The Drake Group Limited - Accounts to registrar (filleted) - small 18.1

The Drake Group Limited - Accounts to registrar (filleted) - small 18.1

DRAKE GROUP LIMITED(THE) - Company Information

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REGISTERED NUMBER: 01973079 (England and Wales)















Financial Statements for the Year Ended 31 December 2017

for

The Drake Group Limited
The Drake Group Limited (Registered number: 01973079)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Drake Group Limited

Company Information
for the Year Ended 31 December 2017







DIRECTOR: Mrs H C Williams





REGISTERED OFFICE: 89 St Fagan's Road
Fairwater
Cardiff
CF5 3AE





REGISTERED NUMBER: 01973079 (England and Wales)





ACCOUNTANTS: Haines Watts
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA
Page 1
The Drake Group Limited (Registered number: 01973079)

Balance Sheet
31 December 2017

2017 2016
Notes £    £   
FIXED ASSETS
Investments 3 247,854 247,854
TOTAL ASSETS LESS CURRENT
LIABILITIES
247,854
247,854

CREDITORS
Amounts falling due after more than one
year
4
2
2
NET ASSETS 247,852 247,852

CAPITAL AND RESERVES
Called up share capital 247,850 247,850
Retained earnings 2 2
SHAREHOLDERS' FUNDS 247,852 247,852

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director on 11 April 2018 and were signed by:





Mrs H C Williams - Director


The notes form part of these financial statements

Page 2
The Drake Group Limited (Registered number: 01973079)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

The Drake Group 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group.
The company has therefore taken advantage of the exemption provided by Section 398 of the
Companies Act 2006 not to prepare group accounts.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either 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.

Page 3
The Drake Group Limited (Registered number: 01973079)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

3. FIXED ASSET INVESTMENTS

Shares in Subsidiary undertakings £   
Cost
At 1 January and 31 December 2017 247,854

Net book value
At 31 December 2016 and 31 December 2017 247,854

The investments above include the following interests in subsidiary undertakings:



Name, country of incorporation and
nature of business

Class of
shares


% held		 Aggregate
capital &
reserves at
year end

Profit or (loss
for the year


)
£    £   
Drake Educational Associates Limited
England and Wales
Design and sale of educational
equipment
Ordinary
100%
383,121
(21,427
)

Drake A-V Video Limited
England and Wales
Retail and distribution of audio visual
equipment
Ordinary
100%
422,540
13,799

Gwasg Addysgol Drake Cyf
England and Wales
Dormant Ordinary 100% 2 -

Cardiff Academic Press Limited
England and Wales
Dormant Ordinary 100% - -


4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Amounts owed to group undertakings 2 2

5. RELATED PARTY DISCLOSURES

At 31 December 2017 £2 (2016 -£2) was owing to Gwasg Addysgol Drake Cyf, a 100% owned
subsidiary.

Page 4