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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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DOMUS LONDON LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020 |
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FOR |
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DOMUS LONDON LTD |
DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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DOMUS LONDON LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2020 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Cambridge House |
27 Cambridge Park |
Wanstead |
London |
E11 2PU |
DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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BALANCE SHEET |
31 MARCH 2020 |
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2020 | 2019 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
( |
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SHAREHOLDERS' FUNDS |
( |
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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. |
DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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BALANCE SHEET - continued |
31 MARCH 2020 |
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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 and authorised for issue on
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DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2020 |
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1. | STATUTORY INFORMATION |
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Domus London Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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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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Long terms contracts |
Properties purchased for development and work thereon are treated as long term contracts and the value added, included in turnover in the period and debtors as amounts recoverable on contracts. Profit is only taken where the outcome is known and is apportioned over the remaining period until disposal. Interest is charged to profit as incurred. |
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Going concern |
The financial statements have been prepared on a going concern basis on the footing that the directors will ensure that adequate funds are made available to enable the company to meet its obligations as they fall due. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | Plant and | and |
leasehold | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2019 |
and 31 March 2020 |
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DEPRECIATION |
At 1 April 2019 |
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Charge for year |
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At 31 March 2020 |
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NET BOOK VALUE |
At 31 March 2020 |
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At 31 March 2019 |
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5. | DEBTORS |
2020 | 2019 |
£ | £ |
Amounts falling due within one year: |
VAT |
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Amounts falling due after more than one year: |
Amounts recoverable on |
contracts |
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Aggregate amounts |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
Bank loans and overdrafts |
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Other loans |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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Included within other creditors is the amount of £2,897,687 (2019 - £599,528) owed to Habito London Limited, a shareholder in Domus London Limited. |
DOMUS LONDON LTD (REGISTERED NUMBER: 04981861) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2020 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2020 | 2019 |
£ | £ |
Directors' loan accounts | 7,891,729 | 5,380,393 |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The directors loaned funds to the company and at the balance sheet date the balances and maximum balances in the year were:- |
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2020 | 2019 |
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J Godbold and Mr & Mrs J O'Brien | 7,891,729 | 5,380,393 |
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The loans were made on a interest free, unsecured basis and not repayable before 31 March 2020 or later by | mutual consent. |
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9. | CONTROL |
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The company was controlled by J Godbold. |