Duck Island Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 4830850

Duck Island Limited

Filleted Financial Statements

30 June 2025

Duck Island Limited

Directors' Responsibilities Statement

Year ended 30 June 2025

The directors are responsible for preparing the directors' 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 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 then apply them consistently; - make judgments 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.

Duck Island Limited

Statement of Financial Position

30 June 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	115,500	115,500
Investments	5	463,861	374,278
		---------	---------
		579,361	489,778

Current assets

Stocks		68,883	97,944
Debtors	6	57,050	70,293
Cash at bank and in hand		171,552	217,845
		---------	---------
		297,485	386,082

Creditors: amounts falling due within one year	7	74,032		109,219
		---------		---------
Net current assets			223,453	276,863
			---------	---------
Total assets less current liabilities			802,814	766,641

Provisions

Taxation including deferred tax	7,799	–
	---------	---------
Net assets	795,015	766,641
	---------	---------

Capital and reserves

Called up share capital	9	111,000	111,000
Share premium account		120,000	120,000
Profit and loss account		564,015	535,641
		---------	---------
Shareholders funds		795,015	766,641
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 27 October 2025 , and are signed on behalf of the board by:

M H J Plaut

Director

Company registration number: 4830850

Duck Island Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The principal activity of the company during the year was the supply of goods to the hotel and leisure industry. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Freehold property	-	2% straight line

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss.

4. Tangible assets

	Freehold property
	£
Cost
At 1 July 2024 and 30 June 2025	180,000
	---------
Depreciation
At 1 July 2024 and 30 June 2025	64,500
	---------
Carrying amount
At 30 June 2025	115,500
	---------
At 30 June 2024	115,500
	---------

5. Investments

	Other investments other than loans
	£
Valuation
At 1 July 2024	374,278
Additions	276,015
Disposals	( 193,832)
Revaluations	7,400
	---------
At 30 June 2025	463,861
	---------
Impairment
At 1 July 2024 and 30 June 2025	–
	---------

Carrying amount
At 30 June 2025	463,861
	---------
At 30 June 2024	374,278
	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	39,613	50,302
Other debtors	17,437	19,991
	--------	--------
	57,050	70,293
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	62,502	84,415
Corporation tax	6,650	17,114
Other creditors	4,880	7,690
	--------	---------
	74,032	109,219
	--------	---------

8. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	461,262	374,278
	---------	---------

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	111,000	111,000	111,000	111,000
	---------	---------	---------	---------

10. Summary audit opinion

The auditor's report dated 15 November 2025 was unqualified .

The senior statutory auditor was P Mattei , for and on behalf of Leaman Mattei .

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
T Boundford	12,000	12,000
	--------	--------

12. Related party transactions

During the period, the company received rental income of £10,250 (2024: £10,250) from Northmace & Hendon Limited, a company controlled by M H J Plaut and a close family member. The company also paid management charges of £40,291 (2024: £40,291) to Northmace & Hendon Limited.

13. Controlling party

The ultimate controlling party is M H J Plaut and a close family member.