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REGISTERED NUMBER: 05044095 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

DOMUS DEVELOPMENTS LONDON LTD

DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

DOMUS DEVELOPMENTS LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: M Carty
J Carty
M B Carty
M Carty





SECRETARY: J Carty





REGISTERED OFFICE: 11 Church Avenue
Farnborough
Hampshire
GU14 7AY





REGISTERED NUMBER: 05044095 (England and Wales)





ACCOUNTANTS: LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG

DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,286 24,108
Investment property 5 1,050,000 950,000
1,069,286 974,108

CURRENT ASSETS
Debtors 6 3,699 3,127
Cash at bank 3,140 942
6,839 4,069
CREDITORS
Amounts falling due within one year 7 797,161 815,566
NET CURRENT LIABILITIES (790,322 ) (811,497 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,964

162,611

PROVISIONS FOR LIABILITIES 44,328 20,064
NET ASSETS 234,636 142,547

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 118,518 66,323
Retained earnings 115,118 75,224
SHAREHOLDERS' FUNDS 234,636 142,547

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

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

The directors acknowledge their 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.

DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)

BALANCE SHEET - continued
31 JULY 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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





M Carty - Director


DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Domus Developments London Ltd 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 37,668
DEPRECIATION
At 1 August 2023 13,560
Charge for year 4,822
At 31 July 2024 18,382
NET BOOK VALUE
At 31 July 2024 19,286
At 31 July 2023 24,108

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 950,000
Revaluations 100,000
At 31 July 2024 1,050,000
NET BOOK VALUE
At 31 July 2024 1,050,000
At 31 July 2023 950,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2017 31,492
Valuation in 2021 (23,468 )
Valuation in 2022 50,000
Valuation in 2024 100,000
Cost 891,976
1,050,000

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 891,976 891,976

Investment property was valued on a fair value basis on 31 July 2024 by M & J Carty, directors and shareholders .

DOMUS DEVELOPMENTS LONDON LTD (REGISTERED NUMBER: 05044095)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,699 3,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 361 372
Taxation and social security 5,834 1,962
Other creditors 790,966 813,232
797,161 815,566

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023 66,323
Investment property rev'n 52,195

At 31 July 2024 118,518

9. RELATED PARTY DISCLOSURES

Letting fee income of £38,629 (2023 - £36,599) was received from M & J Properties, in which M & J Carty both have a beneficial interest.

No individual had ultimate control of the company during the period of these financial statements.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DOMUS DEVELOPMENTS LONDON LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Domus Developments London Ltd for the year ended 31 July 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Domus Developments London Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Domus Developments London Ltd and state those matters that we have agreed to state to the Board of Directors of Domus Developments London Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Domus Developments London Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Domus Developments London Ltd. You consider that Domus Developments London Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Domus Developments London Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LFM
Chartered Certified Accountants
The Stables
23b Lenten Street
Alton
Hampshire
GU34 1HG


29 January 2025