Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-04-01falseproperty investment2true 10776237 2022-04-01 2023-03-31 10776237 2021-04-01 2022-03-31 10776237 2023-03-31 10776237 2022-03-31 10776237 2021-04-01 10776237 c:Director1 2022-04-01 2023-03-31 10776237 c:Director2 2022-04-01 2023-03-31 10776237 d:FurnitureFittings 2022-04-01 2023-03-31 10776237 d:FurnitureFittings 2023-03-31 10776237 d:FurnitureFittings 2022-03-31 10776237 d:LeaseholdInvestmentProperty 2023-03-31 10776237 d:LeaseholdInvestmentProperty 2022-03-31 10776237 d:CurrentFinancialInstruments 2023-03-31 10776237 d:CurrentFinancialInstruments 2022-03-31 10776237 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10776237 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10776237 d:ShareCapital 2023-03-31 10776237 d:ShareCapital 2022-03-31 10776237 d:ShareCapital 2021-04-01 10776237 d:RevaluationReserve 2023-03-31 10776237 d:RevaluationReserve 2022-03-31 10776237 d:RevaluationReserve 2021-04-01 10776237 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 10776237 d:RetainedEarningsAccumulatedLosses 2023-03-31 10776237 d:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 10776237 d:RetainedEarningsAccumulatedLosses 2022-03-31 10776237 d:RetainedEarningsAccumulatedLosses 2021-04-01 10776237 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10776237 c:OrdinaryShareClass1 2023-03-31 10776237 c:FRS102 2022-04-01 2023-03-31 10776237 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10776237 c:FullAccounts 2022-04-01 2023-03-31 10776237 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10776237 2 2022-04-01 2023-03-31 10776237 e:PoundSterling 2022-04-01 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10776237










AF DOMUM LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
AF DOMUM LTD
REGISTERED NUMBER: 10776237

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
1,680,000
1,680,000

Current assets
  

Debtors: amounts falling due within one year
 6 
2,196
2,074

Cash at bank and in hand
  
3,290
3,494

  
5,486
5,568

Creditors: amounts falling due within one year
 7 
(1,734,314)
(1,746,756)

Net current liabilities
  
 
 
(1,728,828)
 
 
(1,741,188)

  

Net liabilities
  
(48,828)
(61,188)


Capital and reserves
  

Called up share capital 
 8 
200
200

Investment property fair value reserve
  
(76,598)
(76,598)

Profit and loss account
  
27,570
15,210

  
(48,828)
(61,188)


Page 1

 
AF DOMUM LTD
REGISTERED NUMBER: 10776237

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

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 comprehensive income 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 by: 




E T Chan
A S Y Lee
Director
Director


Date: 17 March 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 
AF DOMUM LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Investment property farir value reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2021
200
(76,598)
1,726
(74,672)


Comprehensive income for the year

Profit for the year
-
-
13,484
13,484



At 1 April 2022
200
(76,598)
15,210
(61,188)


Comprehensive income for the year

Profit for the year
-
-
12,360
12,360


At 31 March 2023
200
(76,598)
27,570
(48,828)


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

AF Domum Ltd is a private company, limited by shares, and is incorporated in England and Wales. The address of its registered office is 501 Halliday House, 2 Circus Road West, London, SW11 8EY.

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

Going concern

The financial statements have been prepared on the going concern basis, which assumes that the Company will continue in operation for the foreseeable future. The Company is reliant upon a revolving credit facility with its bank and information borrowing fro its directors, their related entities and other parties.
The directors who are the Company's major creditors, shall continue to make available such funds as are needed by the Company and, in particular, will not seek repayment of the amounts currently made available to the detriment of the Company.
Based upon this, and that the directors consider that the Company's revolving credit facility shall continue to be made available to the Company, the directors believe that the Company will have sufficient resources to enable it to continue in operation for a period of at least twelve months from the date of approval of these financial statements.
Therefore the directors continue to consider it appropriate to prepare the financial statements on a going concern basis.

Page 4

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

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 except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Turnover represents rents receivable during the year from investment properties recognised evenly over the lease agreement with its tenants.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

Page 5

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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:

Fixtures and fittings
-
25%
straight-line

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 profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

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 related parties.

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. 
Page 6

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)


Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2022
13,057



At 31 March 2023

13,057



Depreciation


At 1 April 2022
13,057



At 31 March 2023

13,057



Net book value



At 31 March 2023
-



At 31 March 2022
-

Page 7

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 April 2022
1,680,000



At 31 March 2023
1,680,000

The 2023 valuations were made by by the directors, on a fair value for existing use basis.



At 31 March 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,756,598
1,756,598


6.


Debtors

2023
2022
£
£


Other debtors
1,126
1,268

Prepayments and accrued income
1,070
806

2,196
2,074


Page 8

 
AF DOMUM LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
464,080
513,375

Corporation tax
2,899
3,163

Other creditors
1,257,377
1,222,727

Accruals and deferred income
9,958
7,491

1,734,314
1,746,756


Secured loans
The aggregate amount of creditors for which security has been given amounted to £464,080 (2022 - £513,375) and are secured by legar charges on the Company's investment properties and from person guarantees given by the Company's shareholders and directors.


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 Ordinary shares of £1 each
200
200



9.


Related party transactions

The following sums were due to the categories of related parties stated:-


2023
2022
£
£

Entity in which one of the directors has a material interest
709,781
693,706
Directors
355,333
336,760
1,065,114
1,030,466


Page 9