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Company No: 13903550 (England and Wales)

# DRAGON ARMOURY CREATIVE

### Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

DRAGON ARMOURY CREATIVE

## Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

DRAGON ARMOURY CREATIVE

## COMPANY INFORMATION

For the financial year ended 28 February 2025
DRAGON ARMOURY CREATIVE

## COMPANY INFORMATION (continued)

For the financial year ended 28 February 2025

Director | F M Notte

Registered office | 2nd Floor 168 Shoreditch High Street
| London
| E1 6RA
| United Kingdom

Company number | 13903550 (England and Wales)

Accountant | Kreston Reeves LLP
| 2nd Floor
| 168 Shoreditch High Street
| London
| E1 6RA

DRAGON ARMOURY CREATIVE

## BALANCE SHEET

As at 28 February 2025
DRAGON ARMOURY CREATIVE

## BALANCE SHEET (continued)

As at 28 February 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 890,774 |  | 890,774
|  | 890,774 |  | 890,774
Current assets |  |  |  |
Debtors | 4 | 2,500 |  | 5,000
Cash at bank and in hand | 5 | 6,600 |  | 13,034
|  | 9,100 |  | 18,034
Creditors: amounts falling due within one year | 6 | ( 397,651) |  | ( 409,050)
Net current liabilities |  | (388,551) |  | (391,016)
Total assets less current liabilities |  | 502,223 |  | 499,758
Creditors: amounts falling due after more than one year | 7 | ( 488,408) |  | ( 498,451)
Net assets |  | 13,815 |  | 1,307
Capital and reserves |  |  |  |
Called-up share capital | 8 | 1 |  | 1
Profit and loss account |  | 13,814 |  | 1,306
Total shareholder's funds |  | 13,815 |  | 1,307

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Dragon Armoury Creative (registered number: 13903550) were approved and authorised for issue by the Director on 31 October 2025. They were signed on its behalf by:

F M Notte Director |

DRAGON ARMOURY CREATIVE

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
DRAGON ARMOURY CREATIVE

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Dragon Armoury Creative (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor 168 Shoreditch High Street, London, E1 6RA, United Kingdom. The principal activity of the company is that of property investment.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 March 2024 | 890,774
As at 28 February 2025 | 890,774

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 2,500 |  | 5,000

#### 5. Cash and cash equivalents

| 2025 |  | 2024
| £ |  | £
Cash at bank and in hand | 6,600 |  | 13,034

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,046 |  | 9,415
Amounts owed to related parties | 374,850 |  | 385,509
Taxation and social security | 2,934 |  | 306
Other creditors | 9,821 |  | 13,820
| 397,651 |  | 409,050

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 488,408 |  | 498,451

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1 Ordinary share of £ 1.00 | 1 |  | 1

#### 9. Related party transactions

During the year the company received a loan from FMN Limited of £10,341 (2024: £4,800), a company controlled by F M Notte, the director and shareholder of the company. At the balance sheet date the amount outstanding was £374,850 (2024: £385,509). During the year the company received rental income of £42,000 (2024: £33,600) from FMN Limited. In addition, the company received rental income of £18,000 (2024: £18,000) from F M Notte in the current year. During the year, the company had a loan account with its director, at the year end the company owed the director £6,520 (2024: £10,520).