Domolly Ltd - Filleted accounts

Registered number

10364969

Domolly Ltd

Unaudited Filleted Accounts

31 December 2025

Domolly Ltd
Registered number:		10364969
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		10,137			13,516
Investment propertiess	4		1,455,035			1,387,341
			1,465,172			1,400,857

Current assets
Stocks		893,604			529,664
Debtors	5	8,923			8,021
Cash at bank and in hand		60,346			169,487
		962,873			707,172

Creditors: amounts falling due within one year	6	(125,085)			(224,838)

Net current assets			837,788			482,334

Total assets less current liabilities			2,302,960			1,883,191

Creditors: amounts falling due after more than one year	7		(1,686,772)			(1,267,100)

Provisions for liabilities			(131,218)			(131,218)


Net assets			484,970			484,873

Capital and reserves
Called up share capital			100			100
Revaluation reserve	9		383,517			383,517
Profit and loss account			101,353			101,256

Shareholders' funds			484,970			484,873

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr L Dineen
Director
Approved by the board on 16 September 2026

Domolly Ltd
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Investment properties
	Investment properties are initially recognised at cost and then measured at fair value with any revaluation increase or decrease recognised in the profit and loss. The fair value is based on a valuation carried out by an independent qualified valuer with relevant experience as updated by the directors using their market knowledge and experience.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and equipment	over 5 years
	Motor vehicles	25% on a reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 January 2025	1,041		16,800		17,841
	At 31 December 2025	1,041		16,800		17,841

	Depreciation
	At 1 January 2025	1,041		3,284		4,325
	Charge for the year	-		3,379		3,379
	At 31 December 2025	1,041		6,663		7,704

	Net book value
	At 31 December 2025	-		10,137		10,137
	At 31 December 2024	-		13,516		13,516


4	Investment properties



£
	Cost
	At 1 January 2025					1,387,341
	Additions					67,694

	At 31 December 2025					1,455,035
	The investment properties were valued by the directors using readily available property valuation market data and have recent experience in the location and segment of the investment properties being valued. The valuation reports for investment properties acquired in the prior year were reviewed to identify any changes in value. The Directors review the valuation performed for financial reporting purposes and at each financial year end: - Verifies all major inputs to an independent valuation report; - Assesses property valuation movements when compared to the prior year valuation report; and - Holds discussions with an independent valuer.


5	Debtors			2025		2024
£					£

	Trade debtors			8,923		8,021


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			4,437		10,148
	Trade creditors			39,558		80,142
	Taxation and social security costs			18,140		63,111
	Other creditors			62,950		71,437
				125,085		224,838


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			426,444		431,108
	Obligations under finance lease and hire purchase contracts			4,447		9,256
	Amounts owed to group undertakings and undertakings in which the company has a participating interest			963,817		646,317
	Other creditors			292,064		180,419
				1,686,772		1,267,100


8	Loans			2025		2024
£					£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			1,565,326		1,253,181


	Secured bank loans			430,608		441,256

	The various bank loans are secured on the investment properties by way of fixed charges. The bank loans are on various terms on an interest only repayment basis.


9	Revaluation reserve			2025		2024
£					£

	At 1 January 2025			383,517		256,220
	Gain on revaluation of land and buildings			-		169,730
	Deferred taxation arising on the revaluation of land and buildings			-		(42,433)

	At 31 December 2025			383,517		383,517


10	Related party transactions

	The company has been provided with loan funding of £963,817 (2024: £646,317) from James Court Holdings Limited, a company registered in England & Wales, which is its parent company & has a common director. There has been no interest charged on this balance and there are no fixed repayment terms on this loan balance but the directors have confirmed that it will not be repaid within 1 year. Therefore it has been disclosed as due after more than 1 year in these accounts.


11	Controlling party

	The ultimate controlling party is Leigh Dineen by virtue of his shareholding in the parent company, James Court Holdings Limited.


12	Other information

	Domolly Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	7-11 James Court
	Viking Way
	Swansea
	SA1 7DA