Silverfin false false 30/06/2024 01/07/2023 30/06/2024 Alexander James Corbett 01/03/2019 Nicola Francesca Corbett 01/03/2019 24 December 2024 The principal activity of the Company during the financial year was that of renting their own real estate. 11855239 2024-06-30 11855239 bus:Director1 2024-06-30 11855239 bus:Director2 2024-06-30 11855239 2023-06-30 11855239 core:CurrentFinancialInstruments 2024-06-30 11855239 core:CurrentFinancialInstruments 2023-06-30 11855239 core:ShareCapital 2024-06-30 11855239 core:ShareCapital 2023-06-30 11855239 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 11855239 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 11855239 core:RetainedEarningsAccumulatedLosses 2024-06-30 11855239 core:RetainedEarningsAccumulatedLosses 2023-06-30 11855239 2023-07-01 2024-06-30 11855239 bus:FilletedAccounts 2023-07-01 2024-06-30 11855239 bus:SmallEntities 2023-07-01 2024-06-30 11855239 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 11855239 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 11855239 bus:Director1 2023-07-01 2024-06-30 11855239 bus:Director2 2023-07-01 2024-06-30 11855239 2022-07-01 2023-06-30 11855239 core:CurrentFinancialInstruments 2023-07-01 2024-06-30 11855239 1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 11855239 (England and Wales)

DOLUMI LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

DOLUMI LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

DOLUMI LIMITED

BALANCE SHEET

As at 30 June 2024
DOLUMI LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 291,000 291,000
291,000 291,000
Current assets
Debtors 4 625 0
Cash at bank and in hand 146,904 137,191
147,529 137,191
Creditors: amounts falling due within one year 5 ( 307,080) ( 308,051)
Net current liabilities (159,551) (170,860)
Total assets less current liabilities 131,449 120,140
Provision for liabilities 6 ( 21,128) ( 21,128)
Net assets 110,321 99,012
Capital and reserves
Called-up share capital 3 3
Fair value reserve 63,383 63,382
Profit and loss account 46,935 35,627
Total shareholder's funds 110,321 99,012

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dolumi Limited (registered number: 11855239) were approved and authorised for issue by the Board of Directors on 24 December 2024. They were signed on its behalf by:

Alexander James Corbett
Director
DOLUMI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
DOLUMI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dolumi Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lower Silton Cottage, Lower Silton, Gillingham, SP8 5AQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net current liabilities of £160,373. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents amounts receivable for the rent of the company's investment property. Income is recognised when there is a right to consideration, and is recorded at the value of the consideration due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
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 financial statements. 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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors and derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade and other 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade and other creditors 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 and other creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 291,000
As at 30 June 2024 291,000

Valuation

The company’s investment property was revalued on 30 June 2023 by the directors on a current open market basis. The fair value of investment property has not materially changed since 30 June 2023 and therefore no further revaluation is required.

There has been no valuation of investment property by an independent valuer.

The deferred tax attributable to the investment property has been considered and £21,128 (2023 - £21,128) has been provided for in the financial statements.

4. Debtors

2024 2023
£ £
Other debtors 625 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 1,405
Amounts owed to Group undertakings 302,288 302,288
Taxation and social security 3,438 3,303
Other creditors 1,354 1,055
307,080 308,051

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

6. Provision for liabilities

2024 2023
£ £
Deferred tax 21,128 21,128

7. Related party transactions

Transactions with the entity's directors

Advances

The Director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

There have been no further advances to the director during the current financial year ending 30 June 2024.

At 1 July 2022, the balance owed by the director was £1,853. During the year, £Nill was advanced to the director, and £1,853 was repaid by the director. At 30 June 2023, the balance owed by the director was £Nill.

8. Ultimate controlling party

The company's immediate parent is Midolu Limited, incorporated in England and Wales. Its registered office address is Lower Silton Cottage, Lower Silton, Gillingham, Dorset, SP8 5AQ.

These financial statements are available upon request from Companies House, Cardiff.