Abbreviated Company Accounts - DOMAX INVESTMENTS LIMITED

DOMAX INVESTMENTS LIMITED - Company Information

05272399 DOMAX INVESTMENTS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 05272399 2015-01-01 2015-12-31 05272399 2015-12-31 05272399 2014-12-31 05272399 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 05272399 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 05272399

DOMAX INVESTMENTS LIMITED

Abbreviated Accounts

31 December 2015

DOMAX INVESTMENTS LIMITED Registered Number 05272399

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	7,004	1,652
Investments	3	1,964,850	1,164,850
		1,971,854	1,166,502
Current assets
Cash at bank and in hand		1,140	381
		1,140	381
Creditors: amounts falling due within one year		(222,132)	(752,988)
Net current assets (liabilities)		(220,992)	(752,607)
Total assets less current liabilities		1,750,862	413,895
Creditors: amounts falling due after more than one year		(1,585,500)	(210,500)
Total net assets (liabilities)		165,362	203,395
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		592,580	592,580
Profit and loss account		(427,318)	(389,285)
Shareholders' funds		165,362	203,395

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 September 2016

And signed on their behalf by:
K D Attwood, Director

DOMAX INVESTMENTS LIMITED Registered Number 05272399

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of unlisted investments and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 25% reducing balance

Valuation information and policy
Investments in participating undertakings are shown at cost less provision for impairment. Other fixed asset investments are shown at valuation.

Other accounting policies
Going concern

The financial statements have been prepared on a going concern basis, as the directors are of the opinion that the company will be able to continue operating and meet its liabilities as and when they fall due with the continuing support of the shareholders.

2Tangible fixed assets

	£
Cost
At 1 January 2015	3,842
Additions	7,614
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	11,456
Depreciation
At 1 January 2015	2,190
Charge for the year	2,262
On disposals	-
At 31 December 2015	4,452
Net book values
At 31 December 2015	7,004
At 31 December 2014	1,652

3Fixed assets Investments
Participating interest
The company has a 42% interest in the equity capital of El Puenta De La Indiana SL, a company incorporated in Spain.

The company's aggregate capital reserves as at 31 December 2015 was £392,685 (2014 - £424,512) and ithe losst for the year was £8,897 (2014 - profit £2,881).

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100