IRIS Accounts Production v24.1.4.33 03346316 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 0 0 true false true false false true false 48155 61437 155522 145684 180000 158966 23677 48155 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033463162022-12-31033463162023-12-31033463162023-01-012023-12-31033463162021-12-31033463162022-01-012022-12-31033463162022-12-3103346316ns15:EnglandWales2023-01-012023-12-3103346316ns14:PoundSterling2023-01-012023-12-3103346316ns10:Director12023-01-012023-12-3103346316ns10:Director22023-01-012023-12-3103346316ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103346316ns10:SmallEntities2023-01-012023-12-3103346316ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103346316ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103346316ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103346316ns10:FullAccounts2023-01-012023-12-310334631642ns10:Director22022-12-310334631642ns10:Director22021-12-310334631642ns10:Director22023-01-012023-12-310334631642ns10:Director22022-01-012022-12-310334631642ns10:Director22023-12-310334631642ns10:Director22022-12-3103346316ns10:RegisteredOffice2023-01-012023-12-3103346316ns5:CurrentFinancialInstruments2023-12-3103346316ns5:CurrentFinancialInstruments2022-12-3103346316ns5:ShareCapital2023-12-3103346316ns5:ShareCapital2022-12-3103346316ns5:RetainedEarningsAccumulatedLosses2023-12-3103346316ns5:RetainedEarningsAccumulatedLosses2022-12-3103346316ns5:CostValuation2022-12-3103346316ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103346316ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31033463161ns10:Director12022-12-31033463161ns10:Director12021-12-31033463161ns10:Director12023-01-012023-12-31033463161ns10:Director12022-01-012022-12-31033463161ns10:Director12023-12-31033463161ns10:Director12022-12-31
REGISTERED NUMBER: 03346316 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAMIANOS HOLDINGS LIMITED

DAMIANOS HOLDINGS LIMITED (REGISTERED NUMBER: 03346316)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


DAMIANOS HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr D Damianos
Mrs T Damianos





REGISTERED OFFICE: 1-3 Georges Road
London
N7 8HD





REGISTERED NUMBER: 03346316 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

DAMIANOS HOLDINGS LIMITED (REGISTERED NUMBER: 03346316)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 443,002 443,002

CURRENT ASSETS
Debtors 5 1,304,529 1,339,332
Cash at bank 20 155
1,304,549 1,339,487
CREDITORS
Amounts falling due within one year 6 27,242 7,870
NET CURRENT ASSETS 1,277,307 1,331,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,720,309

1,774,619

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,719,309 1,773,619
SHAREHOLDERS' FUNDS 1,720,309 1,774,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:




Mr D Damianos - Director



Mrs T Damianos - Director


DAMIANOS HOLDINGS LIMITED (REGISTERED NUMBER: 03346316)

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

1. STATUTORY INFORMATION

Damianos Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FIXED ASSET INVESTMENTS
Investments are stated at cost less impairment losses. Where an indication of impairment exists, the carrying amount of the investment is assessed and written down immediately to its recoverable amount.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 443,002
NET BOOK VALUE
At 31 December 2023 443,002
At 31 December 2022 443,002

DAMIANOS HOLDINGS LIMITED (REGISTERED NUMBER: 03346316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 1,280,852 1,291,176
Other debtors 23,677 48,156
1,304,529 1,339,332

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 24,999 5,999
Other creditors 2,243 1,871
27,242 7,870

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D Damianos and Mrs T Damianos
Balance outstanding at start of year 48,155 61,437
Amounts advanced 155,522 145,684
Amounts repaid (180,000 ) (158,966 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,677 48,155

During the year, interest amounting to £442 (2022: £647) was charged on overdrawn directors' loan account.The loan was repaid within nine months of the year end.

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

The company was under the control of its directors and shareholders Mr. D Damianos and Mrs T Damianos, throughout the year under review.