DRD Capital was D.R. Dev(Bham) Ltd - Accounts to registrar (filleted) - small 23.2.5
DRD Capital was D.R. Dev(Bham) Ltd - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| DRD CAPITAL LIMITED |
| Unaudited Financial Statements for the Year Ended 31 March 2023 |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| DRD CAPITAL LIMITED |
| Company Information |
| for the Year Ended 31 March 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 59-61 Charlotte Street |
| St Pauls Square |
| Birmingham |
| West Midlands |
| B3 1PX |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Balance Sheet |
| 31 March 2023 |
| 2023 | 2022 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| ACCRUALS AND DEFERRED INCOME | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Balance Sheet - continued |
| 31 March 2023 |
| 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 |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| DRD Capital Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 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 profit or loss in the period to which they relate. |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2022 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| DEPRECIATION |
| At 1 April 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| The net book value of assets held under HP as at the period end is £22,519 (2022 - £37,126). |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 April 2022 |
| Additions |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2022 |
| Additions |
| At 31 March 2023 |
| NET BOOK VALUE |
| At 31 March 2023 |
| At 31 March 2022 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Directors' current accounts | 87,662 | - |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Social security and other taxes | ( |
) |
| Other creditors |
| Directors' current accounts | - | 177,141 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 228,102 | 43,486 |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Hire purchase contracts | 47,161 | - |
| The hire purchase liability is secured against the asset to which it relates. |
| 11. | ACCRUALS AND DEFERRED INCOME |
| 2023 | 2022 |
| £ | £ |
| ERDF Grant | 45,000 | 70,000 |
| The grant is repayable if certain conditions within the grant document are not satisfied and is secured by a charge over the investment property. |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022: |
| 2023 | 2022 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 13. | RELATED PARTY DISCLOSURES |
| At the year end date the company was owed £59,201 (2022 - £45,558) by R Cubed Investments Ltd. |
| At the year end date the company was owed £425,458 (2022 - £486,047) by Detail C Ltd. |
| At the year end date the company was owed £140,000 (2022 - £377,000) by 3B1Y Ltd. |
| At the year end date the company was owed £430,815 (2022 - £520,070) by DRD MG Ltd. |
| At the year end date the company was owed £48,703 (2022 - £20,893) by DRD Eats Ltd. |
| At the year end date the company was owed £402,869 (2022 - £478,471) by DRD GS Ltd. |
| At the year end date the company was owed £8,300 (2022 - £300) by Detail DMC Ltd. |
| At the year end date the company owed £292,004 (2022 - £270,816) to DRD Victoria Ltd. |
| At the year end date the company owed £95,000 (2022 - £100,000) to Glendyne Investments Ltd. |
| At the year end date the company owed £196,280 (2022 - £198,560) to D.R. Warehouse Ltd. |
| These companies are under the common control of the directors. |
| DRD CAPITAL LIMITED (REGISTERED NUMBER: 07533496) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is R L Gangotra. |