milton Road

Cambridge

CB4 1XE

FIXED ASSETS

Intangible assets

4

7,530

7,530

Tangible assets

5

771,121

619,183

Investments

6

200

200

Investment property

7

290,741

290,741

1,069,592

917,654

CURRENT ASSETS

Debtors

8

155,433

314,124

Cash at bank

517,745

43,407

673,178

357,531

CREDITORS

Amounts falling due within one year

9

473,441

125,687

NET CURRENT ASSETS

199,737

231,844

TOTAL ASSETS LESS CURRENT LIABILITIES

1,269,329

1,149,498

CREDITORS

Amounts falling due after more than one year

10

(22,418

)

(34,479

)

PROVISIONS FOR LIABILITIES

(53,291

)

(60,706

)

NET ASSETS

1,193,620

1,054,313

CAPITAL AND RESERVES

Called up share capital

180

180

Retained earnings

1,193,440

1,054,133

SHAREHOLDERS' FUNDS

1,193,620

1,054,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

S Drake - Director

1.	STATUTORY INFORMATION

J & J Drake Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Registration plates are not being amortised as they will not decrease in value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

7,530

NET BOOK VALUE

At 31 March 2025

7,530

At 31 March 2024

7,530

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

369,377

84,612

524,396

9,851

988,236

Additions

188,578

34,861

40,980

475

264,894

Disposals

-

(8,750

)

-

-

(8,750

)

At 31 March 2025

557,955

110,723

565,376

10,326

1,244,380

DEPRECIATION

At 1 April 2024

-

43,612

316,056

9,385

369,053

Charge for year

-

20,447

85,830

299

106,576

Eliminated on disposal

-

(2,370

)

-

-

(2,370

)

At 31 March 2025

-

61,689

401,886

9,684

473,259

NET BOOK VALUE

At 31 March 2025

557,955

49,034

163,490

642

771,121

At 31 March 2024

369,377

41,000

208,340

466

619,183

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

200

NET BOOK VALUE

At 31 March 2025

200

At 31 March 2024

200

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

290,741

NET BOOK VALUE

At 31 March 2025

290,741

At 31 March 2024

290,741

Investment property is held at fair value. The directors have reviewed this at the year end and consider the initial purchase price, stamp duty, legal fees and development costs incurred to date represent the fair value of the property as at 31st March 2025.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,723

60,966

Amounts owed by group undertakings

69,072

252,104

Other debtors

36,638

1,054

155,433

314,124

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

28,862

38,121

Trade creditors

19,570

3,519

Amounts owed to group undertakings

327,138

-

Taxation and social security

92,419

80,255

Other creditors

5,452

3,792

473,441

125,687

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

22,418

34,479

11.	ULTIMATE CONTROLLING PARTY