Driving Experiences UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06619935 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

DRIVING EXPERIENCES UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Edmonds

REGISTERED OFFICE:

Prestwold Driving Centre

Prestwold Lane

Hoton

Leicester

Leicestershire

LE12 5SH

REGISTERED NUMBER:

06619935 (England and Wales)

FIXED ASSETS

Investments

4

185,001

185,001

CURRENT ASSETS

Debtors

5

2,097,090

2,108,881

Cash at bank

22,487

20,589

2,119,577

2,129,470

CREDITORS

Amounts falling due within one year

6

450

10,450

NET CURRENT ASSETS

2,119,127

2,119,020

TOTAL ASSETS LESS CURRENT LIABILITIES

2,304,128

2,304,021

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

2,304,125

2,304,018

SHAREHOLDERS' FUNDS

2,304,128

2,304,021

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23 December 2020 and were signed by:

Mr D Edmonds - Director

1.	STATUTORY INFORMATION

Driving Experiences UK 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.

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

INVESTMENTS

Investments are included at cost. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2019

and 31 December 2019

185,001

NET BOOK VALUE

At 31 December 2019

185,001

At 31 December 2018

185,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by group undertakings

1,447,090

1,458,881

Other debtors

650,000

650,000

2,097,090

2,108,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other creditors

450

10,450

7.	RELATED PARTY DISCLOSURES

At the end of the financial period there was an amount of £650,000 (2018 : £650,000) owed by Direct Experiences to the company. Mr D Edmonds is also a director of Direct Experiences Limited.

At the end of the financial period there was an amount of £10,000 (2018 : £10,000) owed to the directors of company.