Partum Domus Ltd 11613805 Residential property development false 1 November 2022 11613805 2022-11-01 2023-10-31 11613805 2022-10-31 11613805 2023-10-31 11613805 2021-11-01 2022-10-31 11613805 2021-10-31 11613805 2022-10-31 11613805 frs102-bus:Micro-entities 2022-11-01 2023-10-31 11613805 frs102-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 11613805 frs102-bus:FullAccounts 2022-11-01 2023-10-31 11613805 frs102-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 11613805 frs102-core:CurrentFinancialInstruments 2023-10-31 11613805 frs102-core:CurrentFinancialInstruments 2022-10-31 11613805 frs102-bus:Director1 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
11613805
Partum Domus Ltd
Unaudited Accounts
for the year ended
31 October 2023
Partum Domus Ltd
Balance Sheet
as at 31 October 2023

2023
£
2022
£
Fixed assets 1,407,270 1,407,270
Creditors: amounts falling due within one year (1,550,783) (1,593,768)
Net current assets / (liabilities) (1,550,783) (1,593,768)
Total assets less current liabilities (143,513) (186,498)
Total net assets (liabilities) (143,513) (186,498)
Capital and reserves (143,513) (186,498)



.
During the period the average number of employees was 0 (2022: 0).
Forgiveness of Debt During the current financial year, the parent company has agreed to forgive a portion of the outstanding loan and write off $45,000. This follows a prior year’s forgiveness, where an amount of $200,000 was written off. The decision to forgive these debts was made after assessing our financial condition and determining that the likelihood of full repayment was low, thus considering these amounts as bad debts. The forgiven debt from the prior year totaling $200,000 and the current year's amount of $45,000 have both been recognized in our financial statements as other income for the current year. This action has resulted in a direct decrease in our liabilities and a corresponding increase in our income for the year, reflecting an improvement in our net financial position. The income recognized under these adjustments is non-recurring and pertains solely to the financial support provided by our parent company in their capacity as a lender. The recognition of these incomes is in accordance with the accounting principles that require the effects of debt forgiveness to be reflected in the profit and loss statement when it is probable that the debt will not be settled and has effectively been written off as uncollectible by the creditor.
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105, the Financial Reporting Standard applicable to the Micro-entities Regime, and the micro-entity provisions of the Companies Act 2006. The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

Signed on behalf of the board of directors

...................................................

Mr V Karatosic

Director

Approved by the board on 1 June 2024

Company Number: 11613805 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

124 City Road
124 City Road
London
EC1V 2NX
England