ACCOUNTS - Final Accounts

Registered number: 15811042

DUNAMIS ASSETS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

DUNAMIS ASSETS LIMITED

Company Information

Directors	M L Spronken (appointed 1 July 2024)
	R J Donaldson (appointed 1 July 2024)


Registered number	15811042


Registered office	3rd Floor
	12 Gough Square
	London
	EC4A 3DW

DUNAMIS ASSETS LIMITED

Registered number: 15811042

Balance sheet

As at 31 December 2024

		2024
Note		£

Fixed assets
Investments	4		8,565,618
			8,565,618
Current assets
Cash at bank and in hand	5	400,049
		400,049
Creditors: amounts falling due within one year	6	(8,968,252)
Net current liabilities			(8,568,203)
Total assets less current liabilities			(2,585)

Net liabilities			(2,585)

Capital and reserves
Called up share capital			100
Profit and loss account			(2,685)
			(2,585)

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

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DUNAMIS ASSETS LIMITED

Registered number: 15811042

Balance sheet (continued)

As at 31 December 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 October 2025.

R J Donaldson

Director

The notes on pages 3 to 6 form part of these financial statements.

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DUNAMIS ASSETS LIMITED

Notes to the financial statements

For the Period Ended 31 December 2024

1.	General information

Dunamis Assets Limited is a private limited company, incorporated in the United Kingdom and registered in England and Wales. The Company's registered office address is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

The company was incorporated on 1 July 2024 and has prepared financial statements for the period to 31 December 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

2.3

Going concern

Despite being in a net liabilities position, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. On this basis, the company continues to adopt the going concern basis in preparing the financial statements.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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DUNAMIS ASSETS LIMITED

Notes to the financial statements

For the Period Ended 31 December 2024

2.Accounting policies (continued)

2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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DUNAMIS ASSETS LIMITED

Notes to the financial statements

For the Period Ended 31 December 2024

2.Accounting policies (continued)

2.7

Financial instruments (continued)

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the period was 2.

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DUNAMIS ASSETS LIMITED

Notes to the financial statements

For the Period Ended 31 December 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	8,565,618
	At 31 December 2024	8,565,618

5.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	400,049
		400,049

6.	Creditors: Amounts falling due within one year
		2024
		£

	Other creditors	8,965,752
	Accruals and deferred income	2,500
		8,968,252

Related party transactions

During the year, the company entered into a loan agreement with shareholders. The total loan amount of £400,000 bears interest at 2.431% (EURIBOR (1-year)). Interest payable at the year end amounted to £134. At the year end the balance outstanding on the loans amounted to £400,134.

At the balance sheet date, the company also holds an additional creditor balance of £600,000 with shareholders. The balance is interest free and repayable on demand.

At the balance sheet date, the company also holds a creditor balance of £7,965,618 with a company under common control. The balance is interest free and repayable on demand.

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