Domus Property Developments Limited Filleted accounts for Companies House (small and micro)

DOMUS PROPERTY DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09324850

DOMUS PROPERTY DEVELOPMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 November 2019

DOMUS PROPERTY DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2019

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 3

DOMUS PROPERTY DEVELOPMENTS LIMITED

BALANCE SHEET

30 November 2019

	2019	2018
Note	£	£

Investment property

Investment property	5	70,000	70,000

Current assets

Stocks	6	151,591	142,310
Debtors	7	100	100
Cash at bank and in hand		2,561	658,774
		------------	------------
		154,252	801,184

Creditors: amounts falling due within one year	8	( 652,820)	( 1,266,200)
		------------	------------
Net current liabilities		( 498,568)	( 465,016)
		------------	------------
Total assets less current liabilities		( 428,568)	( 395,016)
		------------	------------
Net liabilities		( 428,568)	( 395,016)
		------------	------------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		( 428,668)	( 395,116)
		------------	------------
Shareholders deficit		( 428,568)	( 395,016)
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 30 November 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 16 March 2020 , and are signed on behalf of the board by:

Mr P Timmins	Mrs P Timmins
Director	Director

Company registration number: 09324850

DOMUS PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Prior Street, Greenwich, London, SE10 8SF.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the value of services provided.

Investment property

Investment properties are recorded at estimated market value and are subject to an annual impairment review.

Stocks

Stocks are stated at the lower of cost and net realizable value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract the evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2018: 1 ).

5. Investment property

	Investment property
	£
Cost
At 1 December 2018 and 30 November 2019	70,000
	------------
Depreciation
At 1 December 2018 and 30 November 2019	–
	------------
Carrying amount
At 30 November 2019	70,000
	------------
At 30 November 2018	70,000
	------------

The directors consider that the estimated market value of the property is in line with the original cost of £70,000.

6. Stocks

	2019	2018
	£	£
Raw materials and consumables	151,591	142,310
	------------	------------

7. Debtors

	2019	2018
	£	£
Other debtors	100	100
	------------	------------

8. Creditors: amounts falling due within one year

	2019	2018
	£	£
Accruals and deferred income	2,820	1,200
Director loan accounts	650,000	1,265,000
	------------	------------
	652,820	1,266,200
	------------	------------

9. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	90	90.00	90	90.00
A ordinary shares of £ 1 each	10	10.00	10	10.00
	------------	------------	------------	------------
	100	100.00	100	100.00
	------------	------------	------------	------------

The two classes of share rank pari passu in all material respects.

10. Related party transactions

There is no one controlling party of the company. The directors' loan account set out above are unsecured, repayable on demand and currently interest-free.

11. Going concern

The directors have confirmed that they will provide adequate working capital to enable the company to continue in operation until at least 31 March 2021. Consequently, the accounts have been prepared on a going concern basis.