DRP Property Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08581663 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

DRP PROPERTY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

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

4

434,303

435,201

Investments

5

52,203

52,203

486,506

487,404

CURRENT ASSETS

Debtors

1,792

1,792

Cash at bank and in hand

5,778

6,884

7,570

8,676

CREDITORS

Amounts falling due within one year

255,324

258,768

NET CURRENT LIABILITIES

(247,754

)

(250,092

)

TOTAL ASSETS LESS CURRENT LIABILITIES

238,752

237,312

CREDITORS

Amounts falling due after more than one year

6

(198,362

)

(211,196

)

PROVISIONS FOR LIABILITIES

(47

)

(227

)

NET ASSETS

40,343

25,889

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

8

40,340

25,886

SHAREHOLDERS' FUNDS

40,343

25,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 December 2017 and were signed on its behalf by:

D A O'Hara - Director

1.	STATUTORY INFORMATION

DRP Property Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

436,788

DEPRECIATION

At 1 April 2016

1,587

Charge for year

898

At 31 March 2017

2,485

NET BOOK VALUE

At 31 March 2017

434,303

At 31 March 2016

435,201

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

52,203

NET BOOK VALUE

At 31 March 2017

52,203

At 31 March 2016

52,203

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31/3/17

31/3/16

£

£

Repayable by instalments

Bank loans more 5 yr by instal

148,362

161,196

7.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/17

31/3/16

£

£

Bank loans

210,862

223,696

The loan is secured by a fixed and floating charge over all the property and undertakings of the business.

8.

RESERVES

Retained

earnings

£

At 1 April 2016

25,886

Profit for the year

14,454

At 31 March 2017

40,340