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Financial Statements for the Year Ended 31 December 2016 |
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DAHT Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 31 December 2016 |
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for |
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DAHT Limited |
DAHT Limited (Registered number: 04716134) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DAHT Limited |
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Company Information |
for the Year Ended 31 December 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Aldreth |
Pearcroft Road |
Stonehouse |
Gloucestershire |
GL10 2JY |
DAHT Limited (Registered number: 04716134) |
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Balance Sheet |
31 December 2016 |
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31.12.16 | 31.12.15 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 3 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
its behalf by: |
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DAHT Limited (Registered number: 04716134) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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DAHT Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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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. |
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Going concern |
The company transferred its trade, assets and liabilities to two associated companies on 29 July 2012 |
and 30 December 2012 respectively and has consequently ceased trading. As required by FRS 18 |
Accounting Policies, the directors have prepared the financial statements on the basis that the |
company is no longer a going concern. No material adjustments arose as a result of ceasing to apply |
the going concern basis. All assets and liabilities were transferred to the associated companies at their |
book value. |
DAHT Limited (Registered number: 04716134) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Impairment of fixed assets |
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible |
assets to determine whether there is any indication that those assets have suffered an impairment loss. |
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the |
extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of |
an individual asset, the company estimates the recoverable amount of the cash-generating unit to |
which the asset belongs. |
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Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in |
use, the estimated cash flows are discounted to their present value using a pre-tax discount rate that |
reflects current market assessments of the time value of money and the risks specific to each asset for |
which the estimates of future cash flows have not been adjusted. |
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If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying |
amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable |
amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is |
carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease |
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Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have |
ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or |
cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the |
increased carrying amount does not exceed the carrying amount that would have been determined had |
no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of |
an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a |
revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase |
DAHT Limited (Registered number: 04716134) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Financial instruments |
The Company only enters into basic financial instruments that result in the recognition of financial |
assets and liabilities like trade and other debtors and creditors, loans from banks and other third |
parties, loans to related parties and investments in non-puttable ordinary shares |
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For financial assets measured at amortised cost, the impairment cost is measured at the difference |
between an asset's carrying amount and the present value of estimated cash flows discounted at the |
assets effective interest rate. If the financial asset has a variable interest rate, the discount rate for |
measuring any impairment loss is the current effective interest rate determined under the contract |
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For assets measured at cost less impairment, the impairment loss is measured as the difference |
between an asset's carrying amount and best estimate, which is an approximation of the amount that |
the Company would receive for the asset if it were to be sold at the balance sheet date |
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Creditors |
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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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Finance costs |
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Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective |
interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are |
initially recognised as a reduction in the proceeds of the associated capital instrument |
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Dividends |
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Equity dividends are recognised when they legally become payable. Interim equity dividends are |
recognised when paid. Final equity dividends are recognised when approved by the shareholdersat an |
annual general meeting. |
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Judgements in applying accounting policies and key sources of estimation uncertainty |
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In the process of applying the company's accounting policies, management are required to make |
certain estimates and judgements. The key estimates and judgements are as follows: |
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Depreciation and residual values |
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The directors have reviewed the asset lives and associated residual values of all fixed asset classes, |
and has concluded that asset lives and residual values are appropriate |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.16 | 31.12.15 |
£ | £ |
Amounts owed by group undertakings |
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DAHT Limited (Registered number: 04716134) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2016 |
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4. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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5. | ULTIMATE CONTROLLING PARTY |
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The company is a wholly owned subsidiary of Domino's Pizza West Country Limited . This |
company is a joint venture between Domino's Pizza Group plc and Mr & Mrs David Rose. The two |
parties to the joint venture each own 50% of the share capital and have joint control. |