REGISTERED NUMBER: 07773485 (England and Wales)

ONEDOME CAPITAL LIMITED

PREVIOUSLY KNOWN AS

CONTRACTOR WEALTH MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B Ismayil

E J Vigar

REGISTERED OFFICE:

3 Turnberry House

4400 Parkway

Whiteley

Fareham

Hampshire

PO15 7FJ

REGISTERED NUMBER:

07773485 (England and Wales)

BANKERS:

Santander UK plc

2nd Floor

103 Commercial Road

Portsmouth

Hampshire

PO1 1BG

CURRENT ASSETS

Debtors

4

76,420

79,381

Cash at bank

595,207

404,967

671,627

484,348

CREDITORS

Amounts falling due within one year

5

(317,517

)

(602,672

)

NET CURRENT ASSETS/(LIABILITIES)

354,110

(118,324

)

TOTAL ASSETS LESS CURRENT LIABILITIES

354,110

(118,324

)

PROVISIONS FOR LIABILITIES

6

(23,054

)

(16,606

)

NET ASSETS/(LIABILITIES)

331,056

(134,930

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

330,956

(135,030

)

331,056

(134,930

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 31 December 2025 and were signed on its behalf by:

B Ismayil - Director

1.	STATUTORY INFORMATION

OneDome Capital Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for financial advice services provided to external customers in the ordinary nature of the business. Initial fee income is recognised at the point a client returns a signed instruction to action the financial advice given. Recurring income is recognised on a cash received basis, as it is based on a percentage of funds under management, which fluctuates over time. Turnover is shown net of Value Added Tax.

Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include other debtors, cash and bank balances and amounts owed by group undertakings, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

Employee benefits

The costs of employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

76,420

79,381

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,892

1,104

Amounts owed to group undertakings

233,384

486,222

Taxation and social security

51,036

94,399

Other creditors

31,205

20,947

317,517

602,672

The amounts due to group undertakings are interest free, unsecured and repayable on demand.

6.	PROVISIONS FOR LIABILITIES

31.12.2023

31.12.2023

£

£

Client Initial Fee Provision

16,539

10,091

Clawback Provision

6,515

6,515

23,054

16,606

7.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent company is OneDome Finance Limited and its ultimate parent company is OneDome Limited. The ultimate controlling party is Mr B Ismayil.