Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.0No description of principal activityfalse2023-04-010truetrue 12125188 2023-04-01 2024-03-31 12125188 2022-04-01 2023-03-31 12125188 2024-03-31 12125188 2023-03-31 12125188 c:Director1 2023-04-01 2024-03-31 12125188 d:CurrentFinancialInstruments 2024-03-31 12125188 d:CurrentFinancialInstruments 2023-03-31 12125188 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 12125188 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12125188 d:ShareCapital 2024-03-31 12125188 d:ShareCapital 2023-03-31 12125188 d:RetainedEarningsAccumulatedLosses 2024-03-31 12125188 d:RetainedEarningsAccumulatedLosses 2023-03-31 12125188 c:FRS102 2023-04-01 2024-03-31 12125188 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 12125188 c:FullAccounts 2023-04-01 2024-03-31 12125188 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 12125188









DOMINUS ROSS HOUSE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DOMINUS ROSS HOUSE LIMITED
REGISTERED NUMBER: 12125188

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
12,426,789
7,776,510

Debtors: amounts falling due within one year
 4 
28,486
936,557

Bank and cash balances
  
44,375
8,230

  
12,499,650
8,721,297

Creditors: amounts falling due within one year
 5 
(13,039,753)
(9,046,409)

Net current liabilities
  
 
 
(540,103)
 
 
(325,112)

Total assets less current liabilities
  
(540,103)
(325,112)

  

Net liabilities
  
(540,103)
(325,112)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(540,104)
(325,113)

  
(540,103)
(325,112)


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 income and retained earnings 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 on 29 July 2024.


S S Ahluwalia
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
DOMINUS ROSS HOUSE LIMITED
REGISTERED NUMBER: 12125188
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
DOMINUS ROSS HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Dominus Ross House Limited is a private company limited by shares and incorporated in England & Wales. The address of its principal place of business is 14A Shouldham Street, Marylebone, London, W1H 5FJ.

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 company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company shows net current liabilities at the balance sheet date of £540,103. The company has received confirmation from its shareholders that the company will receive the financial support it requires to enable it to meet its liabilities as they fall due. Based on this assurance, the directors consider it appropriate to prepare the financial statements on a going concern basis.
In making their assessment of going concern, the directors have considered information for a period of at least twelve months from the date the financial statements were authorised for issue.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue represents income from property development services and is recognised on completion of service.

 
2.4

Stocks

Stock consists of land and work in progress and are valued at the lower of cost and net realisable value. Cost includes the purchase of sites, the cost of infrastructure and construction works, and legal and professional fees incurred during development prior to sale. Net realisable value is estimated based upon the future expected selling price, less estimated costs to sell.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 3

 
DOMINUS ROSS HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

Creditors

Short term creditors are measured at the transaction price. 

 
2.8

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 other third parties and related parties.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).


4.


Debtors

2024
2023
£
£


Trade debtors
-
936,499

Other debtors
25,976
58

Prepayments
2,510
-

28,486
936,557



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
354,673
305,905

Amounts owed to group undertakings
10,907,011
6,890,298

Other taxation and social security
-
18,706

Other creditors
1,776,569
1,830,000

Accruals
1,500
1,500

13,039,753
9,046,409


Page 4

 
DOMINUS ROSS HOUSE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Related party transactions

Dominus Ross House Limited is a wholly owned subsidiary of Dominus Church Street Limited, a company incorporated in Jersey.
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with group companies on the grounds that the company is a wholly owned subsidiary.

 
Page 5