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REGISTERED NUMBER: 02124246 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DOMAIN LIMITED

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DOMAIN LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: D Thomas





SECRETARY: J Grover-Thomas





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 02124246 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 851 1,264
Investment property 5 787,000 787,000
787,851 788,264

CURRENT ASSETS
Debtors 6 426,894 416,672
Cash at bank 6,953 46,369
433,847 463,041
CREDITORS
Amounts falling due within one year 7 (74,454 ) (120,286 )
NET CURRENT ASSETS 359,393 342,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,244

1,131,019

CREDITORS
Amounts falling due after more than one
year

8

(167,192

)

(177,419

)

PROVISIONS FOR LIABILITIES 10 (4,758 ) (5,600 )
NET ASSETS 975,294 948,000

CAPITAL AND RESERVES
Called up share capital 11 2 2
Non-distributable reserves 359,005 359,730
Retained earnings 616,287 588,268
SHAREHOLDERS' FUNDS 975,294 948,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 22 November 2024 and were signed by:





D Thomas - Director


DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Domain 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts. Fee and commission income is recognised as and when the service is provided. Rental income is recognised over the period to which it relates.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Plant & machinery-25% on reducing balance
Fixtures & fittings-25% on reducing balance
Computer equipment-straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,374 4,478 5,602 11,454
DEPRECIATION
At 1 April 2023 1,191 3,785 5,214 10,190
Charge for year 46 173 194 413
At 31 March 2024 1,237 3,958 5,408 10,603
NET BOOK VALUE
At 31 March 2024 137 520 194 851
At 31 March 2023 183 693 388 1,264

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 787,000
NET BOOK VALUE
At 31 March 2024 787,000
At 31 March 2023 787,000

Investment properties were valued on an open market basis on 31 March 2024 by the director.

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,555 20,847
Other debtors 417,339 395,825
426,894 416,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,672 23,020
Trade creditors 339 -
Taxation and social security 18,815 26,283
Other creditors 30,628 70,983
74,454 120,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 167,192 177,419

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 68,505 85,338

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 191,864 200,439

The company's bankers have a fixed and floating charge over the company and all of its present and future assets.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,758 5,600

DOMAIN LIMITED (REGISTERED NUMBER: 02124246)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 5,600
Accelerated capital allowances (116 )
Investment property valuation (726 )
Balance at 31 March 2024 4,758

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
D Thomas
Balance outstanding at start of year (45,239 ) (121,458 )
Amounts advanced 71,980 105,890
Amounts repaid (21,345 ) (29,671 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,396 (45,239 )

The loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

Domain Investments Limited

Mr D Thomas is a director of the above company.

At 31 March 2024, Domain Investments Limited owed the company £396,341 (2023 - £394,341).