DRAGON_PROPERTY_DESIGNS_L - Accounts

DRAGON PROPERTY DESIGNS LIMITED - Company Information

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Company Registration No. 05633812 (England and Wales)

DRAGON PROPERTY DESIGNS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

DRAGON PROPERTY DESIGNS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

DRAGON PROPERTY DESIGNS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

1,502,202

1,333,004

Current assets

Stocks

220,444

196,116

Debtors

432

826

Cash at bank and in hand

1,361

8,973

222,237

205,915

Creditors: amounts falling due within one year

(73,353)

(48,013)

Net current assets

148,884

157,902

Total assets less current liabilities

1,651,086

1,490,906

Creditors: amounts falling due after more than one year

(1,017,883)

(1,024,215)

633,203

466,691

Capital and reserves

Called up share capital

100

Revaluation reserve

628,690

459,025

Profit and loss account

4,413

7,566

Shareholders' funds

633,203

466,691

DRAGON PROPERTY DESIGNS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 NOVEMBER 2013

- 2 -

For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 June 2014

Mr Craig Thomas

Director

Company Registration No. 05633812

DRAGON PROPERTY DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixed assets

Tangible assets

Cost or valuation

At 1 December 2012

1,337,221

Additions

270

Revaluation

169,665

At 30 November 2013

1,507,156

Depreciation

At 1 December 2012

4,217

Charge for the year

737

At 30 November 2013

4,954

Net book value

At 30 November 2013

1,502,202

At 30 November 2012

1,333,004

DRAGON PROPERTY DESIGNS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2013

- 4 -

Creditors: amounts falling due after more than one year

Total amounts repayable by instalments which are due in more than five years

(1,017,883)

(1,024,215)

The aggregate amount of creditors for which security has been given amounted to £423,418 (2012 - £433,917).

The outstanding mortgages are secured over the properties to which they relate.

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary of £1 each

100