Company Registration No. 09941306 (England and Wales)
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2018
INFORMATION FOR FILING WITH REGISTRAR
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
COMPANY INFORMATION
Directors
J O'Brien
A O'Brien
Company number
09941306
Registered office
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
Accountants
Harwood Hutton Limited
22 Wycombe End
Beaconsfield
Buckinghamshire
HP9 1NB
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
BALANCE SHEET
- 1 -
2018
Notes
£
£
Current assets
Debtors
3
331,022
Cash at bank and in hand
1,901
332,923
Creditors: amounts falling due within one year
4
(325,874)
Net current assets
7,049
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
6,949
Total equity
7,049
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 May 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 May 2019 and are signed on its behalf by:
J O'Brien
Director
Company Registration No. 09941306
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2018
- 2 -
1
Accounting policies
Company information
Domvs London (Global Holdings) Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Reporting period
The reporting period is longer than one year in order to align the year end of Domvs London (Global Holdings) Limited with the parent company. The comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.3
Turnover
Turnover
is measured at the fair value of the consideration received or receivable for the rendering of services in the normal course of business, and is shown net of discounts and VAT.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ”Basic Financial Instruments” to all of its financial instruments.
Financial instruments are recognised in the company’s balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Short term debtors are measured at transaction price less any provision for impairment. Loans receivable are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method, less any provision for impairment.
Basic financial liabilities
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are measured initially at fair value, net of transaction costs and are subsequently carried at amortised costs using the effective interest method.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2018
1
Accounting policies
(Continued)
- 3 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Leases
Rentals payable under operating leases,
including
any lease incentives received, are charged to
profit or loss
on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease
s
asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 2.
3
Debtors
2018
Amounts falling due within one year:
£
Trade debtors
113,715
Amounts owed by group undertakings
214,447
Other debtors
2,860
331,022
4
Creditors: amounts falling due within one year
2018
£
Trade creditors
288
Corporation tax
10,782
Other taxation and social security
66,293
Other creditors
9,511
Amounts owed to group undertaking
239,000
325,874
DOMVS LONDON (GLOBAL HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MAY 2018
- 4 -
5
Called up share capital
2018
£
Ordinary share capital
Issued and fully paid
80 Ordinary shares of £1 each
80
10 Ordinary B shares of £1 each
10
10 Ordinary C shares of £1 each
10
100