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REGISTERED NUMBER: 13794059 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

DOREY (UK) LIMITED

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

DOREY (UK) LIMITED

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | Mr M Dorey

| REGISTERED OFFICE: | 71-75 Shelton Street

| Covent Garden

| London

| WC2 9JQ

| REGISTERED NUMBER: | 13794059 (England and Wales)

| ACCOUNTANTS: | Offshore Private Client Limited

| Fairbairn House

| Rohais

| St Peter Port

| Guernsey

| GY1 1FE

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Statement of Financial Position

31 December 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 3,361 |  | 4,200 |  |

CURRENT ASSETS

Debtors | 5 | 39,314 |  | 19,373 |  |

CREDITORS

Amounts falling due within one year | 6 | (9,921 | ) | (3,503 | ) |

NET CURRENT ASSETS | 29,393 |  | 15,870 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 32,754 |  | 20,070 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 1 |  | 1 |  |

Retained earnings | 32,753 |  | 20,069 |  |

SHAREHOLDERS' FUNDS | 32,754 |  | 20,070 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 25 September 2025 and were signed by:

Mr M Dorey - Director

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Dorey (UK) Limited 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.

| Significant judgements and estimates

| The preparation of these financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies.

| The following principal accounting policies have been applied:

| Revenue recognition

| Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the Company.

| The Company recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the Company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the Company’s sales channels have been met, as described below.

| Turnover consists principally from the provision of actuarial and financial modelling services, and is recognised in the Income Statement on an accruals basis.

| Expenses recognition

| Administration expenses are recognised in the Income Statement on an accruals basis.

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, at the following annual rates:-

| Furniture and fittings |  | - 20% reducing balance |  |

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. It is anticipated that the assets will have no residual value at the end of their useful lives. Tangible assets are derecognised when they are no longer available for use by the company.

| Financial instruments

| i) Financial assets

| Basic financial assets, including debtors, cash and cash equivalents, are initially recognised at fair value plus directly related incremental transaction costs.

| Such assets are subsequently measured at amortised cost less impairment.

| 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. The impairment loss is recognised in impairment of financial instruments in the Income Statement.

| Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

| ii) Financial liabilities

| Basic financial liabilities, including creditors, trade and other payables, loans that are classified as debt, amounts owed to affiliated undertaking, other creditors and deferred income are initially recognised at transaction price.

| Creditors, trade and other payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors, trade and other payables are classified as becoming due and payable within one year if payment is due within one year or less. If not, they are presented as becoming due and payable after more than one year. Basic financial liabilities are subsequently measured at amortised cost.

| Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Taxation

| The company is resident in the United Kingdom and is subject to UK Corporation tax at 19%.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents includes cash in hand, deposits held on call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within Creditors - amounts falling due within one year.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures

| and

| fittings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 5,249 |  |

| DEPRECIATION

| At 1 January 2024 | 1,049 |  |

| Charge for year | 839 |  |

| At 31 December 2024 | 1,888 |  |

| NET BOOK VALUE

| At 31 December 2024 | 3,361 |  |

| At 31 December 2023 | 4,200 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 39,314 |  | 19,373 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Tax | 3,444 |  | 1,765 |  |

| Accrued expenses | 6,477 |  | 1,738 |  |

9,921 |  | 3,503 |  |

DOREY (UK) LIMITED (REGISTERED NUMBER: 13794059)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 1 | Ordinary shares | 1 | 1 |  | 1 |  |