The Drake Group Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01973079 (England and Wales)

Financial Statements for the Year Ended 31 December 2022

for

The Drake Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs H C Williams

REGISTERED OFFICE:

89 St Fagan's Road

Fairwater

Cardiff

CF5 3AE

REGISTERED NUMBER:

01973079 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Investments

4

247,854

TOTAL ASSETS LESS CURRENT
LIABILITIES

247,854

CREDITORS

Amounts falling due after more than one
year

5

2

NET ASSETS

247,852

CAPITAL AND RESERVES

Called up share capital

6

247,850

Retained earnings

2

SHAREHOLDERS' FUNDS

247,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2023 and were signed by:

Mrs H C Williams - Director

1.	STATUTORY INFORMATION

The Drake Group 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.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in Subsidiary undertakings

£

Cost

At 1 January and 31 December 2022

247,854

Net book value

At 31 December 2021 and 31 December 2022

247,854

The investments above include the following interests in subsidiary undertakings:

Name, country of incorporation and
nature of business

Class of
shares

% held

Aggregate
capital &
reserves at
year end

Profit or (loss
for the year

)

£

Drake Educational Associates Limited

England and Wales

Design and sale of educational
equipment

Ordinary

100%

286,622

1,825

Drake A-V Video Limited

England and Wales

Retail and distribution of audio visual
equipment

Ordinary

100%

403,466

44,355

Gwasg Addysgol Drake Cyf

England and Wales

Dormant

Ordinary

100%

2

-

Cardiff Academic Press Limited

England and Wales

Dormant

Ordinary

100%

-

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2022

2021

£

Amounts owed to group undertakings

2

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

247,850

Ordinary shares

£1

247,850

7.	RELATED PARTY DISCLOSURES

At 31 December 2021 £2 (2020 £2) was owing to Gwasg Addysgol Drake Cyf, a 100% owned subsidiary.

The Drake Group Limited - Accounts to registrar (filleted) - small 23.1

The Drake Group Limited - Accounts to registrar (filleted) - small 23.1