REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 |
FOR |
DUALLOK HOLDINGS LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Amounts owed to group undertakings |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.24 | 31.5.23 |
value: | £ | £ |
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. |
for and on behalf of |