Registration number: 10536053

Dynasty Group Holdings Limited

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Independent Auditor's Report	4 to 8
Profit and Loss Account	9
Balance Sheet	10
Statement of Changes in Equity	11
Notes to the Financial Statements	12 to 17

Dynasty Group Holdings Limited

Company Information

Directors

L M L Mansour H Elsherbini H H Halbouny Z M Abouelenin S M Elzeiny H R Nashed

Registered office

19th Floor 51 Lime Street London EC3M 7DQ

Accountants

Charter Tax Consulting Limited 8th Floor 1 Southampton Street London WC2R 0LR

Auditors

Lindeyer Francis Ferguson Limited North House 198 High Street Tonbridge Kent TN9 1BE

Dynasty Group Holdings Limited

Directors' Report for the Year Ended 31 December 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors of the company

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

L M L Mansour

H Elsherbini

M Y M L Mansour (Resigned 2 February 2024)

H H Halbouny

Z M Abouelenin

S M Elzeiny (appointed 8 January 2024)

H R Nashed

Principal activity

The principal activity of the company is that of a holding company.

Disclosure of information to the auditors

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Reappointment of auditors

The auditors Lindeyer Francis Ferguson Limited are deemed to be reappointed under section 487(2) of the Companies Act 2006.

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 25 September 2025 and signed on its behalf by:
 

Z M Abouelenin Director

Dynasty Group Holdings Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Dynasty Group Holdings Limited

Independent Auditor's Report to the Members of Dynasty Group Holdings Limited

Opinion

We have audited the financial statements of Dynasty Group Holdings Limited (“the company”) for the year ended 31 December 2024, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS102 Section 1A ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its loss for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We draw attention to Note 2 - Accounting policies, for the directors’ disclosure on going concern, which details the reliance on the parent company.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
 

Dynasty Group Holdings Limited

Independent Auditor's Report to the Members of Dynasty Group Holdings Limited

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.
 

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Directors' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	the company has not kept adequate and proper accounting records or returns adequate for our audit have not been received from branches not visited by us; or
•	the company’s financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of directors' remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit; or
•	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.

Page 5

Dynasty Group Holdings Limited

Independent Auditor's Report to the Members of Dynasty Group Holdings Limited

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined below, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

We obtained an understanding of the legal and regulatory framework applying to the company, and the procedures that management adopt to ensure compliance, and have considered the extent to which non-compliance might have a material effect on the financial statements, and in particular we identified: the Companies Act 2006 and FRS102 section1A.

We have also identified other laws and regulations that do not have a direct effect on the amounts or disclosures within the financial statements, but for which compliance is fundamental to the company’s operations, notably the healthcare regulations within which the company’s subsidiaries and wider group operate.

Having reviewed the laws and regulations applicable to the company, we designed and performed audit procedures to obtain sufficient appropriate audit evidence. Specifically, we:

•	Selected a team with relevant experience and skills to perform the audit;
•	Obtained an understanding of company and its group’s regulatory environment;

Dynasty Group Holdings Limited

Independent Auditor's Report to the Members of Dynasty Group Holdings Limited

•	Obtained and reviewed group internal policies and procedures;
•	Made enquiries of management regarding compliance with laws and regulations of the company and its subsidiaries;
•	Reviewed legal and consultancy expenses; and
•	Reviewed the completeness and accuracy of disclosures made in the financial statements.
	We assessed the susceptibility of the company’s financial statements to material misstatements, including considering how fraud might occur. This was performed by:
•	Making an assessment of the company’s control environment, systems and controls including identifying any weaknesses and considering the risk of management override of controls;
•	Considering whether management have incentives and opportunities to manipulate the financial results (including overriding controls);
•	Obtaining and evaluating the director’s assessment of the risk of fraud and whether they are aware of any actual or suspected fraud;
•	Reviewing the accounting policies and accounting estimates for signs of management bias; and
•	Identifying key risks of fraud as revenue recognition, going concern, subsidiaries based overseas, and management override of controls.
	We then designed audit procedures in response to the risks identified, including testing revenue completeness, reviewing cashflow forecasts and future plans, testing transactions with the subsidiaries and wider group, and reviewing journal entries and accounting estimates. The audit has been planned and performed in such a way as to best identify risks of material misstatement, however the inherent limitations of audit procedures means that there remains a risk that material misstatements may not be identified. In particular we are aware of the inherent difficulties in detecting irregularities, and irregularities that result from fraud may be more difficult to detect than irregularities that result from error, due for example, to override of controls, collusion or misrepresentations. In addition, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Dynasty Group Holdings Limited

Independent Auditor's Report to the Members of Dynasty Group Holdings Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

James Mathieson FCA (Senior Statutory Auditor)
For and on behalf of Lindeyer Francis Ferguson Limited, Statutory Auditor

North House
198 High Street
Tonbridge
Kent
TN9 1BE

25 September 2025

Dynasty Group Holdings Limited

Profit and Loss Account for the Year Ended 31 December 2024

	Note	2024 $	2023 $
Turnover		-	-
Gross profit/(loss)		-	-
Administrative expenses		6,857	8,639
Operating profit		6,857	8,639
Other interest receivable and similar income		30,000	28,750
Amounts written off investments		(1,319,610)	(8,011,541)
		(1,289,610)	(7,982,791)
Loss before tax		(1,282,753)	(7,974,152)
Loss for the financial year		(1,282,753)	(7,974,152)

The above results were derived from continuing operations.

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

Dynasty Group Holdings Limited

(Registration number: 10536053)
Balance Sheet as at 31 December 2024

	Note	2024 $	2023 $
Fixed assets
Investments	5	3,178,450	3,360,282
Current assets
Debtors: Amounts falling due within one year	6	329,939	324,396
Cash at bank and in hand		5,257	5,302
		335,196	329,698
Creditors: Amounts falling due within one year	7	(180,183)	(211,542)
Net current assets		155,013	118,156
Net assets		3,333,463	3,478,438
Capital and reserves
Called up share capital	8	13,289,506	12,151,728
Retained earnings		(9,956,043)	(8,673,290)
Shareholders' funds		3,333,463	3,478,438