| |
|
2024 |
|
2023 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
50,000 |
|
|
50,000 |
| Current assets |
|
10,430 |
|
|
10,430 |
|
| Prepayments and accrued income |
|
0 |
|
|
157 |
|
| Creditors: amount falling due within one year |
|
73,642 |
|
|
80,105 |
|
|
Net current assets
|
|
|
84,072
|
|
|
90,692
|
|
Total assets less current liabilities
|
|
|
134,072 |
|
|
140,692 |
|
Net assets
|
|
|
134,072 |
|
|
140,692 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
134,072 |
|
|
140,692 |
| |
NOTES TO THE ACCOUNTS
General Information
Drayton Court Administration Limited is a private company, limited by shares, registered in England and Wales, registration number 02957795, registration address The Studio,16, Cavaye Place London, SW10 9PT.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Accounting for Service Charge
The company is responsible for the management of Drayton Court, Drayton Gardens, London SW10 and collects service charges from leaseholders in order to fund expenditure incurred in the management of the property. The service charge funds are held in trust for the lessees as required by the Landlord and Tenant Act 1987. Transactions relating to service charge are reported separately to the leaseholders and are excluded from the company's financial statement
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Total |
| |
£ |
|
£ |
| At 01 January 2024 |
50,000 |
|
50,000 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 31 December 2024 |
50,000 |
|
50,000 |
| Depreciation |
| At 01 January 2024 |
- |
|
- |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 31 December 2024 |
- |
|
- |
| Net book values |
| Closing balance as at 31 December 2024 |
50,000 |
|
50,000 |
| Opening balance as at 01 January 2024 |
50,000 |
|
50,000 |
|
| 3. |
Average number of employees
Average number of employees during the year was 10 (2023 : 10).
|
For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 17 September 2025 and were signed on its behalf by: --------------------------------
F Adaatia
Director |
1
|