Company registration number 08671896 (England and Wales)
DUNTOWER CORPORATION LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
DUNTOWER CORPORATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
DUNTOWER CORPORATION LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
$
$
$
$
Current assets
Debtors
4
6,075,885
6,631,410
Cash at bank and in hand
267,305
890,631
6,343,190
7,522,041
Creditors: amounts falling due within one year
5
(5,185,096)
(6,859,233)
Net current assets
1,158,094
662,808
Capital and reserves
Called up share capital
16
16
Profit and loss reserves
1,158,078
662,792
Total equity
1,158,094
662,808

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 June 2026 and are signed on its behalf by:
Mr Carlos Cavallo
Mr Jorge Cavallo
Director
Director
Company registration number 08671896 (England and Wales)
DUNTOWER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Duntower Corporation Limited is a private company limited by shares incorporated in England and Wales. The registered office is Universal House, 88-94 Wentworth Street, London, E1 7SA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in US $, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest $.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Sales are recognised when the goods are delivered, which is taken to be when the customer has accepted the goods and the related risks and rewards of ownership. Revenue is measured at the value of the consideration received or receivable, net of any trade discounts, volume rebates, or other allowances.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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

DUNTOWER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

DUNTOWER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
4
Debtors
2025
2024
Amounts falling due within one year:
$
$
Trade debtors
6,075,885
6,631,410
DUNTOWER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 5 -
5
Creditors: amounts falling due within one year
2025
2024
$
$
Trade creditors
3,530,005
4,078,106
Corporation tax
175,586
225,193
Other taxation and social security
923
705
Other creditors
1,478,582
2,555,229
5,185,096
6,859,233
6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 30 September 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Malcolm Kauder
Statutory Auditor:
PMK & Associates LLP
Date of audit report:
24 June 2026
7
Related party transactions

During the year, the company paid $1 64,000 (2024: $105,000) to Ragasan, a company owned by the family of the director in respect of daily administration work.

8
Directors' transactions

Included under other creditor s is an amount of $1,454,866 (2024 : $ 2,518,986) due to the directors.

Mr J Cavallo and Mr C Cavallo are both directors of the company.

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
$
$
$
$
Mr Carlos Cavallo -
-
(1,206,472)
(340,000)
1,148,776
(397,696)
Mr Jorge Cavallo -
-
(1,312,514)
-
255,344
(1,057,170)
DUNTOWER CORPORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
8
Directors' transactions
(Continued)
- 6 -
(2,518,986)
(340,000)
1,404,120
(1,454,866)
9
Ultimate controlling party

The ultimate controlling parties are Mr C Cavallo and Mr J Cavallo by virtue of their shareholding in the company.

2025-09-30 2024-10-01 false false false 24 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Carlos Cavallo Mr Jorge Cavallo 08671896 2024-10-01 2025-09-30 08671896 2025-09-30 08671896 2024-09-30 08671896 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 08671896 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 08671896 core:CurrentFinancialInstruments 2025-09-30 08671896 core:CurrentFinancialInstruments 2024-09-30 08671896 core:ShareCapital 2025-09-30 08671896 core:ShareCapital 2024-09-30 08671896 core:RetainedEarningsAccumulatedLosses 2025-09-30 08671896 core:RetainedEarningsAccumulatedLosses 2024-09-30 08671896 bus:Director1 2024-10-01 2025-09-30 08671896 bus:Director2 2024-10-01 2025-09-30 08671896 2023-10-01 2024-09-30 08671896 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 08671896 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 08671896 bus:FRS102 2024-10-01 2025-09-30 08671896 bus:Audited 2024-10-01 2025-09-30 08671896 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP