3Drakes Ltd - Period Ending 2017-03-31

Registration number: 09842831

3Drakes Ltd

Unaudited Abbreviated Accounts

for the Period from 27 October 2015 to 31 March 2017

 

Sterlings Ltd
Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

3Drakes Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

3Drakes Ltd
(Registration number: 09842831)
Abbreviated Balance Sheet at 31 March 2017

		Note			31 March 2017 £
Current assets
Cash at bank and in hand					118
Creditors: Amounts falling due within one year					(7,002)
Net liabilities					(6,884)
Capital and reserves
Called up share capital		2			100
Profit and loss account					(6,984)
Shareholders' deficit					(6,884)

For the year ending 31 March 2017 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 3 July 2017 and signed on its behalf by:

.........................................
Douglas Lee
Director

.........................................
Joy Prince
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

3Drakes Ltd
Notes to the Abbreviated Accounts for the Period from 27 October 2015 to 31 March 2017
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 March 2017
		No.			£
Ordinary A shares of £1 each		80			80
Ordinary B shares of £1 each		20			20
		100			100

New shares allotted

During the period 80 Ordinary A shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £80. cash.

During the period 20 Ordinary B shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £20. cash.

Page 2