Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31No description of principal activity2022-01-01falsetrue3520trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07746921 2022-01-01 2022-12-31 07746921 2021-01-01 2021-12-31 07746921 2022-12-31 07746921 2021-12-31 07746921 2021-01-01 07746921 c:Director1 2022-01-01 2022-12-31 07746921 d:Buildings d:ShortLeaseholdAssets 2022-01-01 2022-12-31 07746921 d:Buildings d:ShortLeaseholdAssets 2022-12-31 07746921 d:Buildings d:ShortLeaseholdAssets 2021-12-31 07746921 d:FurnitureFittings 2022-01-01 2022-12-31 07746921 d:FurnitureFittings 2022-12-31 07746921 d:FurnitureFittings 2021-12-31 07746921 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07746921 d:OfficeEquipment 2022-01-01 2022-12-31 07746921 d:OfficeEquipment 2022-12-31 07746921 d:OfficeEquipment 2021-12-31 07746921 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07746921 d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 07746921 d:Goodwill 2022-01-01 2022-12-31 07746921 d:Goodwill 2022-12-31 07746921 d:Goodwill 2021-12-31 07746921 d:CurrentFinancialInstruments 2022-12-31 07746921 d:CurrentFinancialInstruments 2021-12-31 07746921 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07746921 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07746921 d:ShareCapital 2022-12-31 07746921 d:ShareCapital 2021-12-31 07746921 d:RetainedEarningsAccumulatedLosses 2022-12-31 07746921 d:RetainedEarningsAccumulatedLosses 2021-12-31 07746921 c:FRS102 2022-01-01 2022-12-31 07746921 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 07746921 c:FullAccounts 2022-01-01 2022-12-31 07746921 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 07746921 d:WithinOneYear 2022-12-31 07746921 d:WithinOneYear 2021-12-31 07746921 d:BetweenOneFiveYears 2022-12-31 07746921 d:BetweenOneFiveYears 2021-12-31 07746921 6 2022-01-01 2022-12-31 07746921 d:Goodwill d:OwnedIntangibleAssets 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 07746921









DOMINUS UK HOLDINGS LIMITED (formerly Dominvs Group Limited)







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
DOMINUS UK HOLDINGS LIMITED
REGISTERED NUMBER: 07746921

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2022
2021
2021
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
61,552
184,656

Tangible assets
 5 
90,939
92,289

Fixed asset investments
 6 
3
3

  
152,494
276,948

Current assets
  

Debtors: amounts falling due within one year
 7 
1,520,341
1,243,200

Bank and cash balances
  
1,985,184
2,319,529

  
3,505,525
3,562,729

Creditors: amounts falling due within one year
 8 
(2,240,946)
(2,436,082)

Net current assets
  
 
 
1,264,579
 
 
1,126,647

Total assets less current liabilities
  
1,417,073
1,403,595

Provisions for liabilities
  

Deferred tax
 9 
(18,210)
(14,276)

Net assets
  
1,398,863
1,389,319


Capital and reserves
  

Called up share capital 
  
150,000
150,000

Profit and loss account
  
1,248,863
1,239,319

  
1,398,863
1,389,319


Page 1

 
DOMINUS UK HOLDINGS LIMITED
REGISTERED NUMBER: 07746921
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 August 2023.



S S Ahluwalia
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Dominus UK Holdings Limited is a private company limited by shares and registered in England and Wales. The address of its principal place of business is 14A Shouldham Street, Marylebone, London, W1H 5FJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

The company provides management services for its business partners and revenue is recognised during the period in which the service has been provided and rights to income have been established.

Page 3

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Goodwill
-
2
years

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Land and buildings leasehold
-
5 years straight line
Fixtures and fittings
-
33.3% reducing balance
Office equipment
-
33.3% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income and retained earnings.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 4

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to or from related parties and investments in ordinary shares.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.10

Creditors

Short term creditors are measured at the transaction price.

 
2.11

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP, rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

 
2.12

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 5

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.13

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.14

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 35 (2021 - 20).

Page 6

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Intangible assets




Goodwill

£



Cost


At 1 January 2022
246,208



At 31 December 2022

246,208



Amortisation


At 1 January 2022
61,552


Charge for the year on owned assets
123,104



At 31 December 2022

184,656



Net book value



At 31 December 2022
61,552



At 31 December 2021
184,656



Page 7

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Tangible fixed assets





Land and buildings leasehold
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 January 2022
30,838
120,796
172,956
324,590


Additions
-
8,222
38,920
47,142



At 31 December 2022

30,838
129,018
211,876
371,732



Depreciation


At 1 January 2022
18,504
105,581
108,216
232,301


Charge for the year on owned assets
6,168
7,805
34,519
48,492



At 31 December 2022

24,672
113,386
142,735
280,793



Net book value



At 31 December 2022
6,166
15,632
69,141
90,939



At 31 December 2021
12,334
15,215
64,740
92,289

Page 8

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 January 2022
3



At 31 December 2022
3





7.


Debtors

2022
2021
£
£


Trade debtors
791,153
441,042

Amounts owed by group undertakings
226,116
144,239

Other debtors
413,314
221,380

Prepayments and accrued income
89,758
436,539

1,520,341
1,243,200



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
224,179
462,756

Amounts owed to group undertakings
200,002
2

Corporation tax
148,304
179,741

Other taxation and social security
1,070,864
555,430

Other creditors
31,332
170,329

Accruals
566,265
1,067,824

2,240,946
2,436,082


Page 9

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Deferred taxation




2022
2021


£

£






At beginning of year
14,276
7,149


Charged to profit or loss
3,934
7,127



At end of year
18,210
14,276

The provision for deferred taxation is made up as follows:

2022
2021
£
£


Accelerated capital allowances
18,210
14,276


10.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions totalling £7,567 (2021: £5,354) were payable to the fund at the reporting date and are included in creditors.


11.


Commitments under operating leases

At 31 December 2022 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
350,000
350,956

Later than 1 year and not later than 5 years
233,333
583,333

583,333
934,289

Page 10

 
DOMINUS UK HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

12.


Related party transactions

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies on the grounds that the group company is a wholly owned subsidary.
During the year the company provided management services of £7,082,794 (2021: £6,308,204) to companies under common control. At the balance sheet date amounts due by these companies totalled £1,173,406 (2021: £992,615), included within trade and other debtors.  
Included in other creditors are loans of £NIL (2021: £150,000) due to companies under common control. The loans are interest free and repayable on demand.
Included in other debtors are loans of £398,314 (2021: £NIL) due to companies under common control. The loans are interest free and repayable on demand.

 
Page 11