Drakelow Developments Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02552686 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 November 2013 to 30 September 2014

for

Drakelow Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Bullivant

Mrs E A Bullivant

C Chatfield

SECRETARY:

Ms V E Farren

REGISTERED OFFICE:

Walton Road

Drakelow

Burton on Trent

Staffordshire

DE15 9UA

REGISTERED NUMBER:

02552686 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Tangible assets

2

5,293,957

5,133,289

CURRENT ASSETS

Debtors

496,804

600,231

Cash at bank

77,277

72,378

574,081

672,609

CREDITORS

Amounts falling due within one year

2,258,836

1,309,536

NET CURRENT LIABILITIES

(1,684,755

)

(636,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,609,202

4,496,362

CREDITORS

Amounts falling due after more than one year

2,585,363

3,382,279

NET ASSETS

1,023,839

1,114,083

CAPITAL AND RESERVES

Called up share capital

3

95

95

Share premium

90

90

Capital redemption reserve

5

5

Profit and loss account

1,023,649

1,113,893

SHAREHOLDERS' FUNDS

1,023,839

1,114,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 March 2015 and were signed on its behalf by:

C Chatfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced rents excluding value added tax.

Tangible fixed assets

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

Freehold property

-

not provided

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

5,137,505

Additions

164,368

At 30 September 2014

5,301,873

DEPRECIATION

At 1 November 2013

4,216

Charge for period

3,700

At 30 September 2014

7,916

NET BOOK VALUE

At 30 September 2014

5,293,957

At 31 October 2013

5,133,289

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

95

Ordinary

£1

95

95