Dust Group Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

1. General Information

Dust Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11775273 . The registered office is Studio 2, 6-8 Cole Street, London, SE1 4YH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

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Dust Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 February 2024	210

As at 31 January 2025	210

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	210

As at 1 February 2024	210

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Dust Design Ltd
Address - Unit 12, 6-8 Cole Street, London, SE1 4YH
Holding - Ordinary
Proportion of
voting rights/shares held - 100% (2024 - 100%)
Dust Project Management Ltd
Address -Unit 12, 6-8 Cole Street, London, SE1 4YH
Holding - Ordinary A
Proportion of
voting rights/shares held - 100% (2024 - 100%)
Holding - Ordinary B
Proportion of
voting rights/shares held - 100% (2024 - 100%)

Subsidiary undertakings

Dust Design Ltd

The principal activity of Dust Design Ltd is Architectural Services. The loss for the financial period of Dust Design Ltd was £152,693 (2024 - loss of £185,965) and the aggregate amount of capital and deficit at the end of the period was £431,988 (2024 - capital and deficits £279,590).

Dust Project Management Ltd

The principal activity of Dust Project Management Ltd is Project management and consultancy. The profit for the financial period of Dust Project Management Ltd was £81,697 (2024 - £171,670) and the aggregate amount of capital and reserves at the end of the period was £34,881 (2024 - £21,843).

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	61,784	57,784
VAT	-	4,000
Directors' loan accounts	83,032	17,051

	144,816	78,835

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Dust Group Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1	1
Corporation tax	1,781	-
Amounts owed to group undertakings - Dust Project Management Ltd/Dust Design Ltd	148,080	82,650

	149,862	82,651

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2025
	£	£	£	£	£
Mr Anthony Ambrose	8,526	75,134	42,143	-	41,517
Mrs Naomi Ambrose	8,525	75,133	42,143	-	41,515

The above loan is unsecured and repayable on demand. Interest is payable at the rate of 2.25%

9. Related Party Transactions

Dust Design Ltd

Subsidiary

The parent company has provided loans to the subsidiary. As at the year end, the amount outstanding was £305,602 (2024 - £168,377).

Dust Project Management Ltd

Subsidiary

The parent company has been provided with loans from the subsidiary. As at the year end, the amount outstanding was £453,683 (2024 - £251,027).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		210		210

			210		210
CURRENT ASSETS
Debtors	5	144,816		78,835
Cash at bank and in hand		13,739		7,245

		158,555		86,080
Creditors: Amounts Falling Due Within One Year	6	(149,862 )		(82,651 )

NET CURRENT ASSETS (LIABILITIES)			8,693		3,429

TOTAL ASSETS LESS CURRENT LIABILITIES			8,903		3,639

NET ASSETS			8,903		3,639

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			8,893		3,629

SHAREHOLDERS' FUNDS			8,903		3,639