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REGISTERED NUMBER: SC271982 (Scotland)













Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 January 2024

for

Dunvale Investments Limited

Dunvale Investments Limited (Registered number: SC271982)






Contents of the Consolidated Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Report of the Directors 2

Consolidated Income Statement 3

Consolidated Balance Sheet 4

Company Balance Sheet 6

Notes to the Consolidated Financial Statements 8


Dunvale Investments Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D Wheatley
E Wheatley





REGISTERED OFFICE: Pavilion 1 Finnieston Business Park
Minerva Way
Glasgow
G3 8AU





REGISTERED NUMBER: SC271982 (Scotland)





ACCOUNTANTS: Gerber Landa & Gee
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Dunvale Investments Limited (Registered number: SC271982)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

D Wheatley
E Wheatley

POLITICAL DONATIONS AND EXPENDITURE
None of the donations within the year were of political nature.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Wheatley - Director


25 October 2024

Dunvale Investments Limited (Registered number: SC271982)

Consolidated
Income Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 31,628 128,915

Cost of sales (846,523 ) -
GROSS PROFIT 878,151 128,915

Administrative expenses 302,708 1,304,628
575,443 (1,175,713 )

Other operating income 7,550 81,709
OPERATING PROFIT/(LOSS) 4 582,993 (1,094,004 )

Interest receivable and similar income 145,923 89,872
728,916 (1,004,132 )

Interest payable and similar expenses 840 1,082
PROFIT/(LOSS) BEFORE TAXATION 728,076 (1,005,214 )

Tax on profit/(loss) 36,045 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

692,031

(1,005,214

)

Profit/(loss) attributable to:
Owners of the parent 692,031 (1,005,214 )

Dunvale Investments Limited (Registered number: SC271982)

Consolidated Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 (128,565 ) (171,420 )
Tangible assets 8 138,708 194,128
Investments 9 - -
Investment property 10 2,313,571 3,787,778
2,323,714 3,810,486

CURRENT ASSETS
Stocks 1,529,330 108,306
Debtors 11 5,349,833 4,713,749
Cash at bank 260,458 27,284
7,139,621 4,849,339
CREDITORS
Amounts falling due within one year 12 1,581,337 1,355,807
NET CURRENT ASSETS 5,558,284 3,493,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,881,998

7,304,018

CREDITORS
Amounts falling due after more than one
year

13

24,542

38,593
NET ASSETS 7,857,456 7,265,425

CAPITAL AND RESERVES
Called up share capital 2,358,079 2,358,079
Share premium 5,703,902 5,703,902
Retained earnings (204,525 ) (796,556 )
SHAREHOLDERS' FUNDS 7,857,456 7,265,425

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a) ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

Dunvale Investments Limited (Registered number: SC271982)

Consolidated Balance Sheet - continued
31 January 2024


The financial statements have been prepared 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 25 October 2024 and were signed on its behalf by:





D Wheatley - Director


Dunvale Investments Limited (Registered number: SC271982)

Company Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 7 - -
Tangible assets 8 138,708 194,128
Investments 9 877,076 50,005
Investment property 10 2,101,016 2,101,016
3,116,800 2,345,149

CURRENT ASSETS
Debtors 11 6,399,428 6,433,663
Cash at bank 7,584 14,092
6,407,012 6,447,755
CREDITORS
Amounts falling due within one year 12 1,200,500 1,079,092
NET CURRENT ASSETS 5,206,512 5,368,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,323,312

7,713,812

CREDITORS
Amounts falling due after more than one
year

13

24,542

38,593
NET ASSETS 8,298,770 7,675,219

CAPITAL AND RESERVES
Called up share capital 2,358,080 2,358,080
Share premium 5,703,902 5,703,902
Retained earnings 236,788 (386,763 )
SHAREHOLDERS' FUNDS 8,298,770 7,675,219

Company's profit/(loss) for the financial year 723,551 (890,971 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Dunvale Investments Limited (Registered number: SC271982)

Company Balance Sheet - continued
31 January 2024


The financial statements have been prepared 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 25 October 2024 and were signed on its behalf by:





D Wheatley - Director


Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Dunvale Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of subsidiary businesses, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.


Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - NIL ) .

