Drakelow Developments Limited - Abbreviated accounts 16.1
Drakelow Developments Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2015 |
| for |
| Drakelow Developments Limited |
| Drakelow Developments Limited (Registered number: 02552686) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Drakelow Developments Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Drakelow Developments Limited (Registered number: 02552686) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Capital redemption reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Drakelow Developments Limited (Registered number: 02552686) |
| Abbreviated Balance Sheet - continued |
| 30 September 2015 |
| The directors acknowledge their 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 were approved by the Board of Directors on |
| Drakelow Developments Limited (Registered number: 02552686) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced rents excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 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 the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| Additions |
| Disposals | ( |
) |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Drakelow Developments Limited (Registered number: 02552686) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 4. | RELATED PARTY DISCLOSURES |
| Park Manor Property Limited |
| A company in which Mr R Bullivant and Mr C Chatfield are directors. |
| During the year Drakelow Developments Limited invoiced consultancy fees of £4,036 (2014 : credited £3,538) |
| to Park Manor Property Limited. |
| 2015 | 2014 |
| £ | £ |
| Amount due from related party at the balance sheet date |
| Drakelow Development Holdings Limited |
| A company in which Mr R Bullivant, Mrs E Bullivant and Mr C Chatfield are directors. |
| During the year Drakelow Developments Limited invoiced consultancy fees of £2,173 (2014 : credited £1,905) |
| to Drakelow Development Holdings Limited. In addition, Drakelow Developments Limited was invoiced a total |
| of £150,000 (2014 : £137,500) in rent and £199 (2014 : £nil) in repair costs by Drakelow Development Holdings |
| Limited. |
| 2015 | 2014 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Newton Park Retirement Benefit Scheme |
| A retirement benefit scheme in which Mr R Bullivant and Mrs E Bullivant are trustees and beneficiaries. |
| 2015 | 2014 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Drakelow Site Services Limited |
| A company in which Mr R Bullivant and Mr C Chatfield are directors. |
| During the year Drakelow Developments Limited invoiced management charges of £nil (2014 : £8,333) to |
| Drakelow Site Services Limited. In addition Drakelow Developments Limited was invoiced a total of £165,063 |
| (2014 : £132,282) in service charges by Drakelow Site Services Limited. |
| 2015 | 2014 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Darley Park Properties Limited |
| A company in which Mr R Bullivant is a director and has control. |