Dornland Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
114 St Martin's Lane
Covent Garden
London
WC2N 4BE
United Kingdom

Principal activity

The principal activity of the Company is that of an investment company.

These financial statements were authorised for issue by the director on 29 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

The accounts have been prepared in Euros because that is the functional currency of the company.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company has incurred a loss for the year and has net liabilities as at the balance sheet date. The company is therefore reliant on the support of the shareholder to continue its operations and the shareholder has confirmed that financial support will be made available as required.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Dornland Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
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 to/from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dornland Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3	Significant judgements and key sources of estimation uncertainty

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

Key sources of estimation uncertainty

The valuation of the investment property has been made on an open market value by reference to market evidence of transaction prices for similar properties.

4	Staff numbers

The average number of persons employed by the Company (including the director) during the year, was 0 (2023 - 0).

5	Investment properties

	2024 €
At 1 January	280,000
At 31 December	280,000

Investment property comprises land situated in St Tropez, France. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6

Creditors

Creditors: amounts falling due within one year

	Note	2024 €	2023 €
Due within one year
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest	8	27,544	-
Accruals and deferred income		6,413	8,170
Other creditors		480,696	495,559
		514,653	503,729

Dornland Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	€	No.	€
Ordinary shares of $1 each	1,000	983	1,000	983

8	Related party transactions

Summary of transactions with other related parties

Shareholder Loan Included in other creditors is a shareholder loan of €508,240 (2023: €495,559). The loan is interest free and repayable on demand.
During the year the shareholder paid expenses on behalf of the company of €12,681 (2023: €11,006).
 

Summary of transactions with other related parties

Homepines Investments Limited During the year, Homepines Investments Limited, a company under common control, paid expenses on behalf of the company totalling €27,544 (2023: €Nil) and received repayments totalling €Nil (2023: €Nil). At the balance sheet date the amount the company owed to Homepines Investments Limited was €27,544 (2023: €Nil).