Acorah Software Products - Accounts Production 16.2.800 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 13292253 Mr C J Cornelly Mr S K Haslam iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13292253 2023-07-31 13292253 2024-07-31 13292253 2023-08-01 2024-07-31 13292253 frs-core:CurrentFinancialInstruments 2024-07-31 13292253 frs-core:Non-currentFinancialInstruments 2024-07-31 13292253 frs-core:SharePremium 2024-07-31 13292253 frs-core:ShareCapital 2024-07-31 13292253 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 13292253 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13292253 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 13292253 frs-bus:SmallEntities 2023-08-01 2024-07-31 13292253 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13292253 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13292253 frs-core:CostValuation 2023-07-31 13292253 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2024-07-31 13292253 frs-core:CostValuation 2024-07-31 13292253 frs-core:ProvisionsForImpairmentInvestments 2023-07-31 13292253 frs-core:ProvisionsForImpairmentInvestments 2024-07-31 13292253 frs-bus:Director1 2023-08-01 2024-07-31 13292253 frs-bus:Director2 2023-08-01 2024-07-31 13292253 frs-countries:EnglandWales 2023-08-01 2024-07-31 13292253 2022-07-31 13292253 2023-07-31 13292253 2022-08-01 2023-07-31 13292253 frs-core:CurrentFinancialInstruments 2023-07-31 13292253 frs-core:Non-currentFinancialInstruments 2023-07-31 13292253 frs-core:SharePremium 2023-07-31 13292253 frs-core:ShareCapital 2023-07-31 13292253 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 13292253
Dual-Stream Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors Mr C J Cornelly
Mr S K Haslam
Company Number 13292253
Registered Office TMJ Business Centre
107 Cavendish Street
Ashton-Under-Lyne
Greater Manchester
OL6 7SW
Accountants Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 1
Page 2
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Dual-Stream Holdings Ltd for the year ended 31 July 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Dual-Stream Holdings Ltd which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Dual-Stream Holdings Ltd , as a body, in accordance with the terms of our engagement letter dated 15 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Dual-Stream Holdings Ltd and state those matters that we have agreed to state to the directors of Dual-Stream Holdings Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dual-Stream Holdings Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that Dual-Stream Holdings Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Dual-Stream Holdings Ltd . You consider that Dual-Stream Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dual-Stream Holdings Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
28th April 2025
Ascendis Group
Chartered Certified Accountants, Taxation and Business Advisors
Unit 3, Building 2, The Colony Wilmslow
Altrincham Road
Wilmslow
Cheshire
SK9 4LY
Page 2
Page 3
Statement of Financial Position
Registered number: 13292253
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 3,161,184 3,153,570
3,161,184 3,153,570
CURRENT ASSETS
Debtors 6 2,400 15,348
Cash at bank and in hand 79 85
2,479 15,433
Creditors: Amounts Falling Due Within One Year 7 (508,475 ) (543,393 )
NET CURRENT ASSETS (LIABILITIES) (505,996 ) (527,960 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,655,188 2,625,610
Creditors: Amounts Falling Due After More Than One Year 8 (283,703 ) (526,270 )
NET ASSETS 2,371,485 2,099,340
CAPITAL AND RESERVES
Called up share capital 10 300 300
Share premium account 1,715,033 1,715,033
Income Statement 656,152 384,007
SHAREHOLDERS' FUNDS 2,371,485 2,099,340
Page 3
Page 4
For the year ending 31 July 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 Income Statement.
The financial statements were approved by the board of directors on 28 April 2025 and were signed on its behalf by:
Mr C J Cornelly
Director
28th April 2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Dual-Stream Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13292253 . The registered office is TMJ Business Centre, 107 Cavendish Street, Ashton-Under-Lyne, Greater Manchester, OL6 7SW.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 August 2023 3,153,570
Fair value adjustments 7,614
As at 31 July 2024 3,161,184
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 3,161,184
As at 1 August 2023 3,153,570
The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:
Subsidiary
Name: Dual-Stream Ltd
Registered Office: TMJ Business Centre, 107 Cavendish Street, Ashton-Under-Lyne, Greater Manchester, England, OL6 7SW
Nature: Security systems service activities
Class of shares: Ordinary
% Holding: 100%
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,400 15,348
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 166,694 153,474
Amounts owed to group undertakings 180,742 239,369
Other creditors 161,039 150,550
508,475 543,393
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Page 6
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 1-2 years 184,311 166,694
Bank loans 2-5 years 99,392 292,911
Other creditors - 66,665
283,703 526,270
9. Secured Creditors
The group, including the associate company, is subject to a fixed and floating charge held by Satago Financial Solutions over to assets relating to the loan in Dual-Stream Holdings Limited.
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 450,397 613,079
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
11. Related Party Transactions
As at the year end, Dual-Stream Holdings Limited owed £180,742 (2023 - £239,369) to Dual-Stream Limited, a subsidiary of the company. As at the year end, the company owed £80,000 (2023 - £80,616) to Mr C Cornelly and Mr S Haslam, directors of the company.
Page 6