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Registered number: 08503940
DOMINUS STRATFORD LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024
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DOMINUS STRATFORD LIMITED
REGISTERED NUMBER: 08503940
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 September 2025.
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DOMINUS STRATFORD LIMITED
REGISTERED NUMBER: 08503940
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024
The notes on pages 4 to 8 form part of these financial statements.
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DOMINUS STRATFORD LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Total transactions with owners
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Comprehensive income for the year
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Deficit on revaluation of other fixed assets
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Total comprehensive income for the year
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Total transactions with owners
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The notes on pages 4 to 8 form part of these financial statements.
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The share premium reserve records the amount above the nominal value received for shares issued, less transaction costs.
This revaluation reserve is used to record increases in the fair value of land and buildings and decreases to the extent that such decrease relates to a prior increase on the same asset.
The profit and loss account represents cumulative profits or losses, net of dividends paid, and any other adjustments.
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DOMINUS STRATFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Dominus Stratford Limited is a private company limited by shares and incorporated in England and Wales. The address of its principal place of business is 14A Shouldham Street, Marylebone, London, W1H 5FJ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The company's functional and presentational currency is GBP, rounded to the nearest £1.
The following principal accounting policies have been applied:
The company shows net current liabilities at the balance sheet date of £20,991,995. Existing funding facilities, forecasts and projections indicate that the company has adequate resources to continue with some level of activity from minimal to full levels.
The company has received formal confirmation from its shareholder Dominus Stratford Holdings Limited that the company will receive the financial support it requires to enable it to meet its liabilities as they fall due.
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
In making their assessment of going concern, the directors have considered information for a period of at least twelve months from the date the financial statements were authorised for issue.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental income
Properties are leased to tenants under short term operating leases. The rental income receivable under these leases is recognised through profit or loss on a straight-line basis over the term of the lease. Any rental income received relating to a future period is deferred.
Interest income is recognised in profit or loss using the effective interest method.
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DOMINUS STRATFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2.Accounting policies (continued)
Borrowing costs which are directly attributable to the construction or production of qualifying tangible fixed assets are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is provided on the following basis:
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Assets under construction
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Not depreciated until brought into use
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Revaluation of tangible fixed assets
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Assets under construction are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.
Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
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.
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DOMINUS STRATFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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The company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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Assets under construction
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Capitalised borrowing costs of £881,419 are included in assets under construction additions during the year.
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Cost or valuation at 31 December 2024 is as follows:
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Assets under construction
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Assets under construction substantially consist of land and buildings and were previously professionally valued on 23 January 2025 on the basis of market value (residual value). The valuation was prepared by Cushman and Wakefield in accordance with the requirements of The Royal Institution of Chartered Surveyors (RICS) Valuation - Global Standards, which incorporate the International Valuation Standards and the RICS UK national supplement (the "RICS Red Book"). The directors have considered the fair value of the property at 31 December 2024 taking into consideration the condition of the asset due to the work in progress at the year end and do not consider the value to be materially different from the valuation prepared by Cushman and Wakefield.
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DOMINUS STRATFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
4.Tangible fixed assets (continued)
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If the assets under construction had not been included at valuation they would have been included under the historical cost convention as follows:
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Secured liabilities
Bank loans due within one year of £9,265,000 (2023: £Nil) are interest bearing at the Bank of England Base Rate +5.9% per annum. Interest on the loans are capitalised on each repayment date and added to the principal amount of the loan.
The bank loan is secured by a fixed and floating charge over the assets of the company.
After the year end on 30 May 2025, the loan was refinanced with a new repayment date of 30 January 2026.
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DOMINUS STRATFORD LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
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Creditors: Amounts falling due after more than one year
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Secured liabilities
Bank loans due after one year of £Nil (2023: £9,265,000) are interest bearing at the Bank of England Base Rate +5.9% per annum. Interest on the loans are capitalised on each repayment date and added to the principal amount of the loan.
The bank loan is secured by a fixed and floating charge over the assets of the company.
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Related party transactions
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Dominus Stratford Limited is a wholly owned subsidiary of Dominus Stratford Holdings UK Limited, a company incorporated in England and Wales. The ultimate parent company is Dominus Stratford Holdings Limited, the registered office address is 28 Esplanade, St Helier, Jersey, JE2 3QA.
The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with wholly owned group companies.
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The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.
The audit report was signed on 25 September 2025 by Richard Paul (senior statutory auditor) on behalf of Nyman Libson Paul LLP.
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