REGISTERED NUMBER: 04092994 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

DRAGWOOD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr T Crump

Mrs M Crump

Miss Y Crump

Mr N Crump

Secretary:

Mrs Y Crump

Registered office:

5 Haydens Place

London

W11 1LY

Registered number:

04092994 (England and Wales)

Accountants:

Rock Tax & Accounting

Chartered Accountants and Statutory Auditors

Elm House, Tanshire Park

Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB

Fixed assets

Tangible assets

4

-

-

Investments

5

215,017

133,375

Investment property

6

1,275,000

1,405,000

1,490,017

1,538,375

Current assets

Debtors

7

-

188

Cash at bank

56,896

153,142

56,896

153,330

Creditors

Amounts falling due within one year

8

12,073

13,892

Net current assets

44,823

139,438

Total assets less current liabilities

1,534,840

1,677,813

Creditors

Amounts falling due after more than one year

9

62,121

106,121

Provisions for liabilities

10

108,389

208,539

Capital and reserves

Called up share capital

11

8

8

Revaluation reserve

12

653,878

683,728

Retained earnings

12

710,444

679,417

Shareholders' funds

1,364,330

1,363,153

1,534,840

1,677,813

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2026 and were signed on its behalf by:

Mr N Crump - Director

1.	Statutory information

Dragwood Limited 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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Investment property

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with FRS 102 Section 1A, as follows:

No depreciation is provided in respect of the investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original costs, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider the systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash balances, are measured at transaction price including transaction costs.

Basic financial liabilities, including creditors are recognised at transaction price.

Taxation

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Fixed asset investments

Investments are stated at market value using the bid price at the balance sheet date. The profit and loss account includes the net gains and losses arising on revaluations at the year ended date. All disposals of investments are recognised at their bid price at the date of disposal.

3.	Employees and directors

The average number of employees during the year was 4 (2025 - 1 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2025

and 31 March 2026

5,211

Depreciation

At 1 April 2025

and 31 March 2026

5,211

Net book value

At 31 March 2026

-

5.	Fixed asset investments

Other

investments

£

Cost or valuation

At 1 April 2025

133,375

Additions

215,017

Disposals

(133,375

)

At 31 March 2026

215,017

Net book value

At 31 March 2026

215,017

At 31 March 2025

133,375

Investments held correspond to a portfolio of investments arranged by Flagstone.

6.	Investment property

Total

£

Fair value

At 1 April 2025

1,405,000

Revaluations

(130,000

)

At 31 March 2026

1,275,000

Net book value

At 31 March 2026

1,275,000

At 31 March 2025

1,405,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2011

125,000

Valuation in 2014

100,000

Valuation in 2015

400,000

Valuation in 2016

329,396

Valuation in 2017

221,667

Valuation in 2018

(52,796

)

Valuation in 2019

(172,796

)

Valuation in 2025

(250,000

)

Valuation in 2026

(130,000

)

Cost

704,529

1,275,000

The directors have considered the market conditions at the company's year end and have decided that there has been a re-valuation..

7.

Debtors: amounts falling due within one year

31.3.26

31.3.25

£

£

Other debtors

-

188

8.

Creditors: amounts falling due within one year

31.3.26

31.3.25

£

£

Tax

7,747

9,860

Accruals and deferred income

4,326

4,032

12,073

13,892

9.

Creditors: amounts falling due after more than one year

31.3.26

31.3.25

£

£

Other creditors

62,121

106,121

10.	Provisions for liabilities

31.3.26

31.3.25

£

£

Deferred tax

108,389

208,539

Deferred tax

£

Balance at 1 April 2025

208,539

Unused amounts reversed during year

(100,150

)

Balance at 31 March 2026

108,389

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

2

Ordinary

£1

2

2

6

Ordinary A, B and C (2 issued

of each class)

£1

6

6

8

8

12.

Reserves

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2025

679,417

683,728

1,363,145

Profit for the year

33,027

-

33,027

Dividends

(2,000

)

-

(2,000

)

Revaluation in year

-

(29,850

)

(29,850

)

At 31 March 2026

710,444

653,878

1,364,322

13.	Directors' advances, credits and guarantees

Mrs M Crump

During the current year and in previous years loans have been made to the company by Mrs M Crump and Mr N Crump (a shareholder), the balances of which are shown within note 9. The total balance at the year end was £55,621 (2025: £93,621). It was unsecured and interest free.

Mr T Crump

The company owed Mr Crump £2,250 (2025: £1750), on which no interest is payable.

Miss Y Crump

The company owes Miss Crump £4,250 (2025: £10,750), on which no interest is payable.

14.	Ultimate controlling party

The company is controlled by the directors who own 100% of the called up share capital.