| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| DORMEUIL (UK) LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| DORMEUIL (UK) LIMITED |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| DORMEUIL (UK) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Windsor House |
| 40/41 Great Castle Street |
| London |
| W1W 8LU |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank | 6 |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Dormeuil (UK) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. |
| These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. |
| Going concern |
| The financial statements have been prepared on a going concern basis which means that the company can be expected to meet its liabilities as they fall due for a period of 12 months from the date of signing these financial statements. In assessing the appropriateness of the going concern basis of preparation the directors have taken into account the key risks of the business. The Directors have considered the company's business model and availability of cash resources and cite that the Company is profitable, is in a net asset position at the year end and has generated sufficient cash to meet its liabilities during the financial year. |
| Further, should the company require it, financial support could be provided from it's parent. Having undertaken this assessment the directors consider that the company will be able to meet its liabilities as they fall due for the foreseeable future and it is therefore appropriate to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover is the total amount receivable by the company excluding value added tax, in the ordinary course of its business for goods supplied and services provided. |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Tangible fixed assets |
| Leasehold property | - |
| Fixtures & fittings | - |
| Debtors |
| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
| Cash and cash equivalents |
| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
| Creditors |
| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
| Provisions for liabilities |
| Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. |
| Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. |
| Increases in provisions are generally charged as an expense to profit or loss. |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. |
| 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. |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| The company operates a defined benefit pension scheme, the Dormeuil London Retirement Benefit Scheme, which is closed to new members. Contributions payable to the scheme are agreed following each triennial actuarial valuation. The last actuarial valuation was in 2023 and which agreed a funding schedule to December 2030. The next actuarial valuation is due in 2026. |
| The assets and liabilities of the defined benefit pension scheme are held independently from the company by the trustees of the Dormeuil London Retirement Benefit Scheme. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Leasehold | Fixtures |
| property | & fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| and 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Amounts due from group undertakings | 74,323 | 3,671 |
| Prepayments and accrued income |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 6. | CASH AT BANK |
| 2024 | 2023 |
| £ | £ |
| Cash at bank | 51,352 | 28,935 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Amounts due to group |
| undertakings | 57,432 | 72,124 |
| Accruals and deferred income |
| 8. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Within one year |
| Between one and five years |
| 9. | PROVISIONS FOR LIABILITIES |
| 2024 | 2023 |
| £ | £ |
| Other provisions |
| Dilapidation provision | 25,000 | 25,000 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | PENSION COMMITMENTS |
| The company operates a defined benefit pension scheme, the Dormeuil London Retirement Benefit Scheme, which is closed to new members. The last actuarial valuation of the scheme in 2023 reported a funding shortfall of £195,000. The trustees and the employer agreed a payment schedule in 2024 comprising a one-off payment of £40,000 in February 2024, and £28,000 per annum payable in monthly instalments during the period ending December 2030. |
| In 2025 the trustees and the employer agreed an amendment to the payment schedule with a further one-off payment of £35,000 in February 2025. An accrual for this payment is included in the financial statements for the year ended 31 December 2024. |
| The shortfall will be reviewed in the next actuarial valuation report which is due in 2026. |
| DORMEUIL (UK) LIMITED (REGISTERED NUMBER: 00930546) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 12. | RELATED PARTY DISCLOSURES |
| The Company is exempt under the terms of Financial Reporting Standard 102 (FRS102) Section 33 paragraph 1A , from disclosing related party transactions with other group companies, on the grounds that the company is wholly owned within the group and the company is included in consolidated financial statements prepared by the group. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The Company's immediate parent undertaking is |
| In the directors' opinion the ultimate parent undertaking is France. Copies of the group financial statements, which include the company, are available from its registered office at Air Park Sud, 3 Avenue Jeanne Garnerin, 91320, Wissous Cedex, France. |