IRIS Accounts Production v25.1.3.33 14339373 director 1.10.23 30.9.24 30.9.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh143393732023-09-30143393732024-09-30143393732023-10-012024-09-30143393732022-09-05143393732022-09-062023-09-30143393732023-09-3014339373ns15:EnglandWales2023-10-012024-09-3014339373ns14:PoundSterling2023-10-012024-09-3014339373ns10:Director12023-10-012024-09-3014339373ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3014339373ns10:SmallEntities2023-10-012024-09-3014339373ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3014339373ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3014339373ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3014339373ns10:FullAccounts2023-10-012024-09-301433937312023-10-012024-09-3014339373ns10:RegisteredOffice2023-10-012024-09-3014339373ns5:CurrentFinancialInstruments2024-09-3014339373ns5:CurrentFinancialInstruments2023-09-3014339373ns5:ShareCapital2024-09-3014339373ns5:ShareCapital2023-09-3014339373ns5:RevaluationReserve2024-09-3014339373ns5:RevaluationReserve2023-09-3014339373ns5:RetainedEarningsAccumulatedLosses2024-09-3014339373ns5:RetainedEarningsAccumulatedLosses2023-09-3014339373ns5:PatentsTrademarksLicencesConcessionsSimilar2023-10-012024-09-3014339373ns5:IntangibleAssetsOtherThanGoodwill2023-10-012024-09-3014339373ns5:IntangibleAssetsOtherThanGoodwill2024-09-3014339373ns5:CostValuation2023-09-3014339373ns5:AdditionsToInvestments2024-09-3014339373ns5:DisposalsRepaymentsInvestments2024-09-3014339373ns5:RevaluationsIncreaseDecreaseInInvestments2024-09-3014339373ns5:CostValuation2024-09-3014339373ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3014339373ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3014339373ns5:Secured2024-09-3014339373ns5:Secured2023-09-3014339373ns5:RevaluationReserve2023-09-30
REGISTERED NUMBER: 14339373 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DOURADAS LTD

DOURADAS LTD (REGISTERED NUMBER: 14339373)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DOURADAS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J S M Watson





REGISTERED OFFICE: 17 Parkside Gardens
London
SW19 5EU





REGISTERED NUMBER: 14339373 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

DOURADAS LTD (REGISTERED NUMBER: 14339373)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 223,537 -
Investments 5 10,072,627 2,871,843
10,296,164 2,871,843

CURRENT ASSETS
Debtors 6 - 14,383
Investments 7 13,688,245 4,486,540
13,688,245 4,500,923
CREDITORS
Amounts falling due within one year 8 22,088,694 7,331,462
NET CURRENT LIABILITIES (8,400,449 ) (2,830,539 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,895,715

41,304

PROVISIONS FOR LIABILITIES 229,214 -
NET ASSETS 1,666,501 41,304

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 10 1,620,558 (35,826 )
Retained earnings 45,933 77,120
1,666,501 41,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 27 June 2025 and were signed by:





J S M Watson - Director


DOURADAS LTD (REGISTERED NUMBER: 14339373)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Douradas Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Turnover represents the proceeds from the disposal of investments in the period.

Wimbledon tennis debentures
The intangible assets are debentures in the All England Lawn Tennis Club. They are initially recognised at cost. The residual value of the investment is amortised over the useful life of the asset on a straight line basis.

Financial instruments
Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments
Investments in equity instruments are initially measured at the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss.

Impairments
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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.

DOURADAS LTD (REGISTERED NUMBER: 14339373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance income and expense
Finance income includes interest receivable and dividend income receivable recognised when the right to receive payment has been established.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 357,593
At 30 September 2024 357,593
AMORTISATION
Charge for year 134,056
At 30 September 2024 134,056
NET BOOK VALUE
At 30 September 2024 223,537

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 2,871,843
Additions 5,991,117
Disposals 17,883
Revaluations 1,191,784
At 30 September 2024 10,072,627
NET BOOK VALUE
At 30 September 2024 10,072,627
At 30 September 2023 2,871,843

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,327,529
Cost 8,745,098
10,072,627

DOURADAS LTD (REGISTERED NUMBER: 14339373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 14,383

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 13,688,245 4,486,540

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,994,160 3,893,717
Taxation and social security 151,642 804
Other creditors 942,892 3,436,941
22,088,694 7,331,462

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 20,994,160 3,893,717

The bank loan is secured by way of a fixed charge over the assets of the company.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 (35,826 )
Valuation movement 1,656,384

At 30 September 2024 1,620,558

11. CAPITAL COMMITMENTS

At the balance sheet the company had contracted, but not provided, to subscribe in an investment fund for €10,000,000.