Dragon Wood Homes Ltd - Accounts

Dragon Wood Homes Ltd - Accounts

DRAGON WOOD HOMES LTD - Company Information

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Dragon Wood Homes Ltd 09923657 Property false 1 January 2021 09923657 2021-01-01 2021-12-31 09923657 2020-12-31 09923657 2021-12-31 09923657 2020-01-01 2020-12-31 09923657 2019-12-31 09923657 2020-12-31 09923657 frs102-bus:FRS102 2021-01-01 2021-12-31 09923657 frs102-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 09923657 frs102-bus:FullAccounts 2021-01-01 2021-12-31 09923657 frs102-bus:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09923657 frs102-core:CurrentFinancialInstruments 2021-12-31 09923657 frs102-core:CurrentFinancialInstruments 2020-12-31 09923657 frs102-core:Non-currentFinancialInstruments 2021-12-31 09923657 frs102-core:Non-currentFinancialInstruments 2020-12-31 09923657 frs102-core:ShareCapital 2021-12-31 09923657 frs102-core:ShareCapital 2020-12-31 09923657 frs102-core:RetainedEarningsAccumulatedLosses 2021-12-31 09923657 frs102-core:RetainedEarningsAccumulatedLosses 2020-12-31 09923657 frs102-bus:Director1 2021-01-01 2021-12-31 09923657 frs102-core:CurrentFinancialInstruments 2021-01-01 2021-12-31 09923657 frs102-core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09923657
Dragon Wood Homes Ltd
Unaudited Accounts
for the year ended
31 December 2021
Dragon Wood Homes Ltd
Balance Sheet
as at 31 December 2021
Notes
 2021
£		 2020
£
Current assets
Stocks 2,790,152 4,000,000
Cash at bank and in hand 0 29
2,790,152 4,000,029
Creditors: amounts falling due within one year 3 (2,766,464) (3,665,900)
Net current assets / (liabilities) 23,688 334,129
Total assets less current liabilities 23,688 334,129
Creditors: amounts falling due after more than one year 4 (750,000) (750,000)
Provisions for liabilities (0) (0)
Total net assets (liabilities) (726,312) (415,871)
Capital and reserves
Called up share capital 1 1
Profit and loss account (726,313) (415,872)
Shareholders' funds (726,312) (415,871)

Dragon Wood Homes Ltd
Balance Sheet
as at 31 December 2021



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr P Whyman

Director


Approved by the board on 19 October 2022

Company Number: 09923657 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Brook House
Debden Lane
Loughton
IG10 2PD
England

Dragon Wood Homes Ltd
Notes to the Accounts
for the year ended 31 December 2021

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
2. Employees
2021 2020
Average number of employees during the period 0 0

Other employment information

There were zero employees in the year ending 31.12.2021


3. Creditors: amounts falling due within one year
2021 2020
£ £
Bank Loans & Overdrafts 2,360,209 3,292,944
Other creditors 406,255 372,956
2,766,464 3,665,900

Amounts owing to Glenhawk Property Finance £2360209
Other creditors, Investment from Oakway Holdings Ltd £232279
Amounts owing to directors £173976


4. Creditors: amounts falling due after one year
2021 2020
£ £
Other 750,000 750,000
750,000 750,000

Oakway Holdings Ltd
to receive profit percentage circa £750000.00 once all stock is sold