Company Registration No. 09753222 (England and Wales)
DOME CREATIVE DEVELOPMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
PAGES FOR FILING WITH REGISTRAR
DOME CREATIVE DEVELOPMENT LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
DOME CREATIVE DEVELOPMENT LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Investments
4
4,947,712
4,947,712
Current assets
Debtors
6
397,574
333,791
Cash at bank and in hand
216,986
264,627
614,560
598,418
Creditors: amounts falling due within one year
7
(5,524,591)
(5,520,737)
Net current liabilities
(4,910,031)
(4,922,319)
Net assets
37,681
25,393
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
37,680
25,392
Total equity
37,681
25,393

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has 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.

The financial statements were approved and signed by the director and authorised for issue on 20 November 2023
C Demole
Director
Company registration number 09753222 (England and Wales)
DOME CREATIVE DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information

Dome Creative Development Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Bonhill Street, London, EC2A 4DJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with 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 disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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 on the historical cost convention except for the modification to a fair value basis for certain financial instruments as specified in the accounting policies below.

1.2
Going concern

The company is dependent on loans from related parties who have undertaken to support the company for the foreseeable future. They further confirmed that the repayment of the loans would not be requested until such time as the company has sufficient funds.

 

Accordingly the director has concluded that the company can continue to adopt the going concern basis in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Cash and cash equivalents

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.

DOME CREATIVE DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. It only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

 

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method less any impairment.

 

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or the risks and rewards of ownership are transferred.

 

Basic financial Liabilities

Basic financial liabilities, including trade and other payables are initially recognised at transaction price.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.6
Equity instruments

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2022
2021
Number
Number
Total
-
0
-
0
DOME CREATIVE DEVELOPMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
4
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
4,947,712
4,947,712
5
Subsidiaries

Details of the company's subsidiaries at 31 December 2022 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Dôme Project Interiors SARL
Switzerland
Ordinary
100.00
Riverbourne Limited
Guernsey
Ordinary
100.00
6
Debtors
2022
2021
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
397,574
333,791

Included in Amounts owed by group undertakings is interest receivable at 5% per annum of £49,011 (2021: £33,278). These are unsecured and repayable on 28 October 2024.

7
Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
2,913
2,913
Other creditors
5,521,678
5,517,824
5,524,591
5,520,737

Other creditors include £5,514,524 (2021: £5,514,524) owing to the director and connected parties. This is unsecured, interest-free and repayable on demand.

2022-12-312022-01-01false20 November 2023CCH SoftwareCCH Accounts Production 2023.200No description of principal activityDemole09753222097532222022-01-012022-12-31097532222022-12-31097532222021-12-3109753222core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3109753222core:CurrentFinancialInstrumentscore:WithinOneYear2021-12-3109753222core:CurrentFinancialInstruments2022-12-3109753222core:CurrentFinancialInstruments2021-12-3109753222core:ShareCapital2022-12-3109753222core:ShareCapital2021-12-3109753222core:RetainedEarningsAccumulatedLosses2022-12-3109753222core:RetainedEarningsAccumulatedLosses2021-12-3109753222bus:Director12022-01-012022-12-31097532222021-01-012021-12-3109753222core:Non-currentFinancialInstruments2022-12-3109753222core:Non-currentFinancialInstruments2021-12-3109753222bus:PrivateLimitedCompanyLtd2022-01-012022-12-3109753222bus:SmallCompaniesRegimeForAccounts2022-01-012022-12-3109753222bus:FRS1022022-01-012022-12-3109753222bus:AuditExemptWithAccountantsReport2022-01-012022-12-3109753222bus:FullAccounts2022-01-012022-12-31xbrli:purexbrli:sharesiso4217:GBP