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 2022

DOMUS PROPERTY DEVELOPMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 4

DOMUS PROPERTY DEVELOPMENTS LIMITED

BALANCE SHEET

30 November 2022

	2022	2021
Note	£	£

Investment property

Investment property	5	1,702,716	1,702,716

Current assets

Debtors	6	751	1,650
Cash at bank and in hand		780,456	772,478
		-------------	-------------
		781,207	774,128

Creditors: amounts falling due within one year	7	( 2,558,124)	( 2,658,151)
		-------------	-------------
Net current liabilities		( 1,776,917)	( 1,884,023)
		-------------	-------------
Total assets less current liabilities		( 74,201)	( 181,307)
		-------------	-------------
Net liabilities		( 74,201)	( 181,307)
		-------------	-------------

Capital and reserves

Called up share capital	8	100	100
Profit and loss account		( 74,301)	( 181,407)
		-------------	-------------
Shareholders deficit		( 74,201)	( 181,307)
		-------------	-------------

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 Section 1A of 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 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 3 March 2023 , and are signed on behalf of the board by:

N Timmins
Director

Company registration number: 09324850

DOMUS PROPERTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 80 Greenwich South Street, London, SE10 8UN.

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.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2021: Nil).

5. Investment property

	Investment property
	£
Cost
At 1 December 2021 and 30 November 2022	1,702,716
	-------------
Depreciation
At 1 December 2021 and 30 November 2022	–
	-------------
Carrying amount
At 30 November 2022	1,702,716
	-------------
At 30 November 2021	1,702,716
	-------------

The directors consider that the estimated market value of the property is in line with the original cost of £1,702,716 (2021: £1,702,716).

6. Debtors

	2022	2021
	£	£
Prepayments and accrued income	58	–
Other debtors	693	1,650
	-------------	-------------
	751	1,650
	-------------	-------------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Accruals and deferred income	1,200	1,200
Social security and other taxes	42,925	3,451
Director loan accounts	2,513,999	2,653,500
	-------------	-------------
	2,558,124	2,658,151
	-------------	-------------

8. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	80	80	80	80
A ordinary shares of £ 1 each	10	10	10	10
B ordinary shares of £ 1 each	10	10	10	10
	-------------	-------------	-------------	-------------
	100	100	100	100
	-------------	-------------	-------------	-------------

The class of shares rank pari passu in all material respects.

9. Related party transactions

The company is controlled by N Timmins . The directors' loan accounts set out above are unsecured, repayable on demand and currently interest-free.

10. 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 2024. Consequently, the accounts have been prepared on a going concern basis.