DR Restructuring Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07598688 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2017

FOR

DR RESTRUCTURING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D A Rubin

SECRETARY:

Mrs K M Rubin

REGISTERED OFFICE:

Suite 2, Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

REGISTERED NUMBER:

07598688 (England and Wales)

ACCOUNTANTS:

Donald Jacobs & Partners

CHARTERED ACCOUNTANTS

Suite 2, Fountain House

1a Elm Park

Stanmore

Middlesex

HA7 4AU

FIXED ASSETS

Tangible assets

3

-

-

Investments

4

301

301

301

301

CURRENT ASSETS

Debtors

5

2,248,370

2,501,410

Cash at bank

784,294

543,421

3,032,664

3,044,831

CREDITORS

Amounts falling due within one year

6

336,322

816,028

NET CURRENT ASSETS

2,696,342

2,228,803

TOTAL ASSETS LESS CURRENT LIABILITIES

2,696,643

2,229,104

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,696,543

2,229,004

SHAREHOLDERS' FUNDS

2,696,643

2,229,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 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 30 October 2017 and were signed by:

D A Rubin - Director

1.	STATUTORY INFORMATION

DR Restructuring 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2016

2,800

Impairments

(2,800

)

At 30 April 2017

-

DEPRECIATION

At 1 May 2016

2,800

Impairments

(2,800

)

At 30 April 2017

-

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

and 30 April 2017

301

NET BOOK VALUE

At 30 April 2017

301

At 30 April 2016

301

5.

DEBTORS

30.4.17

30.4.16

£

£

Amounts falling due within one year:

Other debtors

712,720

694,720

30.4.17

30.4.16

£

£

Amounts falling due after more than one year:

Other debtors

1,535,650

1,806,690

Aggregate amounts

2,248,370

2,501,410

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Other creditors

336,322

816,028

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.17

30.4.16

£

£

Director's loan account

335,362

814,947

The amount due to the director is secured by a debenture over the entire undertaking of the company.

8.	TRANSACTIONS WITH THE DIRECTOR

The following advances and credits to a director subsisted during the years ended 30 April 2017 and 30 April 2016:

30.4.17

30.4.16

£

£

D A Rubin

Balance outstanding at start of year

814,947

1,706,952

Amounts repaid

(479,585

)

(892,005

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

335,362

814,947

The amount due to the director is secured by a debenture over the entire undertaking of the company and is repayable on

demand.

The company's banking facilities are secured by the personal guarantee of the director.

9.	RELATED PARTY DISCLOSURES

The company is related to David Rubin & Partners Limited by virtue of its investment.

At 30 April 2017, the amount due from David Rubin & Partners Limited was £2,230,370, (2016 - £2,501,410), and is

repayable by instalments, as follows:

Within 12 months 694,720

After more than one year 1,535,650

The total amount due from David Rubin & Partners Limited is unsecured, interest free and repayable on demand.

During the year ended 30 April 2017, dividends received from David Rubin & Partners Limited amounted to £474,500,

(2016- £82,650)

10.	ULTIMATE CONTROLLING PARTY

The controlling party is D A Rubin.