Dunaros Limited SC523870 false 2025-02-01 2026-01-31 2026-01-31 The principal activity of the company is property development with some property rental Digita Accounts Production Advanced 6.30.9574.0 true SC523870 2025-02-01 2026-01-31 SC523870 2026-01-31 SC523870 bus:OrdinaryShareClass1 2026-01-31 SC523870 core:RetainedEarningsAccumulatedLosses 2026-01-31 SC523870 core:ShareCapital 2026-01-31 SC523870 core:CurrentFinancialInstruments 2026-01-31 SC523870 core:CurrentFinancialInstruments core:WithinOneYear 2026-01-31 SC523870 core:Non-currentFinancialInstruments 2026-01-31 SC523870 core:Non-currentFinancialInstruments core:AfterOneYear 2026-01-31 SC523870 core:LandBuildings 2026-01-31 SC523870 core:OtherPropertyPlantEquipment 2026-01-31 SC523870 core:OtherRelatedParties 2026-01-31 SC523870 bus:SmallEntities 2025-02-01 2026-01-31 SC523870 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 SC523870 bus:FullAccounts 2025-02-01 2026-01-31 SC523870 bus:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 SC523870 bus:RegisteredOffice 2025-02-01 2026-01-31 SC523870 bus:Director1 2025-02-01 2026-01-31 SC523870 bus:Director3 2025-02-01 2026-01-31 SC523870 bus:OrdinaryShareClass1 2025-02-01 2026-01-31 SC523870 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 SC523870 bus:Agent1 2025-02-01 2026-01-31 SC523870 core:RetainedEarningsAccumulatedLosses 2025-02-01 2026-01-31 SC523870 core:ShareCapital 2025-02-01 2026-01-31 SC523870 core:LandBuildings 2025-02-01 2026-01-31 SC523870 core:OtherPropertyPlantEquipment 2025-02-01 2026-01-31 SC523870 core:PlantMachinery 2025-02-01 2026-01-31 SC523870 core:OtherRelatedParties 2025-02-01 2026-01-31 SC523870 countries:AllCountries 2025-02-01 2026-01-31 SC523870 2025-01-31 SC523870 core:RetainedEarningsAccumulatedLosses 2025-01-31 SC523870 core:ShareCapital 2025-01-31 SC523870 core:LandBuildings 2025-01-31 SC523870 core:OtherPropertyPlantEquipment 2025-01-31 SC523870 core:OtherRelatedParties 2025-01-31 SC523870 2024-02-01 2025-01-31 SC523870 2025-01-31 SC523870 bus:OrdinaryShareClass1 2025-01-31 SC523870 core:CurrentFinancialInstruments 2025-01-31 SC523870 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 SC523870 core:Non-currentFinancialInstruments 2025-01-31 SC523870 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 SC523870 core:LandBuildings 2025-01-31 SC523870 core:OtherPropertyPlantEquipment 2025-01-31 SC523870 core:OtherRelatedParties 2025-01-31 SC523870 core:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 SC523870 core:ShareCapital 2024-02-01 2025-01-31 SC523870 core:OtherRelatedParties 2024-02-01 2025-01-31 SC523870 2024-01-31 SC523870 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC523870 core:ShareCapital 2024-01-31 SC523870 core:OtherRelatedParties 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC523870

Dunaros Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 January 2026

Dunaros Limited

Contents

Company Information | 1
Directors' Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12

Dunaros Limited

Company Information

Directors | Mr Calum Eoghann Maclachlainn Mr Allan MacLean

Registered office | 8A Baliscate Tobermory Isle Of Mull Argyll Scotland PA75 6QA

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Dunaros Limited

Directors' Report for the Year Ended 31 January 2026

The directors present their report and the financial statements for the year ended 31 January 2026.

