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Registered number: 03263736
Dome Assets Limited
Financial Statements
For The Year Ended 31 March 2024
C.Charles & Co Limited
Chartered Certified Accountants
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—6
Page 1
Statement of Financial Position
Registered number: 03263736
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,143,852 44,311,679
Investments 5 1,218,970 1,218,970
42,362,822 45,530,649
CURRENT ASSETS
Debtors 6 13,008,652 13,790,149
Cash at bank and in hand 150,022 140,429
13,158,674 13,930,578
Creditors: Amounts Falling Due Within One Year 7 (3,948,224 ) (2,926,372 )
NET CURRENT ASSETS (LIABILITIES) 9,210,450 11,004,206
TOTAL ASSETS LESS CURRENT LIABILITIES 51,573,272 56,534,855
Creditors: Amounts Falling Due After More Than One Year 8 (40,954,981 ) (46,787,685 )
NET ASSETS 10,618,291 9,747,170
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 8,262,032 8,262,032
Income Statement 2,356,159 1,485,038
SHAREHOLDERS' FUNDS 10,618,291 9,747,170
Page 1
Page 2
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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Frixos Nicos Kaimakamis
Director
20 January 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dome Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03263736 . The registered office is 51 The Grove, London, W5 5DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not provided
Fixtures & Fittings 15%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: NIL)
3 -
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 44,311,637 399 44,312,036
Additions 2,078,272 - 2,078,272
Disposals (5,246,057 ) - (5,246,057 )
As at 31 March 2024 41,143,852 399 41,144,251
Depreciation
As at 1 April 2023 - 357 357
Provided during the period - 42 42
As at 31 March 2024 - 399 399
Net Book Value
As at 31 March 2024 41,143,852 - 41,143,852
As at 1 April 2023 44,311,637 42 44,311,679
5. Investments
Unlisted
£
Cost
As at 1 April 2023 1,218,970
As at 31 March 2024 1,218,970
Provision
As at 1 April 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 1,218,970
As at 1 April 2023 1,218,970
Page 4
Page 5
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 102,091 194,907
Prepayments and accrued income 49,516 36,371
Other debtors 12,855,861 13,558,871
VAT 1,184 -
13,008,652 13,790,149
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,663,661 2,601,439
Other creditors 148,472 137,055
Taxation and social security 136,091 187,878
3,948,224 2,926,372
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 21,422,431 27,591,973
Other loans 19,532,550 19,195,712
40,954,981 46,787,685
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 27,591,973
Other Creditors - 19,195,712
9. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts - 27,591,973
Page 5
Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Reserves
Revaluation Reserve
£
As at 1 April 2023 8,262,032
As at 31 March 2024 8,262,032
Page 6