Registered number
11569827
Properties Domain Ltd
Filleted Accounts
30 September 2023
Properties Domain Ltd
Registered number: 11569827
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 111 181
Creditors: amounts falling due within one year 3 1,856 3,690
Net current assets 1,967 3,871
Total assets less current liabilities 1,967 3,871
Creditors: amounts falling due after more than one year 4 (5,375) (6,125)
Net liabilities (3,408) (2,254)
Capital and reserves
Called up share capital 2 2
Profit and loss account (3,410) (2,256)
Shareholder's funds (3,408) (2,254)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
F Bhutta
Director
Approved by the board on 22 January 2024
Properties Domain Ltd
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 750 750
Other creditors (2,606) (4,440)
(1,856) (3,690)
4 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,375 6,125
5 Other information
Properties Domain Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29 Merryfield Drive
Selsey
Chichester
PO20 0DN
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