4. OPERATING PROFIT/(LOSS)

The operating profit (2023 - operating loss) is stated after charging/(crediting):

31.1.24 31.1.23
£    £   
Depreciation - owned assets 55,420 55,420
Goodwill amortisation (42,855 ) (42,855 )

5. EXCEPTIONAL ITEMS
31.1.24 31.1.23
£    £   
Exceptional items - 5,235

6. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

7. INTANGIBLE FIXED ASSETS

Group
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 (2,638,792 )
AMORTISATION
At 1 February 2023 (2,467,372 )
Charge for year (42,855 )
At 31 January 2024 (2,510,227 )
NET BOOK VALUE
At 31 January 2024 (128,565 )
At 31 January 2023 (171,420 )

8. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 354,594
DEPRECIATION
At 1 February 2023 160,466
Charge for year 55,420
At 31 January 2024 215,886
NET BOOK VALUE
At 31 January 2024 138,708
At 31 January 2023 194,128

Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

8. TANGIBLE FIXED ASSETS - continued

Company
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 354,594
DEPRECIATION
At 1 February 2023 160,466
Charge for year 55,420
At 31 January 2024 215,886
NET BOOK VALUE
At 31 January 2024 138,708
At 31 January 2023 194,128

9. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 February 2023 50,005
Revaluations 827,071
At 31 January 2024 877,076
NET BOOK VALUE
At 31 January 2024 877,076
At 31 January 2023 50,005

Cost or valuation at 31 January 2024 is represented by:

Shares in
group
undertakings
£   
Cost 877,076

Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

9. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Grandyard Investments Limited
Registered office: Pavilion 1, Finnieston Business Park, Minerva Way, Glasgow, G3 8AU
Nature of business: Investment Company
%
Class of shares: holding
Ordinary A 100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Grandyard Limited
Registered office: Suite 1, 7th Floor 50 Broadway, London, United Kingdom, SW1H 0BL
Nature of business: Investment Company
%
Class of shares: holding
Ordinary A 100.00

The 100% investment in this company is held by Grandyard Investments Limited.

The company is included within the consolidated financial statements.

Osborne Street Estates Limited
Registered office: First Floor Templeback, 10 Temple Back, Bristol, United Kingdom, BS1 6FL
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary A 100.00
Ordinary B 100.00

The 100% investment in the Ordinary Class A shares of this company is held by the parent company of the group, Dunvale Investments Limited.

The 100% investment in the Ordinary Class B shares of this company is held by the parent company of the group, Dunvale Investments Limited.

The Ordinary A and B shares have attached to them full voting, dividend and capital distribution rights.

The company is included within the consolidated financial statements.

Wilton (Argyle Street) Limited
Registered office: Pavilion 1, Finnieston Business Park, Minerva Way, Glasgow, G3 8AU
Nature of business: Buying and selling of real estate
%
Class of shares: holding
Ordinary A 100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

9. FIXED ASSET INVESTMENTS - continued

Kelvin Meadows Limited
Registered office: Pavilion 1 Finnieston Business Park, Minerva Way, Glasgow, G3 8AU
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Wardpark Industrial Estate Ltd
Registered office: Pavilion 1 Finnieston Business Park, Minerva Way, Glasgow, G3 8AU
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.


10. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 February 2023 3,787,778
Additions 5,294
Disposals (1,479,501 )
At 31 January 2024 2,313,571
NET BOOK VALUE
At 31 January 2024 2,313,571
At 31 January 2023 3,787,778

Company
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 2,101,016
NET BOOK VALUE
At 31 January 2024 2,101,016
At 31 January 2023 2,101,016

Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.1.24 31.1.23 31.1.24 31.1.23
£    £    £    £   
Amounts owed by group undertakings - - 1,213,278 1,734,239
Other debtors 5,349,833 4,713,749 5,186,150 4,699,424
5,349,833 4,713,749 6,399,428 6,433,663

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.1.24 31.1.23 31.1.24 31.1.23
£    £    £    £   
Bank loans and overdrafts 10,056 9,808 10,056 9,808
Trade creditors 4,440 27,379 3,810 16,789
Amounts owed to group undertakings - - 10,128 18,724
Taxation and social security 85,682 8,498 45,977 8,498
Other creditors 1,481,159 1,310,122 1,130,529 1,025,273
1,581,337 1,355,807 1,200,500 1,079,092

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group Company
31.1.24 31.1.23 31.1.24 31.1.23
£    £    £    £   
Bank loans 18,215 28,270 18,215 28,270
Other creditors 6,327 10,323 6,327 10,323
24,542 38,593 24,542 38,593

14. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 24,473 24,473
Between one and five years 77,934 84,406
In more than five years 49,500 67,500
151,907 176,379

Dunvale Investments Limited (Registered number: SC271982)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 January 2024

14. LEASING AGREEMENTS - continued

Company
Non-cancellable operating leases
31.1.24 31.1.23
£    £   
Within one year 24,473 24,473
Between one and five years 77,934 84,406
In more than five years 49,500 67,500
151,907 176,379

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
D Wheatley
Balance outstanding at start of year 126,148 (132,046 )
Amounts advanced 197,900 322,840
Amounts repaid (111,671 ) (64,646 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 212,377 126,148