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Registration number: 00400159

Dominium Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Dominium Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Dominium Limited

Company Information

Directors

Mrs J M Lee

Mr M R Lee

Company secretary

Mr M R Lee

Registered office

34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF

 

Dominium Limited

(Registration number: 00400159)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

290,000

440,000

Other financial assets

5

362,947

368,084

 

652,947

808,084

Current assets

 

Debtors

6

2,327

2

Cash at bank and in hand

 

197,739

43,248

 

200,066

43,250

Creditors: Amounts falling due within one year

7

(19,435)

(21,307)

Net current assets

 

180,631

21,943

Net assets

 

833,578

830,027

Capital and reserves

 

Called up share capital

8

10,000

10,000

Revaluation reserve

54,807

64,639

Retained earnings

768,771

755,388

Shareholders' funds

 

833,578

830,027

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Dominium Limited

(Registration number: 00400159)
Balance Sheet as at 31 March 2023

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 November 2023 and signed on its behalf by:
 

.........................................
Mrs J M Lee
Director

 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Boulevard
Weston-super-Mare
Somerset
BS23 1NF
United Kingdom

The principal place of business is:
14 Richmond Place
Lansdown
Bath
BA1 5PZ
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable from investment activities in the ordinary course of the company’s business. Turnover is shown net of sales, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate as determined by the director. Changes in fair value are recognised in the profit and loss account.

Investments

Fixed assets investments are shown at their current ascertainable market value as at the balance sheet date and are reviewed every year.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 April 2022

440,000

Disposals

(150,000)

At 31 March 2023

290,000

 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Investment properties (continued)

The investment properties have been valued during the year by the director. The director is satisfied the net book value at the year end is a true and fair reflection of the open market value.

The carrying value of the investment properties if shown at cost would be £240,420 (2022 - £413,082).

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

368,084

368,084

Additions

437,589

437,589

Disposals

(447,952)

(447,952)

Fair value adjustments

5,226

5,226

At 31 March 2023

362,947

362,947

Carrying amount

At 31 March 2023

362,947

362,947

If the company's fixed asset investments had not been revalued, they would have a carrying cost of £357,720 (2022 - £353,026).

 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Debtors

Current

2023
£

2022
£

Other debtors

2,327

2

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

2,173

-

Taxation and social security

2,449

4,455

Accruals and deferred income

8,340

13,375

Other creditors

6,473

3,477

19,435

21,307

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         
 

Dominium Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Retained earnings
£

Surplus/deficit on revaluation of other assets

(9,832)

9,832

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Retained earnings
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(77,338)

-

(77,338)

Surplus/deficit on revaluation of other assets

(2,358)

79,696

77,338

(79,696)

79,696

-