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Registration number: SC523870

Dunaros Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Dunaros Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Financial Statements

9 to 14

 

Dunaros Limited

Company Information

Directors

Mr Calum Maclachlainn

Mr Allan MacLean

Registered office

8A Baliscate
Tobermory
Isle Of Mull
Argyll
PA75 6QA

Accountants

Jack MacDonald & Co Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Dunaros Limited

Directors' Report for the Year Ended 31 January 2025

The directors present their report and the financial statements for the year ended 31 January 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr Calum Maclachlainn

Mr Allan MacLean

Principal activity

The principal activity of the company is property development with some property rental

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 28 June 2025 and signed on its behalf by:
 

.........................................
Mr Calum Maclachlainn
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dunaros Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dunaros Limited for the year ended 31 January 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Dunaros Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dunaros Limited and state those matters that we have agreed to state to the Board of Directors of Dunaros Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunaros Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dunaros Limited 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 of Dunaros Limited. You consider that Dunaros Limited 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 Dunaros Limited. 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 statutory accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

28 June 2025

 

Dunaros Limited

Profit and Loss Account for the Year Ended 31 January 2025

Note

2025
£

2024
£

Turnover

 

83,901

-

Cost of sales

 

(12,585)

-

Gross profit

 

71,316

-

Administrative expenses

 

(68,431)

(8,745)

Operating profit/(loss)

 

2,885

(8,745)

Interest payable and similar expenses

 

(638)

(259)

Profit/(loss) before tax

2,247

(9,004)

Profit/(loss) for the financial year

 

2,247

(9,004)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Dunaros Limited

Statement of Comprehensive Income for the Year Ended 31 January 2025

2025
£

2024
£

Profit/(loss) for the year

2,247

(9,004)

Total comprehensive income for the year

2,247

(9,004)

 

Dunaros Limited

(Registration number: SC523870)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

15,138

11,564

Current assets

 

Stocks

4

717,542

688,032

Debtors

5

10,004

4

Cash at bank and in hand

 

6,019

423

 

733,565

688,459

Creditors: Amounts falling due within one year

6

(548,653)

(489,735)

Net current assets

 

184,912

198,724

Total assets less current liabilities

 

200,050

210,288

Creditors: Amounts falling due after more than one year

6

(13,085)

(25,570)

Net assets

 

186,965

184,718

Capital and reserves

 

Called up share capital

7

4

4

Retained earnings

186,961

184,714

Shareholders' funds

 

186,965

184,718

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 28 June 2025 and signed on its behalf by:
 

 

Dunaros Limited

(Registration number: SC523870)
Balance Sheet as at 31 January 2025

.........................................
Mr Calum Maclachlainn
Director

 

Dunaros Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Retained earnings
£

Total
£

At 1 February 2024

4

184,714

184,718

Profit for the year

-

2,247

2,247

At 31 January 2025

4

186,961

186,965

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

4

193,718

193,722

Loss for the year

-

(9,004)

(9,004)

At 31 January 2024

4

184,714

184,718

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

14,455

14,455

Additions

7,174

7,174

At 31 January 2025

21,629

21,629

Depreciation

At 1 February 2024

2,891

2,891

Charge for the year

3,600

3,600

At 31 January 2025

6,491

6,491

Carrying amount

At 31 January 2025

15,138

15,138

At 31 January 2024

11,564

11,564

4

Stocks

2025
£

2024
£

Work in progress

717,542

688,032

5

Debtors

Current

2025
£

2024
£

Other debtors

10,004

4

 

10,004

4

6

Creditors

Creditors: amounts falling due within one year

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2025
£

2024
£

Due within one year

Trade creditors

3,871

1,644

Taxation and social security

91

91

Other creditors

544,691

488,000

548,653

489,735

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

13,085

25,570

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

4

4

4

4

       

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

13,085

25,570

9

Related party transactions

Summary of transactions with other related parties

Argyll Properties Scotland Ltd Short term loan to help finance work in progress

Loans from related parties

 

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

2025

Other related parties
£

Total
£

At start of period

468,000

468,000

Advanced

50,000

50,000

At end of period

518,000

518,000

2024

Other related parties
£

Total
£

At start of period

180,000

180,000

Advanced

288,000

288,000

At end of period

468,000

468,000