REGISTERED NUMBER: 11090940 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Dropjaw Ventures Group Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

R E Shelton

P Shelton

Registered office:

3 Cheshires Way

Saighton

Chester

CH3 6BB

Registered number:

11090940 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

6,749

8,074

Investments

5

45,815

45,815

52,564

53,889

Current assets

Debtors

6

72,253

83,406

Cash at bank

3,896

5,391

76,149

88,797

Creditors

Amounts falling due within one year

7

119,541

121,293

Net current liabilities

(43,392

)

(32,496

)

Total assets less current liabilities

9,172

21,393

Creditors

Amounts falling due after more than one year

8

(4,380

)

(15,034

)

Provisions for liabilities

9

(1,282

)

-

Net assets

3,510

6,359

Capital and reserves

Called up share capital

100

100

Retained earnings

3,410

6,259

3,510

6,359

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2025 and were signed on its behalf by:

R E Shelton - Director

1.	Statutory information

Dropjaw Ventures Group Ltd 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.

Turnover

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

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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

-

15% reducing balance

Computer equipment

-

33% reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments in participating interests

Investments in participating interests are recognised at cost.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

14,309

3,617

17,926

Depreciation

At 1 January 2024

6,861

2,991

9,852

Charge for year

1,118

207

1,325

At 31 December 2024

7,979

3,198

11,177

Net book value

At 31 December 2024

6,330

419

6,749

At 31 December 2023

7,448

626

8,074

5.	Fixed asset investments

Interest

in other

participating

Other

interests

investments

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

15

45,800

45,815

Net book value

At 31 December 2024

15

45,800

45,815

At 31 December 2023

15

45,800

45,815

6.

Debtors: amounts falling due within one year

31/12/24

31/12/23

£

£

Trade debtors

1,453

22,606

Other debtors

70,800

60,800

72,253

83,406

7.

Creditors: amounts falling due within one year

31/12/24

31/12/23

£

£

Bank loans and overdrafts

10,404

9,897

Trade creditors

4

4,307

Taxation and social security

43,535

35,998

Other creditors

65,598

71,091

119,541

121,293

8.

Creditors: amounts falling due after more than one year

31/12/24

31/12/23

£

£

Bank loans

4,380

15,034

9.	Provisions for liabilities

31/12/24

31/12/23

£

£

Deferred tax

1,282

-

Deferred

tax

£

Provided during year

1,282

Balance at 31 December 2024

1,282

10.	Related party disclosures

The directors have made loans to the company. The balance on these loans at 31 December 2024 was £62,026 (2023: £67,099). These loans are interest-free and repayable on demand.