Duo Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07022400

Duo Investments Limited

Filleted Unaudited Financial Statements

31 March 2025

Duo Investments Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	395,700	395,700
Investments	6	251,782	251,782
		---------	---------
		647,482	647,482

Current assets

Stocks		42,734	42,734
Debtors	7	1,516,411	1,420,442
Cash at bank and in hand		1,645	3,071
		------------	------------
		1,560,790	1,466,247

Creditors: amounts falling due within one year	8	827,967		802,888
		------------		------------
Net current assets			732,823	663,359
			------------	------------
Total assets less current liabilities			1,380,305	1,310,841

Creditors: amounts falling due after more than one year	9	750,000	750,000
		------------	------------
Net assets		630,305	560,841
		------------	------------

Capital and reserves

Called up share capital	1,000	1,000
Profit and loss account	629,305	559,841
	---------	---------
Shareholders funds	630,305	560,841
	---------	---------

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.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Duo Investments Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 9 December 2025 , and are signed on behalf of the board by:

Mr T Dean

Director

Company registration number: 07022400

Duo Investments Limited

Notes to the Financial Statements

Year ended 31 March 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 Studio D, South Cambridge Business Park, Babraham Road, Sawston, Cambridge, CB22 3JH.

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 financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

All fixed assets are initially recorded at cost. Investment properties are stated at open market value at net of a provision for disposal costs.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 2 ).

5. Tangible assets

	Land and buildings
	£
Cost
At 1 April 2024 and 31 March 2025	395,700
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	395,700
	---------
At 31 March 2024	395,700
	---------

Tangible assets held at valuation

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	251,782
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	251,782
	---------
At 31 March 2024	251,782
	---------

The following investments where the company held 50% or more equity:

Dean & Dean Construction Ltd - 100% equity

Duo Property Limited - 100% equity

Identified Investments Ltd - 66% equity

Madingley Developments Limited - 50% equity

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	1,266,003	1,170,001
Other debtors	250,408	250,441
	------------	------------
	1,516,411	1,420,442
	------------	------------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	155,605	170,058
Amounts owed to group undertakings and undertakings in which the company has a participating interest	656,108	616,284
Social security and other taxes	1,556	1,560
Other creditors	14,698	14,986
	---------	---------
	827,967	802,888
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	750,000	750,000
	---------	---------

The bank loan is secured by way of a fixed and floating charge over the trade and assets of the company.