DRAYCOTT MANAGEMENT LIMITED


Directors	DRAYCOTT, Caroline
	DRAYCOTT, Peter John


Company Secretary	DRAYCOTT, Caroline


Registered Address	35b High Street
	Lymington
	SO41 9AF


Registered Number	04338972 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Investment property	4		1,032,168		1,032,168
			1,032,168		1,032,168
Current assets
Debtors	5	14,504		16,152
Cash at bank and on hand		12,259		6,216
		26,763		22,368
Creditors amounts falling due within one year	6	(119,404)		(113,437)
Net current assets (liabilities)			(92,641)		(91,069)
Total assets less current liabilities			939,527		941,099
Creditors amounts falling due after one year	7		(31,014)		(47,341)
Provisions for liabilities	8		(26,167)		(26,167)
Net assets			882,346		867,591
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			881,346		866,591
Shareholders' funds			882,346		867,591

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2025, and are signed on its behalf by:

DRAYCOTT, Peter John
Director
Registered Company No. 04338972

DRAYCOTT MANAGEMENT LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

Investment property

The investment property is accounted for under FRS 102, Section 16 Investment Property.  All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	2		2

3.	Tangible fixed assets

4.	Investment property
	The freehold investment property was valued on an open market basis on 31 December 2017 by the directors. The directors believe the value to be £1,032,167 at the current period end. If the investment property was stated on a historic cost basis rather than a fair value basis, the amount would have been included as follows £829,965 (2023: £829,965). There has been no valuation of investment property by an independent valuer.

Investment property

The freehold investment property was valued on an open market basis on 31 December 2017 by the directors. The directors believe the value to be £1,032,167  at the current period end.

If the investment property was stated on a historic cost basis rather than a fair value basis, the amount would have been included as follows £829,965 (2023: £829,965).

There has been no valuation of investment property by an independent valuer.


		£
	Fair value at 01 January 24	1,032,168
	At 31 December 24	1,032,168

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	12,326	12,326
Other debtors	2,161	3,809
Prepayments and accrued income	17	17
Total	14,504	16,152

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	1,488	717
Bank borrowings and overdrafts	5,474	11,480
Amounts owed to related parties	23,027	11,027
Taxation and social security	5,471	6,798
Other creditors	70,538	67,385
Accrued liabilities and deferred income	13,406	16,030
Total	119,404	113,437

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	31,014	47,341
Total	31,014	47,341

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	26,167	26,167
Total	26,167	26,167

9.	Related party transactions
	Included within other creditors is an amount of £18,026.70 (2023: £6,027) owed to Draycott Surveyors Ltd, a company under common control. Mr P Draycott is also a director of Draycott Surveyors Ltd and Mrs C Draycott is a shareholder of Draycott Surveyors Ltd. This amount is undated, unsecured and interest free. Included within other creditors is an amount of £5,000 (2023: £5,000) owed to Hallmark Securities Ltd, a company under common control. Mr P Draycott is also a director of Hallmark Securities Ltd. This amount is undated, unsecured and interest free.

Related party transactions

Included within other creditors is an amount of £18,026.70 (2023: £6,027)   owed to Draycott Surveyors Ltd, a company under common control. Mr P Draycott is also a director of Draycott Surveyors Ltd and Mrs C Draycott is a shareholder of Draycott Surveyors Ltd. This amount is undated, unsecured and interest free.

Included within other creditors is an amount of £5,000 (2023: £5,000) owed to Hallmark Securities Ltd, a company under common control. Mr P Draycott is also a director of Hallmark Securities Ltd. This amount is undated, unsecured and interest free.