Lex Dominus Ltd
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Notes to the Accounts |
for the year ended 31 October 2020
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1 |
Accounting policies |
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Basis of preparation |
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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).
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Debtors |
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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.
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Creditors |
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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.
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2 |
Employees |
2020 |
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2019 |
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Number |
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Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2020 |
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2019 |
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£ |
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£ |
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Other debtors |
500,000 |
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- |
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Other debtors relates to a loan to Charlton Atheltic Football Club, which is repayable on demand. |
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4 |
Creditors: amounts falling due within one year |
2020 |
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2019 |
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£ |
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£ |
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Other creditors |
500,000 |
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- |
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5 |
Loans to directors |
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Description and conditions |
B/fwd |
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Paid |
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Repaid |
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C/fwd |
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£ |
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£ |
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£ |
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£ |
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C Freeman (appointed 27.11.2020)
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Directors loan
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- |
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- |
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(500,000) |
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(500,000) |
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P Elliott (resigned 27.11.2020)
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Directors loan
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- |
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500,000 |
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(500,000) |
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- |
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- |
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500,000 |
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(1,000,000) |
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(500,000) |
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6 |
Controlling party |
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The controlling party is C Freeman, by virtue of shareholding
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7 |
Other information |
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Lex Dominus Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Hillside |
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The Tumble |
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Cardiff |
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CF5 6SA |