1 April 2023 v2024.64.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP147355822023-04-012024-03-31147355822024-03-3114735582core:WithinOneYear2024-03-3114735582core:AfterOneYear2024-03-3114735582core:RetainedEarningsAccumulatedLosses2024-03-3114735582bus:Director12023-04-012024-03-3114735582bus:RegisteredOffice2023-04-012024-03-3114735582core:LandBuildings2023-04-012024-03-3114735582core:LandBuildings2024-03-311473558212023-04-012024-03-3114735582countries:EnglandWales2023-04-012024-03-3114735582bus:AuditExemptWithAccountantsReport2023-04-012024-03-3114735582bus:PrivateLimitedCompanyLtd2023-04-012024-03-3114735582bus:SmallEntities2023-04-012024-03-3114735582bus:FullAccounts2023-04-012024-03-31
Company registration number:
14735582
Domalia Surrey Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2024
Domalia Surrey Limited
Statement of Financial Position
31 March 2024
2024
Note£
Fixed assets  
Tangible assets 5
338,160
 
Creditors: amounts falling due within one year 6
(960
)
Net current liabilities
(960
)
Total assets less current liabilities 337,200  
Creditors: amounts falling due after more than one year 7
(339,527
)
Net liabilities
(2,327
)
Capital and reserves  
Profit and loss account
(2,327
)
Shareholders deficit
(2,327
)
For the year ending
31 March 2024
, 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 November 2024
, and are signed on behalf of the board by:
Mr S Piazza
Director
Company registration number:
14735582
Domalia Surrey Limited
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 6
,
Park Court
,
Pyford Road, West Byfleet
,
Surrey
,
KT14 6SD
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will continue to operate for the foreseeable future.
The going concern basis of accounting is dependent on the continued financial support of the ultimate holding company, Domalia UK Limited.
The directors have received confirmation from the ultimate holding company of its intention to continue to provide financial support as needed. Based on this assurance, the directors believe that the Company will have sufficient resources to meet its liabilities as they fall due for at least 12 months from the date of signing these financial statements.
However, it is important to note that the financial statements do not reflect any adjustments that may be required if the ultimate holding company were unable or unwilling to provide this support. Such adjustments could include, but are not limited to, the reclassification of assets, recognition of additional liabilities, and revisions to asset valuations.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
.

5 Tangible assets

Land and buildings
£
Cost  
At
1 April 2023
-  
Additions
338,160
 
At
31 March 2024
338,160
 
Depreciation  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
338,160
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Additions
338,160
 
Carrying amount at
31 March 2024
338,160
 

6 Creditors: amounts falling due within one year

2024
£
Other creditors
960
 

7 Creditors: amounts falling due after more than one year

2024
£
Other creditors
339,527
 
The other creditors includes a loan from the Ultimate Holding Company, Domalia UK Limited, and is repayable by April 2033