DRP Property Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08581663 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

DRP PROPERTY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Hursey

D A O'Hara

P Heath

REGISTERED OFFICE:

750 Mandarin Court

Warrington

Cheshire

WA1 1GG

REGISTERED NUMBER:

08581663 (England and Wales)

ACCOUNTANTS:

Walker Begley Limited

Chartered Accountants

207 Knutsford Road

Grappenhall

Warrington

Cheshire

WA4 2QL

FIXED ASSETS

Tangible assets

2

435,201

436,108

Investments

3

52,203

-

487,404

436,108

CURRENT ASSETS

Debtors

1,792

Cash at bank and in hand

6,884

50,719

8,676

52,511

CREDITORS

Amounts falling due within one year

4

258,768

251,412

NET CURRENT LIABILITIES

(250,092

)

(198,901

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

237,312

237,207

CREDITORS

Amounts falling due after more than one
year

4

(211,196

)

(223,404

)

PROVISIONS FOR LIABILITIES

(227

)

(408

)

NET ASSETS

25,889

13,395

CAPITAL AND RESERVES

Called up share capital

5

3

Profit and loss account

25,886

13,392

SHAREHOLDERS' FUNDS

25,889

13,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 December 2016 and were signed on its behalf
by:

D A O'Hara - Director

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 January 2015).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

436,788

DEPRECIATION

At 1 April 2015

680

Charge for year

907

At 31 March 2016

1,587

NET BOOK VALUE

At 31 March 2016

435,201

At 31 March 2015

436,108

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

52,203

At 31 March 2016

52,203

NET BOOK VALUE

At 31 March 2016

52,203

4.

CREDITORS

Creditors include an amount of £ 223,696 (31/3/15 - £ 235,904 ) for which security has been given.

They also include the following debts falling due in more than five years:

31/3/16

31/3/15

£

Repayable by instalments

161,196

173,404

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/16

31/3/15

value:

£

3

Ordinary

£1

3