Accounts filed on 31-01-2016
Accounts filed on 31-01-2016
DOMUS PROPERTY MANAGEMENT LIMITED
Company Registration Number:
07524528
(England and Wales)
Abbreviated (Unaudited) Accounts
(Dormant Accounts)
Period of accounts
Start date: 01 February 2015
End date: 31 January 2016
DOMUS PROPERTY MANAGEMENT LIMITED
Abbreviated Balance sheet
As at
Notes |
2016 £ |
2015 £ |
|
|---|---|---|---|
| Fixed assets | |||
| Intangible assets: |
|
|
|
| Tangible assets: |
|
|
|
| Total fixed assets: |
|
|
|
| Current assets | |||
| Stocks: |
|
|
|
| Debtors: |
|
|
|
| Cash at bank and in hand: |
|
|
|
| Total current assets: |
|
|
|
| Creditors: amounts falling due within one year: |
|
|
|
| Net current assets (liabilities): |
|
|
|
| Total assets less current liabilities: |
|
|
|
| Creditors: amounts falling due after more than one year: |
|
|
|
| Provision for liabilities: |
|
|
|
| Total net assets (liabilities): |
|
|
The notes form part of these financial statements
DOMUS PROPERTY MANAGEMENT LIMITED
Balance sheet continued
As at 31 January 2016
Notes |
2016 £ |
2015 £ |
|
|---|---|---|---|
| Capital and reserves | |||
| Called up share capital: | 2 |
|
|
| Revaluation reserve: |
|
|
|
| Profit and loss account: |
(
|
(
|
|
| Shareholders funds: |
|
|
The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
DOMUS PROPERTY MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended 31 January 2016
-
1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost, IT equipment - 33% on cost. Intangible fixed assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised on the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease terms, whichever is shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.