Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Current assets | ||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| 10,704 | 14,287 | |||
| Creditors: amounts falling due within one year | 4 | (
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| Net current liabilities | (118,022) | (23,810) | ||
| Total assets less current liabilities | (118,022) | (23,810) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 5 |
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| Profit and loss account | (
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| Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Driver Property Limited (registered number:
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Mr J E S Driver
Director |
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.
Driver Property Limited (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 Fleming Court, Leigh Road, Eastleigh, SO50 9PD, United Kingdom.
The financial statements have been prepared under the historical cost convention.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company relies upon the support of the directors who have made loans to the company that are repayable on demand.
Due to this ongoing support, the directors believe that it is appropriate to prepare the financial statements on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| £ | £ | ||
| Other debtors |
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| £ | £ | ||
| Other creditors |
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| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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| 1.00 | 1.00 |
Other financial commitments
| 2025 | 2024 | ||
| £ | £ | ||
| Commitments in respect to operating lease commitments |
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Total future financial commitments guarantees and contingencies which are not included in the balance sheet amount to £131,083 (2024: £202,583). This amount is in relation to operating lease commitments which are payable over the next 3 years.