Druce Acquisitions Ltd
Druce Acquisitions Ltd
Registered number: 06242110
Unaudited Financial Statements
For The Year Ended 30 June 2017
Passman Leonard Associates Limited
Druce Acquisitions Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Statement of Financial Position | 1 |
| Statement of Changes in Equity | 3 |
| Notes to the Financial Statements | 4—5 |
Druce Acquisitions Ltd
Statement of Financial Position
For The Year Ended 30 June 2017
Statement of Financial Position
Registered number:
06242110
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 86,119 | 86,282 | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Income Statement
On behalf of the board
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Page 1
Druce Acquisitions Ltd
Statement of Financial Position (continued)
For The Year Ended 30 June 2017
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Druce Acquisitions Ltd
Statement of Changes in Equity
For The Year Ended 30 June 2017
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 July 2015 |
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98,113 |
| Loss for the year and total comprehensive income | - |
( |
(11,831) |
| As at 30 June 2016 and 1 July 2016 |
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86,282 |
| Loss for the year and total comprehensive income | - |
( |
(163) |
| As at |
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86,119 |
Page 3
Druce Acquisitions Ltd
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
4.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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5.
Debtors
| 2017 | 2016 | ||
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| £ | £ | ||
| Due within one year | |||
| Corporation tax recoverable assets |
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| Amounts owed by group undertakings |
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Amounts owed by group undertakings at the balance sheet date included £179,884 (2016 - £190,532) by Druce & Co Ltd, a fellow subsidiary.
6.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Trade creditors |
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| VAT | - |
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| Other creditors |
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| Accruals |
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| Amounts owed to group undertakings |
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Amounts owed to group undertakings at the balance sheet date included £21,644 (2016 - £28,531) to Druce Marylebone Ltd, £42,690 (2016 - £42,690) to Amalgamated Names Ltd, and £9,174 (2016 - £9,174) to Druce South Kensington Ltd, all fellow subsidiaries.
Page 4
Druce Acquisitions Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
8.
Ultimate Controlling Party
The company's ultimate controlling party is Duratar Holdings Limited by virtue of his ownership of 100% of the issued share capital in the company.
9.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 July 2015. No adjustments were necessary to the accounts.
10.
General Information
Druce Acquisitions Ltd Registered number 06242110 is a limited by shares company incorporated in England & Wales. The Registered Office is Bentinck House, Bentinck Road , West Drayton, Middlesex, UB7 7RQ.
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