REGISTERED NUMBER: 02583455 (England and Wales)

Dunsvalley Associates Limited

Financial statements

for the year ended 31 August 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

A S Ahmed

M T Ahmed

M S Ahmed

A Hoque

Registered office:

Ivy Hill Hotel

Writtle Road

Margaretting

Ingatestone

CM4 0EH

Registered number:

02583455 (England and Wales)

Auditors:

Clay Ratnage Strevens & Hills

Chartered Accountants and

Statutory Auditor

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

Fixed assets

Tangible assets

4

481,546

519,800

Investments

5

-

8,401

481,546

528,201

Current assets

Stock

6

19,179

19,456

Debtors

7

35,439

35,268

Cash at bank and in hand

35,898

118,625

90,516

173,349

Creditors

Amounts falling due within one year

8

1,169,830

1,144,329

Net current liabilities

(1,079,314

)

(970,980

)

Total assets less current liabilities

(597,768

)

(442,779

)

Provisions for liabilities

9

17,126

20,141

Net liabilities

(614,894

)

(462,920

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(614,994

)

(463,020

)

(614,894

)

(462,920

)

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

A Hoque - Director

1.	Statutory information

Dunsvalley Associates 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.

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.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with

ownership nor effective control over the goods sold;

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

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.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight-line method and the reducing balance basis.

Depreciation is provided at the following rates:

Land and buildings

- 4% straight line

Leasehold additions

- written off over the term of the lease

Furniture, fittings and equipment

- 15% reducing balance

Computer equipment

- 15% 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 profit or loss.

Stock

Stock is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stock is assessed for impairment. If stock is 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

Financial instruments

The company has elected to apply Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and subsequently carried at amortised cost using the effective interest method, less any impairment provision. Where an arrangement constitutes a financing transaction, whereby payment is deferred beyond normal business terms, it is measured at the present value of future receipts discounted at a market rate of interest. Discounting is omitted where the effect is immaterial.

Impairment of financial assets

Financial assets are assessed for impairment at each reporting date. An impairment loss arises where events subsequent to initial recognition indicate that estimated future cash flows have been adversely affected, and is measured as the difference between the carrying amount and the present value of future cash flows at the original effective interest rate. Where the indicators of impairment subsequently reverse, the impairment loss may be reversed up to the original carrying amount, and is recognised in profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of their contractual arrangements. An equity instrument is any contract that evidences a residual interest in the assets of the company after deduction of all its liabilities.

Basic financial liabilities, including trade and other payables and bank and other loans, are initially measured at transaction price after transaction costs, or where a financing transaction exists, at the present value of future payments discounted at a market rate of interest. Discounting is omitted where the effect is immaterial. All debt instruments, including trade payables, are subsequently carried at amortised cost using the effective interest method.

Trade payables are classified as current liabilities where payment is due within one year, and as non-current liabilities otherwise.

Derecognition of financial instruments

Financial assets are derecognised when contractual rights to future cash flows expire, are settled, or when the asset and substantially all risks and rewards of ownership are transferred to another party. Where significant risks and rewards are retained, the relevant portion continues to be recognised. Financial liabilities are derecognised when the related contractual obligations are discharged, cancelled or expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Valuation of investments

Investments held as fixed asset investments are held under the cost model and are stated at historic cost less any accumulated impairment losses.

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

3.	Employees and directors

The average number of employees during the year was 57 (2024 - 61 ) .

4.	Tangible fixed assets

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

Cost

At 1 September 2024

and 31 August 2025

1,916,476

974,733

38,888

2,930,097

Depreciation

At 1 September 2024

1,491,128

889,930

29,239

2,410,297

Charge for year

24,087

12,720

1,447

38,254

At 31 August 2025

1,515,215

902,650

30,686

2,448,551

Net book value

At 31 August 2025

401,261

72,083

8,202

481,546

At 31 August 2024

425,348

84,803

9,649

519,800

5.	Fixed asset investments

Other

investments

£

Cost

At 1 September 2024

8,401

Disposals

(8,401

)

At 31 August 2025

-

Net book value

At 31 August 2025

-

At 31 August 2024

8,401

6.

Stock

2025

2024

£

£

Food

11,169

11,433

Liquor

8,010

8,023

19,179

19,456

7.

Debtors

2025

2024

£

£

Trade debtors

3,414

1,650

Other debtors

32,025

33,618

35,439

35,268

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

190,850

236,781

Amounts owed to parent company

884,508

822,909

Taxation and social security

66,161

62,618

Other creditors

28,311

22,021

1,169,830

1,144,329

9.	Provisions for liabilities

2025

2024

£

£

Deferred tax

17,126

20,141

Deferred

tax

£

Balance at 1 September 2024

20,141

Released during the year

(3,015

)

Balance at 31 August 2025

17,126

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the auditors was unqualified.

Laura Main (Senior Statutory Auditor)

for and on behalf of Clay Ratnage Strevens & Hills

11.	Related party disclosures

During the year the company was charged £Nil (2024 - £6,644) for consultancy services provided by Ralis Services SA, the company's ultimate holding company. The company was also charged management charges of £30,000 (2024 - £20,137) by Tormage Limited, an associated company.

At the balance sheet date the company owed Tormage Limited £3,459 (2024 - £11,495) and was owed from Tormage Limited £640 (2024 - £851).

The director has elected to take advantage of the exemption as set out in paragraph 33.1A of FRS 102 and has therefore not disclosed transactions with the parent company on the basis that the company is a wholly owned subsidiary of the parent company.

12.	Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund in the year and amounted to £15,121 (2024 - £11,324).

13.	Going concern

The financial statements disclose net current liabilities of £1,079,314 and net liabilities of £614,894. Therefore, the company is reliant upon the continued support of its creditors, which consist mainly of the loan from the parent company. The directors have chosen to prepare the accounts on a going concern basis having regard to the fact that the support of the parent company continued through to the date when the ownership of company changed hands in February 2026. At this point the parent company loan was released and the company returned to a solvent position.

14.	Parent company

The parent company of the smallest group within which Dunsvalley Associates Limited belonged as at 31st August 2025 was Sedum Limited, a company incorporated in England and Wales. The registered office and principal place of business of Sedum Limited is Pontlands Park Hotel, West Hanningfield Road, Great Baddow, Chelmsford, Essex, CM2 8HR.

Subsequent to the year end ownership of Dunsvalley Associates Limited has changed and the parent company is now Hadiqa Limited. The registered office of Hadiqa Limited is 146 Bethnal Green Road, London, E2 6DG.

15.	Ultimate parent undertaking and controlling party

The company's ultimate holding company at the balance sheet date was Ralis Services SA, a company incorporated in the British Virgin Islands.