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REGISTERED NUMBER: 11997597 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

DUALLOK HOLDINGS LIMITED

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUALLOK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr T R Bains
Mr S J P Bradley
Mr C A Cleary
Ms R H Reardon
Mr D B Whitehurst





REGISTERED OFFICE: Unit B, Flat Iron Yard Southwark Bridge
14 Ayres Street
London
SE1 1ES





REGISTERED NUMBER: 11997597 (England and Wales)





AUDITORS: Ashfords Partnership LLP
114-116 Goodmayes Road
Ilford
Esex
IG3 9UZ

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000

CURRENT ASSETS
Debtors 5 27,036 27,036
NET CURRENT ASSETS 27,036 27,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,036

28,036

CREDITORS
Amounts falling due after more than one year 6 1,000 1,000
NET ASSETS 27,036 27,036

CAPITAL AND RESERVES
Called up share capital 7 27,036 27,036
SHAREHOLDERS' FUNDS 27,036 27,036

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:





Ms R H Reardon - Director


DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Duallok Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. FIXED ASSET INVESTMENTS

Subsidiary undertakings

The following were subsidiary undertakings of the company:

Name Class of Shares Holding
Duallok Limited Ordinary 100%

Duallok Limited was demerged from the group by means of a statutory demerger on 14/01/2020 to Duallok Holdings Limited.

The aggregate of the share capital & reserves as at 31 May 2023 and of the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:

Name Aggregate of share Profit/(loss)
capital & reserves
£ £
Duallok Limited (1,188,888) (131,916)



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Other debtors 27,036 27,036

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Amounts owed to group undertakings 1,000 1,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
2,703,617 Ordinary £0.01 27,036 27,036

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


8. RESERVES
Retained
earnings
£   

Profit for the year -
At 31 May 2023 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Mr Ashok Mukundlal Shah (Senior Statutory Auditor)
for and on behalf of Ashfords Partnership LLP