Dionysus_Developments_Lim - Accounts

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Dionysus Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Betchworth House, 57-65 Station Road, Redhill, Surrey, RH1 1DL.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell, less progress amounts received as progress payments on account. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bring the stock to their present location and condition. Excess progress payments are included in creditors as payments on account.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as ‘other’ or financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The company had 0 employees in the current and prior year.

Included in other creditors at year end is an amount due to King Kollakis and Company Limited, a company under common control, of £nil (2021: £20,000).

Included in other creditors at year end is an amount due to Mr A. Kollakis, a director of the company, of £4,649 (2021: £4,649).

The balance in stocks of £387,436 (2021: £412,436) is in respect of a property development which Mr A. Kollakis and Mr C. Kollakis, directors of the company, have an interest in. All transactions in respect of this development have been at arms length.