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Dust Group Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Walji & Co Private Clients Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11775273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 210 435
210 435
CURRENT ASSETS
Debtors 5 78,835 100,231
Cash at bank and in hand 7,245 4,130
86,080 104,361
Creditors: Amounts Falling Due Within One Year 6 (82,651 ) (99,783 )
NET CURRENT ASSETS (LIABILITIES) 3,429 4,578
TOTAL ASSETS LESS CURRENT LIABILITIES 3,639 5,013
NET ASSETS 3,639 5,013
CAPITAL AND RESERVES
Called up share capital 7 10 10
Profit and Loss Account 3,629 5,003
SHAREHOLDERS' FUNDS 3,639 5,013
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For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Ambrose
Director
29/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Dust Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11775273 . The registered office is Studio 2, 6-8 Cole Street, London, SE1 4YH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Unlisted
£
Cost
As at 1 February 2023 435
Disposals (225 )
As at 31 January 2024 210
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 210
As at 1 February 2023 435
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
  1. Dust Design Ltd
    Address - Unit 12, 6-8 Cole Street, London, SE1 4YH
    Holding - Ordinary
    Proportion of
    voting rights/shares held - 100% (2023 - 100%)
  2. Dust Project Management Ltd
    Address -Unit 12, 6-8 Cole Street, London, SE1 4YH
    Holding - Ordinary A
    Proportion of
    voting rights/shares held - 100% (2023 - 100%)
    Holding - Ordinary B
    Proportion of
    voting rights/shares held - 100% (2023 - 100%)
...CONTINUED
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4. Investments - continued
Subsidiary undertakings
Dust Design Ltd
The principal activity of Dust Design Ltd is Architectural Services. The loss for the financial period of Dust Design Ltd was £(185,965) (2023 - profit £41,306) and the aggregate amount of capital and deficit at the end of the period was £(279,590) (2023 - capital and deficits £(97,368).
Dust Project Management Ltd
The principal activity of Dust Project Management Ltd is Project management and consultancy. The profit for the financial period of Dust Project Management Ltd was £171,670 (2023 - £176,496) and the aggregate amount of capital and reserves at the end of the period was £21,843 (2023 - £32,068).
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 57,784 69,340
Other debtors - 1,043
VAT 4,000 -
Directors' loan accounts 17,051 14,668
Amounts owed by associates - 15,180
78,835 100,231
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Amounts owed to group undertakings - Dust Project Management Ltd/Dust Design Ltd 82,650 99,783
82,651 99,783
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mr Anthony Ambrose 7,334 65,192 64,000 - 8,526
Mrs Naomi Ambrose 7,334 65,191 64,000 - 8,525
The above loan is unsecured and repayable on demand. Interest is payable at the rate of 2.25%
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9. Related Party Transactions
Dust Design LtdSubsidiaryLoan to subsidiary £168,377 (loan to subsidiary 2023 - £117,432)

Dust Design Ltd

Subsidiary

Loan to subsidiary £168,377 (loan to subsidiary 2023 - £117,432)

Dust Project Management LtdSubsidiaryLoan from subsidiary £251,027 (2023 - £217,216)

Dust Project Management Ltd

Subsidiary

Loan from subsidiary £251,027 (2023 - £217,216)

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