Drake Properties And Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 15232742 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

DRAKE PROPERTIES AND DEVELOPMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

O T Drake

REGISTERED OFFICE:

115c Milton Road

Cambridge

CB4 1XE

REGISTERED NUMBER:

15232742 (England and Wales)

ACCOUNTANTS:

Prentis & Co LLP

Accountants and Business Advisers

115c Milton Road

Cambridge

CB4 1XE

CURRENT ASSETS

Debtors

4

52,127

71,501

Cash at bank

88,860

3,120

140,987

74,621

CREDITORS

Amounts falling due within one year

5

138,211

77,838

NET CURRENT ASSETS/(LIABILITIES)

2,776

(3,217

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,776

(3,217

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,676

(3,317

)

2,776

(3,217

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 August 2026 and were signed by:

O T Drake - Director

1.	STATUTORY INFORMATION

Drake Properties And Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 (2025 - 3 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

18,925

13,540

Amounts owed by group undertakings

31,656

56,517

Other debtors

1,546

-

VAT

-

242

Prepayments

-

1,202

52,127

71,501

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

12,251

5,314

Amounts owed to group undertakings

115,949

69,072

Tax

741

-

Social security and other taxes

-

2,600

VAT

8,420

-

Director's current account

-

2

Accruals and deferred income

850

138,211

77,838

6.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is J & J Drake Limited, a company incorporated in the United Kingdom, by virtue of its 100% ownership of the issued ordinary share capital.