Directors of the company

The directors who held office during the year were as follows:

Mr Calum Eoghann Maclachlainn

Mr Allan MacLean

Principal activity

The principal activity of the company is property development with some property rental

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:

......................................... Mr Calum Eoghann Maclachlainn Director

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dunaros Limited
for the Year Ended 31 January 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dunaros Limited for the year ended 31 January 2026 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Dunaros Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dunaros Limited and state those matters that we have agreed to state to the Board of Directors of Dunaros Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dunaros Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dunaros Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dunaros Limited. You consider that Dunaros Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Dunaros Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

21 May 2026

Dunaros Limited

Profit and Loss Account for the Year Ended 31 January 2026

| Note | 2026 £ | 2025 £
Turnover |  | 127,493 | 83,901
Cost of sales |  | (5,317) | (12,585)
Gross profit |  | 122,176 | 71,316
Administrative expenses |  | (67,262) | (68,431)
Operating profit |  | 54,914 | 2,885
Interest payable and similar expenses |  | (625) | (638)
Profit before tax |  | 54,289 | 2,247
Tax on profit |  | (6,796) | -
Profit for the financial year |  | 47,493 | 2,247

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Dunaros Limited

Statement of Comprehensive Income for the Year Ended 31 January 2026

| 2026 £ | 2025 £
Profit for the year | 47,493 | 2,247
Total comprehensive income for the year | 47,493 | 2,247

Dunaros Limited

(Registration number: SC523870)
Balance Sheet as at 31 January 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 3 | 729,653 | 15,138
Current assets |  |  |
Stocks | 4 | - | 717,542
Debtors | 5 | 11,804 | 10,004
Cash at bank and in hand |  | 9,185 | 6,019
|  | 20,989 | 733,565
Creditors: Amounts falling due within one year | 6 | (512,453) | (548,653)
Net current (liabilities)/assets |  | (491,464) | 184,912
Total assets less current liabilities |  | 238,189 | 200,050
Creditors: Amounts falling due after more than one year | 6 | (3,731) | (13,085)
Net assets |  | 234,458 | 186,965
Capital and reserves |  |  |
Called up share capital | 7 | 4 | 4
Retained earnings |  | 234,454 | 186,961
Shareholders' funds |  | 234,458 | 186,965

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 21 May 2026 and signed on its behalf by:

......................................... Mr Calum Eoghann Maclachlainn Director

Dunaros Limited

Statement of Changes in Equity for the Year Ended 31 January 2026

| Share capital £ | Retained earnings £ | Total £
At 1 February 2025 | 4 | 186,961 | 186,965
Profit for the year | - | 47,493 | 47,493
At 31 January 2026 | 4 | 234,454 | 234,458

| Share capital £ | Retained earnings £ | Total £
At 1 February 2024 | 4 | 184,714 | 184,718
Profit for the year | - | 2,247 | 2,247
At 31 January 2025 | 4 | 186,961 | 186,965

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% reducing balance
Freehold land & buildings | in accordance with the property

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

3 | Tangible assets

| Land and buildings £ | Other tangible assets £ | Total £
Cost or valuation
At 1 February 2025 | - | 21,629 | 21,629
Additions | 717,542 | - | 717,542
At 31 January 2026 | 717,542 | 21,629 | 739,171
Depreciation
At 1 February 2025 | - | 6,491 | 6,491
Charge for the year | - | 3,027 | 3,027
At 31 January 2026 | - | 9,518 | 9,518
Carrying amount
At 31 January 2026 | 717,542 | 12,111 | 729,653
At 31 January 2025 | - | 15,138 | 15,138

Included within the net book value of land and buildings above is £717,542 (2025 - £Nil) in respect of freehold land and buildings.

4 | Stocks

| 2026 £ | 2025 £
Work in progress | - | 717,542

5 | Debtors

Current | 2026 £ | 2025 £
Other debtors | 11,804 | 10,004
| 11,804 | 10,004

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

6 | Creditors

Creditors: amounts falling due within one year

| 2026 £ | 2025 £
Due within one year |  |
Trade creditors | - | 3,871
Taxation and social security | 8,029 | 91
Other creditors | 504,424 | 544,691
| 512,453 | 548,653

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 8 | 3,731 | 13,085

7 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary shares of £1 each | 4 | 4 | 4 | 4

8 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Bank borrowings | 3,731 | 13,085

9 | Related party transactions

Summary of transactions with other related parties

Argyll Properties Scotland Ltd Short term loan to help finance development of property

Loans from related parties

Dunaros Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

2026 | Other related parties £ | Total £
At start of period | 518,000 | 518,000
Repaid | (40,000) | (40,000)
At end of period | 478,000 | 478,000

2025 | Other related parties £ | Total £
At start of period | 468,000 | 468,000
Advanced | 50,000 | 50,000
At end of period | 518,000 | 518,000