Drax Enterprises Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 12154130

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		330,384		330,384
Investments	5		500		-

			330,884		330,384
CURRENT ASSETS
Debtors	6	2,640		6
Cash at bank and in hand		15,321		8,741

		17,961		8,747
Creditors: Amounts Falling Due Within One Year	7	(1,792 )		(766 )

NET CURRENT ASSETS (LIABILITIES)			16,169		7,981

TOTAL ASSETS LESS CURRENT LIABILITIES			347,053		338,365

Creditors: Amounts Falling Due After More Than One Year	8		(343,837 )		(340,772 )

NET ASSETS/(LIABILITIES)			3,216		(2,407 )

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			3,214		(2,409 )

SHAREHOLDERS' FUNDS			3,216		(2,407)

Page 1

Page 2

Drax Enterprises Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Power

Director

29 May 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Drax Enterprises Limited is a private company, limited by shares, incorporated in England & Wales.

The company registration number is 12154130 , and the registered office is 2 Saville Row, Bath, BA1 2QP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Income is derived from the rental to tenants of a residential property in the UK.

2.3. Investment Properties

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.

2.4. Taxation

Income tax expense represents the tax currently payable, and is based on taxable profit for the year.

Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 September 2024 and 31 August 2025	330,384

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 September 2024	-
Additions	500

As at 31 August 2025	500

Provision
As at 1 September 2024	-

As at 31 August 2025	-

Net Book Value
As at 31 August 2025	500

As at 1 September 2024	-

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Drax Enterprises Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	5	6
Due after more than one year
Other Debtor	2,635	-

	2,640	6

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	(386 )	(250 )
Corporation tax	754	-
Prepaid Rent	658	416
Accruals	766	600

	1,792	766

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Mortgage	205,524	205,524
Other creditors	15,750	15,750
Directors loan account	122,563	119,498

	343,837	340,772

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Controlling Party

The company is controlled jointly by Mr David Power and Mr Harald Bret as each owns 50% of the issued share capital in the company.

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