DRAGON_PROPERTY_DESIGNS_L - Accounts

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 31 AUGUST 2015
DRAGON PROPERTY DESIGNS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
DRAGON PROPERTY DESIGNS LIMITED
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY ACCOUNTS OF DRAGON PROPERTY DESIGNS LIMITED
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 5 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Dragon Property Designs Limited for the year ended 31 August 2015 set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

 

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Dragon Property Designs Limited, as a body, in accordance with the terms of our engagement letter dated 8 September 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Dragon Property Designs Limited and state those matters that we have agreed to state to the Board of Directors of Dragon Property Designs Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dragon Property Designs Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Dragon Property Designs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dragon Property Designs Limited. You consider that Dragon Property Designs Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Dragon Property Designs Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Roberts & Co
23 February 2016
Chartered Certified Accountants
17 Hayfield Hill
Cannock Wood
Staffordshire
WS15 4RP
DRAGON PROPERTY DESIGNS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,517,826
1,502,333
Current assets
Stocks
-
221,181
Debtors
321
1,416
Cash at bank and in hand
1,347
4,727
1,668
227,324
Creditors: amounts falling due within one year
3
(103,536)
(84,522)
Net current liabilities/(assets)
(101,868)
142,802
Total assets less current liabilities
1,415,958
1,645,135
Creditors: amounts falling due after more than one year
4
(501,098)
(1,013,883)
914,860
631,252
Capital and reserves
Called up share capital
5
100
100
Revaluation reserve
788,562
628,690
Profit and loss account
126,198
2,462
Shareholders'  funds
914,860
631,252
DRAGON PROPERTY DESIGNS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2015
31 August 2015
- 3 -
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have 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 23 February 2016
Mr C Thomas
Director
Company Registration No. 05633812
DRAGON PROPERTY DESIGNS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention 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
The part of the annual depreciation charge on revalued assets which relates to the revaluation surplus is transferred from the revaluation reserve to the profit and loss account.
DRAGON PROPERTY DESIGNS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 5 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 September 2014
1,508,073
Additions
1,442
Revaluation
195,000
Disposals
(180,000)
At 31 August 2015
1,524,515
Depreciation
At 1 September 2014
5,740
Charge for the year
949
At 31 August 2015
6,689
Net book value
At 31 August 2015
1,517,826
At 31 August 2014
1,502,333
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £6,000).
4
Creditors: amounts falling due after more than one year
2015
2014
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
401,418
411,418
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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