REGISTERED NUMBER: 09829773 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2024

for

DragonERS Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Adrian David Summerton

Mrs Kerry-Jane Summerton

REGISTERED OFFICE:

Woodlands Grange Woodlands Lane

Bradley Stoke

Bristol

England

BS32 4JY

REGISTERED NUMBER:

09829773 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Tangible assets

4

352

469

Investments

5

100

100

Investment property

6

550,000

545,000

550,452

545,569

CURRENT ASSETS

Debtors

7

996

1,017

Cash at bank

55,233

42,675

56,229

43,692

CREDITORS

Amounts falling due within one year

8

332,992

320,012

NET CURRENT LIABILITIES

(276,763

)

(276,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,689

269,249

CREDITORS

Amounts falling due after more than one year

9

(71,710

)

(77,531

)

PROVISIONS FOR LIABILITIES

(30,508

)

(29,581

)

NET ASSETS

171,471

162,137

CAPITAL AND RESERVES

Called up share capital

11

200

200

Revaluation reserve

12

129,777

125,727

Retained earnings

12

41,494

36,210

SHAREHOLDERS' FUNDS

171,471

162,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd September 2025 and were signed on its behalf by:

Mr Adrian David Summerton - Director

1.	STATUTORY INFORMATION

DragonERS 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured as rent received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1st January 2024

and 31st December 2024

638

DEPRECIATION

At 1st January 2024

169

Charge for year

117

At 31st December 2024

286

NET BOOK VALUE

At 31st December 2024

352

At 31st December 2023

469

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st January 2024

and 31st December 2024

100

NET BOOK VALUE

At 31st December 2024

100

At 31st December 2023

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

545,000

Revaluations

5,000

At 31st December 2024

550,000

NET BOOK VALUE

At 31st December 2024

550,000

At 31st December 2023

545,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2017

40,214

Valuation in 2019

30,005

Valuation in 2020

30,001

Valuation in 2021

30,000

Valuation in 2023

25,000

Valuation in 2024

5,000

Cost

389,780

550,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

389,781

389,781

Investment property was valued on an open market basis on 31st December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Tax

776

776

Prepayments

220

241

996

1,017

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Amounts owed to group undertakings

31,550

31,550

Tax

709

-

Other creditors

50

-

Directors' current accounts

299,783

287,571

Accrued expenses

900

891

332,992

320,012

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans more 5 yrs non-inst

71,710

77,531

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

71,710

77,531

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

71,710

77,531

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

200

Ordinary

£1

200

200

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1st January 2024

36,210

125,727

161,937

Profit for the year

40,269

40,269

Dividends

(30,935

)

(30,935

)

Assets revalued in period

(4,050

)

4,050

-

At 31st December 2024

41,494

129,777

171,271