Domus Capital Investments Limited 09768298 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Development of building projects Digita Accounts Production Advanced 6.30.9574.0 true false 09768298 2023-01-01 2023-12-31 09768298 2023-12-31 09768298 bus:OrdinaryShareClass1 2023-12-31 09768298 core:CurrentFinancialInstruments 2023-12-31 09768298 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09768298 core:Non-currentFinancialInstruments 2023-12-31 09768298 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 09768298 core:CostValuation 2023-12-31 09768298 bus:SmallEntities 2023-01-01 2023-12-31 09768298 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09768298 bus:FullAccounts 2023-01-01 2023-12-31 09768298 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09768298 bus:RegisteredOffice 2023-01-01 2023-12-31 09768298 bus:Director2 2023-01-01 2023-12-31 09768298 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09768298 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09768298 countries:England 2023-01-01 2023-12-31 09768298 core:CostValuation 2022-12-31 09768298 2022-01-01 2022-12-31 09768298 2022-12-31 09768298 bus:OrdinaryShareClass1 2022-12-31 09768298 core:CurrentFinancialInstruments 2022-12-31 09768298 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09768298 core:Non-currentFinancialInstruments 2022-12-31 09768298 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09768298

Domus Capital Investments Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Domus Capital Investments Limited

(Registration number: 09768298)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

1,601,538

1,601,538

Current assets

 

Debtors

5

22,500

60,000

Cash at bank and in hand

 

78,941

51,217

 

101,441

111,217

Creditors: Amounts falling due within one year

6

(948,315)

(953,880)

Net current liabilities

 

(846,874)

(842,663)

Total assets less current liabilities

 

754,664

758,875

Creditors: Amounts falling due after more than one year

6

(612,000)

(624,000)

Net assets

 

142,664

134,875

Capital and reserves

 

Called up share capital

8

99

99

Profit and loss account

142,565

134,776

Shareholders' funds

 

142,664

134,875

 

Domus Capital Investments Limited

(Registration number: 09768298)
Balance Sheet as at 31 December 2023

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2024 and signed on its behalf by:
 


Miss A A Tasou
Director

   
 

Domus Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
95 Rosebery Road
Muswell Hill
London
N10 2LD

Registration number: 09768298

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Domus Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less a provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Domus Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 3 (2022 - 3).

4

Investments

2023
£

2022
£

Investments in subsidiaries

1,601,538

1,601,538

Subsidiaries

£

Cost

At 1 January 2023

1,601,538

At 31 December 2023

1,601,538

Carrying amount

At 31 December 2023

1,601,538

At 31 December 2022

1,601,538

5

Debtors

2023
£

2022
£

Trade debtors

22,500

-

Amounts owed by associated companies

-

60,000

 

22,500

60,000

 

Domus Capital Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

12,000

12,000

Amounts due to group undertakings

913,235

913,235

Social security and other taxes

 

1,858

10,823

Other creditors

 

21,222

17,822

 

948,315

953,880

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

612,000

624,000

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

12,000

12,000

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

612,000

624,000



Bank borrowings
The bank loan is wholly repayable within five years and is secured by debenture on the company's assets. There is also an unlimited guarantee supported by legal charges by the company's subsidiary company and a guarantee of £90,000 by one of the directors of that company.

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

99

99

99

99