ACCOUNTS - Final Accounts preparation

Registered number: 10425447

DOMINUS MILTON KEYNES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

DOMINUS MILTON KEYNES LIMITED

REGISTERED NUMBER: 10425447

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Stocks		638,752		-
Debtors: amounts falling due within one year	4	102,201		650,071
Cash at bank and in hand		2,178		1,508
		743,131		651,579
Creditors: amounts falling due within one year	5	(96,979)		(1,400)
Net current assets			646,152		650,179
Total assets less current liabilities			646,152		650,179

Net assets			646,152		650,179

Capital and reserves
Called up share capital	1	1
Profit and loss account	646,151	650,178
	646,152	650,179

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 19 September 2025.

S S Ahluwalia

Director

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DOMINUS MILTON KEYNES LIMITED

REGISTERED NUMBER: 10425447

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The notes on pages 3 to 4 form part of these financial statements.

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DOMINUS MILTON KEYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Dominus Milton Keynes Limited is a private company limited by shares and incorporated in England & Wales. The address of its principal place of business is 14A Shouldham Street, Marylebone, London, W1H 5FJ.

2.Accounting policies

2.1

Basis of preparation of 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.

The company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a SELECT OR ENTER METHOD basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.6

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.

2.7

Creditors

Short term creditors are measured at the transaction price.

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DOMINUS MILTON KEYNES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

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, and loans to related parties.

Employees

The company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	1	650,001
Other debtors	102,200	70
	102,201	650,071

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	479	-
Amounts owed to group undertakings	95,000	-
Accruals	1,500	1,400
	96,979	1,400

6.	Related party transactions
	Dominus Milton Keynes Limited is a wholly owned subsidiary of Dominus Milton Keynes Holdings Limited, a company incorporated in Jersey. 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 group companies.

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