Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity0false2023-01-010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12291025 2023-01-01 2023-12-31 12291025 2022-01-01 2022-12-31 12291025 2023-12-31 12291025 2022-12-31 12291025 c:Director2 2023-01-01 2023-12-31 12291025 d:CurrentFinancialInstruments 2023-12-31 12291025 d:CurrentFinancialInstruments 2022-12-31 12291025 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12291025 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12291025 d:ShareCapital 2023-12-31 12291025 d:ShareCapital 2022-12-31 12291025 d:RetainedEarningsAccumulatedLosses 2023-12-31 12291025 d:RetainedEarningsAccumulatedLosses 2022-12-31 12291025 c:FRS102 2023-01-01 2023-12-31 12291025 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12291025 c:FullAccounts 2023-01-01 2023-12-31 12291025 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12291025 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12291025









DOMINUS STRATFORD HOLDINGS UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DOMINUS STRATFORD HOLDINGS UK LIMITED
REGISTERED NUMBER: 12291025

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,120,567
4,120,567

Current assets
  

Debtors: amounts falling due within one year
 5 
10,147,922
8,914,085

Cash at bank and in hand
  
56,719
29,621

  
10,204,641
8,943,706

Creditors: amounts falling due within one year
 6 
(17,469,825)
(16,206,065)

Net current liabilities
  
 
 
(7,265,184)
 
 
(7,262,359)

Total assets less current liabilities
  
(3,144,617)
(3,141,792)

  

Net liabilities
  
(3,144,617)
(3,141,792)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(3,144,618)
(3,141,793)

  
(3,144,617)
(3,141,792)


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 profit and loss account 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 24 July 2024.

S S Ahluwalia
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
DOMINUS STRATFORD HOLDINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dominus Stratford Holdings UK 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

Exemption from preparing consolidated financial statements

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The company shows net current liabilities at the balance sheet date of £7,265,184. The company has received formal 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. 
Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from a minimal to full levels. Although the potential effects of the coronavirus pandemic can be modelled, it is very difficult to determine the assumptions that will prove to be most appropriate and therefore there is an element of doubt existing that cannot be quantified. 
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements, but with the proviso that a material uncertainty exists over the company’s future. 
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.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
DOMINUS STRATFORD HOLDINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

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 other third parties and related parties.


3.


Employees

The company has no employees other than the directors, who did not receive any remuneration (2022 - £NIL).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
4,120,567



At 31 December 2023
4,120,567




Page 3

 
DOMINUS STRATFORD HOLDINGS UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
10,145,922
8,912,085

Other debtors
2,000
2,000

10,147,922
8,914,085



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
18,225
19,665

Amounts owed to group undertakings
17,450,000
16,185,000

Accruals
1,600
1,400

17,469,825
16,206,065



7.


Related party transactions

Dominus Stratford Holdings UK Limited is a wholly owned subsidiary of Dominus Stratford Holdings Limited, a company incorporated in Jersey. The registered office address is 28 Esplanade, St Helier, Jersey, JE2 3QA.
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with wholly owned group companies.

 
Page 4