Silverfin false 31/12/2022 01/01/2022 31/12/2022 C Blackbourn 16/04/2020 E Mosafi 16/04/2020 29 November 2023 The principal activity of the Company during the financial year was that of receiving royalty income. 00070808 2022-12-31 00070808 bus:Director1 2022-12-31 00070808 bus:Director2 2022-12-31 00070808 core:CurrentFinancialInstruments 2022-12-31 00070808 core:CurrentFinancialInstruments 2021-12-31 00070808 2021-12-31 00070808 core:ShareCapital 2022-12-31 00070808 core:ShareCapital 2021-12-31 00070808 core:RetainedEarningsAccumulatedLosses 2022-12-31 00070808 core:RetainedEarningsAccumulatedLosses 2021-12-31 00070808 bus:OrdinaryShareClass1 2022-12-31 00070808 2022-01-01 2022-12-31 00070808 bus:FullAccounts 2022-01-01 2022-12-31 00070808 bus:SmallEntities 2022-01-01 2022-12-31 00070808 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 00070808 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 00070808 bus:Director1 2022-01-01 2022-12-31 00070808 bus:Director2 2022-01-01 2022-12-31 00070808 2021-01-01 2021-12-31 00070808 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 00070808 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00070808 (England and Wales)

DUBOIS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2022
Pages for filing with the registrar

DUBOIS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2022

Contents

DUBOIS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2022
DUBOIS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2022
2022 2021
£ £
Current assets
Debtors 3 59,595 6,529
Cash at bank and in hand 388,689 609,464
448,284 615,993
Creditors: amounts falling due within one year 4 ( 337,033) ( 292,122)
Net current assets 111,251 323,871
Total assets less current liabilities 111,251 323,871
Net assets 111,251 323,871
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account 111,250 323,870
Total shareholder's funds 111,251 323,871

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Dubois Limited (registered number: 00070808) were approved and authorised for issue by the Director. They were signed on its behalf by:

E Mosafi
Director

29 November 2023

DUBOIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
DUBOIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dubois Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 41-44 Great Queen Street, London, WC2B 5AD, England, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Royalty income

Royalty income is recognised when it is probable that the company will receive the economic benefits and the amounts can be measured reliably. In this way, revenue accrues with the terms of the relevant agreement and is usually recognised on that basis, unless it is more appropriate to recognise revenue on some other systematic basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and transactions 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 and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2022 2021
£ £
Trade debtors 5,746 1,900
Prepayments and accrued income 53,750 0
Other debtors 99 4,629
59,595 6,529

4. Creditors: amounts falling due within one year

2022 2021
£ £
Trade creditors 19,626 7,107
Accruals 32,391 0
Other creditors 285,016 285,015
337,033 292,122

5. Called-up share capital

2022 2021
£ £
Allotted, called-up and fully-paid
5 Ordinary shares of £ 0.20 each 1 1

6. Ultimate controlling party

The immediate parent undertaking is Cable Capital Partners Limited. The ultimate parent undertaking is Cable Capital Holdings Limited.