Company Registration No. 04024032 (England and Wales)
DOM Properties Limited
Unaudited accounts
for the year ended 30 June 2023
DOM Properties Limited
Unaudited accounts
Contents
DOM Properties Limited
Company Information
for the year ended 30 June 2023
Directors
D F O'Malley
N O'Malley
Company Number
04024032 (England and Wales)
Registered Office
26 Thornfield Road
Heaton Moor
Stockport
Cheshire
SK4 3JT
Accountants
Taylor Consultancy, Chartered Certified Accountants
Primary House
Spring Gardens
Macclesfield
Cheshire
SK10 2DX
DOM Properties Limited
Statement of financial position
as at 30 June 2023
Tangible assets
3,358
3,951
Investment property
3,367,875
3,367,875
Cash at bank and in hand
26,903
30,212
Creditors: amounts falling due within one year
(267,286)
(342,123)
Net current liabilities
(240,383)
(311,911)
Total assets less current liabilities
3,130,850
3,059,915
Creditors: amounts falling due after more than one year
(2,374,994)
(2,391,465)
Provisions for liabilities
Deferred tax
(167,381)
(167,493)
Net assets
588,475
500,957
Called up share capital
100
100
Profit and loss account
588,375
500,857
Shareholders' funds
588,475
500,957
For the year ending 30 June 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
D F O'Malley
Director
Company Registration No. 04024032
DOM Properties Limited
Notes to the Accounts
for the year ended 30 June 2023
DOM Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 04024032. The registered office is 26 Thornfield Road, Heaton Moor, Stockport, Cheshire, SK4 3JT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% per annum on a reducing balance basis
Computer equipment
15% per annum on a reducing balance basis
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
DOM Properties Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
4,056
5,856
9,912
At 30 June 2023
4,056
5,856
9,912
At 1 July 2022
3,953
2,008
5,961
Charge for the year
16
577
593
At 30 June 2023
3,969
2,585
6,554
At 30 June 2023
87
3,271
3,358
At 30 June 2022
103
3,848
3,951
Fair value at 1 July 2022
3,367,875
The valuations of investment properties were made as at 30 June 2011 on an open market by valuers appointed by the company's bankers. No depreciation is provided in respect of these properties.
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,480
6,600
Amounts owed to group undertakings and other participating interests
59,166
69,000
Taxes and social security
48,326
11,816
Other creditors
43,774
43,774
Loans from directors
80,589
182,342
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
2,311,229
2,317,700
Other creditors
63,765
73,765
Bank loans are secured by a charge over the companies investment properties
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
DOM Properties Limited
Notes to the Accounts
for the year ended 30 June 2023
9
Transactions with related parties
Mr D F O'Malley is a director and shareholder in both DOM Properties Limited and Nook Cafe Bar Limited.
During the year DOM Properties Limited charged Nook Cafe Bar Limited rents of £72,311 ( 2022 - £35,000 ).
At the balance sheet date DOM Properties Limited owed Nook Cafe Bar Limited £44,000 ( 2022 - £44,000 ). The loan is subject to interest at a commercial rate and repayable upon demand.
Mr D F O'Malley is a director and shareholder in both DOM Properties Limited and HOBO Enterprises Limited.
During the year DOM Properties Limited charged HOBO Enterprises Limited rents of £5,000 ( 2022 - £37,000 ).
At the balance sheet date DOM Properties Limited owed HOBO Enterprises Limited £15,166 ( 2022 - £25,000 ). The loan is subject to interest at a commercial rate and repayable upon demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).