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REGISTERED NUMBER: 11997597 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DUALLOK HOLDINGS LIMITED

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUALLOK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







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)



SENIOR STATUTORY AUDITOR: Mr Ashok Mukundlal Shah



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

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
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 21 February 2025 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 2024


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 (2023 - NIL).

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


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
31.5.24 31.5.23
£    £   
Other debtors 27,036 27,036

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 1,000 1,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
2,703,617 Ordinary £0.01 27,036 27,036

8. RESERVES
Retained
earnings
£   

Profit for the year -
At 31 May 2024 -

DUALLOK HOLDINGS LIMITED (REGISTERED NUMBER: 11997597)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


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

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

Basis for Qualified opinion of the financial statements
Patent and Trademarks

The Patent and Trademarks are accounted at cost in the Financial Statements of Duallok Limited as at 31 May 2024. Management has not stated the patents and trademarks at fair value which constitute a departure from the IFRSs. Hence, we are not able to comment on the fair value in the financial statements as at 31 May 2024.

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