| Drayton Management Limited |
| Registered number: |
04316387 |
| Directors' Report |
|
| The directors present their report and accounts for the year ended 31 December 2013. |
|
| Principal activities |
| The company's principal activity during the year continued to be the provision of administrative services and consultancy services. |
|
| Directors |
| The following persons served as directors during the year: |
|
|
Mario Nunzio Rao |
|
Andrew James Gilfillan (Resigned 1 August 2014) |
|
Benjamin Bateson (Appointed 1 August 2014) |
|
Juan Manuel Cid |
|
Panfry Limited (Appointed 25 September 2013) |
|
Jacques Trachsel |
|
| Small company provisions |
| This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
| This report was approved by the board on 15 August 2014 and signed on its behalf. |
|
|
|
|
|
| Benjamin Bateson |
| Director |
|
| Drayton Management Limited |
| Balance Sheet |
| as at 31 December 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Current assets |
| Debtors |
5 |
|
145 |
|
|
- |
|
| Creditors: amounts falling due within one year |
6 |
|
(18,355) |
|
|
(11,743) |
|
| Net current liabilities |
|
|
|
(18,210) |
|
|
(11,743) |
|
| Net liabilities |
|
|
|
(18,210) |
|
|
(11,743) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
8 |
|
|
(19,210) |
|
|
(12,743) |
|
| Shareholders' funds |
|
|
|
(18,210) |
|
|
(11,743) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Benjamin Bateson |
| Director |
| Approved by the board on 15 August 2014 |
|
| Drayton Management Limited |
| Notes to the Accounts |
| for the year ended 31 December 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company. |
|
|
The financial statements have been prepared on the going concern basis. This is considered appropriate as the company's shareholders and creditors will continue to provide financial support to the company for the foreseeable future. Should the company be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any future liabilities which might arise. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Pounds sterling at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Operating loss |
2013 |
|
2012 |
| £ |
£ |
|
This is stated after charging: |
|
Accountancy |
1,692 |
|
2,060 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Interest payable and similar charges |
2013 |
|
2012 |
| £ |
£ |
|
|
Loss on foreign exchange |
4,968 |
|
6,624 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
2013 |
|
2012 |
| £ |
£ |
|
|
UK corporation tax |
(1,613) |
|
112 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2013 |
|
2012 |
| £ |
£ |
|
|
Other debtors |
145 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2013 |
|
2012 |
| £ |
£ |
|
|
Trade creditors |
|
|
|
|
16,755 |
|
10,143 |
|
Other creditors |
1,600 |
|
1,600 |
|
|
|
|
|
|
18,355 |
|
11,743 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Profit and loss account |
2013 |
| £ |
|
|
At 1 January 2013 |
(12,743) |
|
Loss for the year |
(6,467) |
|
|
At 31 December 2013 |
(19,210) |
|
|
|
|
|
|
|
|
| 9 |
Dividends |
2013 |
|
2012 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
- |
|
30,000 |
|
|
|
|
|
|
|
|
|
|
|
| 10 |
Control |
|
|
The immediate parent company is Stanmoore Investments Limited, a company registered in the United Kingdom (2012 - Stanmoore Investments Limited). |
|
|
| 11 |
Ultimate controlling party and related party transactions |
|
|
The directors are aware of the identity of the ultimate controlling party. However, they are under a duty of confidentiality that prevents them from discolsing certain information otherwise required by Financial Reporting Standard 8. Therefore they have taken the exemption offered by the Standard in respect of confidentiality. |
