Dragons Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07042917 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 March 2021

for

Dragons Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N S Maugham

REGISTERED OFFICE:

3 Talbot Road

London

W2 5JE

REGISTERED NUMBER:

07042917 (England and Wales)

ACCOUNTANTS:

PHS Accountants Ltd

105a Albemarle Road

Beckenham

Kent

BR3 5HS

FIXED ASSETS

Tangible assets

4

-

Investments

5

267,208

CURRENT ASSETS

Stocks

21,000

11,000

Debtors

6

270,867

250,147

Cash at bank

79,586

2,162

371,453

263,309

CREDITORS

Amounts falling due within one year

7

622,923

524,085

NET CURRENT LIABILITIES

(251,470

)

(260,776

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,738

6,432

CREDITORS

Amounts falling due after more than one
year

8

50,000

-

NET (LIABILITIES)/ASSETS

(34,262

)

6,432

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(34,362

)

6,332

(34,262

)

6,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 29 June 2022 and were signed by:

N S Maugham - Director

1.	STATUTORY INFORMATION

Dragons Developments Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 March 2020

and 30 March 2021

42,427

DEPRECIATION

At 31 March 2020

and 30 March 2021

42,427

NET BOOK VALUE

At 30 March 2021

-

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.3.21

30.3.20

£

Other investments other than

loans

44,211

Other investments other than

loans - additions

222,997

267,208

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.21

30.3.20

£

Other debtors

270,867

250,147

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.21

30.3.20

£

Taxation and social security

12,703

-

Other creditors

610,220

524,085

622,923

524,085

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.3.21

30.3.20

£

Bank loans

50,000

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,000

-

9.	RELATED PARTY DISCLOSURES

As at 30 March 2021, the company is owed the following amounts, on an interest free basis:

Larden Road Holdings Limited: £182,393 (2020: £182,393)

Chepstow Estate Limited: £Nil (2020: £7,405)

As at 30 March 2021, the company owed the following amounts, on an interest free basis:

Ledbury Homes Limited: £20,051 (2020: £49,949 DR)

The loans carry no fixed terms for repayments.

Dragons Developments Ltd - Accounts to registrar (filleted) - small 18.2

Dragons Developments Ltd - Accounts to registrar (filleted) - small 18.2