Abbreviated Company Accounts - DRAGON RACING (UK) LIMITED

DRAGON RACING (UK) LIMITED - Company Information

09243155 DRAGON RACING (UK) LIMITED 2015-12-31 false 2014-10-01 2015-12-31 true 09243155 2014-10-01 2015-12-31 09243155 2015-12-31 09243155 uk-gaap-cd-bus:Director1 2014-10-01 2015-12-31 09243155 uk-gaap-cd-bus:Director2 2014-10-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP shares

Registered Number 09243155

DRAGON RACING (UK) LIMITED

Abbreviated Accounts

31 December 2015

DRAGON RACING (UK) LIMITED Registered Number 09243155

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	6,238
		6,238
Current assets
Debtors		2,526
Cash at bank and in hand		10,990
		13,516
Creditors: amounts falling due within one year		(896,815)
Net current assets (liabilities)		(883,299)
Total assets less current liabilities		(877,061)
Total net assets (liabilities)		(877,061)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(877,161)
Shareholders' funds		(877,061)

For the year ending 31 December 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2016

And signed on their behalf by:
Paul Woolnough, Director

DRAGON RACING (UK) LIMITED Registered Number 09243155

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Fixtures and fittings - 25%RB

Other accounting policies
Going concern
The financial statements have been prepared on a going concern basis with continued support from the director and shareholders.

2Tangible fixed assets

	£
Cost
Additions	8,317
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	8,317
Depreciation
Charge for the year	2,079
On disposals	-
At 31 December 2015	2,079
Net book values
At 31 December 2015	6,238

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
100 Ordinary shares of £1 each	100