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Company No: 08405362 (England and Wales)

# DUCHY ENTERPRISES LIMITED

### Unaudited Financial Statements
For the financial year ended 28 February 2026
Pages for filing with the registrar

DUCHY ENTERPRISES LIMITED

## Unaudited Financial Statements

For the financial year ended 28 February 2026

Contents

DUCHY ENTERPRISES LIMITED

## BALANCE SHEET

As at 28 February 2026
DUCHY ENTERPRISES LIMITED

## BALANCE SHEET (continued)

As at 28 February 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 705,000 |  | 1,034,193
|  | 705,000 |  | 1,034,193
Current assets |  |  |  |
Debtors | 4 | 0 |  | 90
Cash at bank and in hand |  | 11,482 |  | 8,924
|  | 11,482 |  | 9,014
Creditors: amounts falling due within one year | 5 | ( 497,484) |  | ( 855,189)
Net current liabilities |  | (486,002) |  | (846,175)
Total assets less current liabilities |  | 218,998 |  | 188,018
Net assets |  | 218,998 |  | 188,018
Capital and reserves |  |  |  |
Called-up share capital | 6 | 15 |  | 15
Profit and loss account |  | 218,983 |  | 188,003
Total shareholders' funds |  | 218,998 |  | 188,018

For the financial year ending 28 February 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 financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Duchy Enterprises Limited (registered number: 08405362) were approved and authorised for issue by the Board of Directors on 12 June 2026. They were signed on its behalf by:

M J Ellery Director |

DUCHY ENTERPRISES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026
DUCHY ENTERPRISES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Duchy Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 17 Esplanade Road, Newquay, TR7 1QB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable in the activities of open-ended investment companies. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Fixed asset investments

| Loans |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 March 2025 | 1,034,193 |  | 1,034,193
Disposals | ( 329,193) |  | ( 329,193)
At 28 February 2026 | 705,000 |  | 705,000
Carrying value at 28 February 2026 | 705,000 |  | 705,000
Carrying value at 28 February 2025 | 1,034,193 |  | 1,034,193

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Other debtors | 0 |  | 90

#### 5. Creditors: amounts falling due within one year

| 2026 |  | 2025
| £ |  | £
Amounts owed to Group undertakings | 486,455 |  | 504,920
Taxation and social security | 9,469 |  | 9,280
Other creditors | 1,560 |  | 340,989
| 497,484 |  | 855,189

#### 6. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 0.15 each | 15 |  | 15

#### 7. Related party transactions

Other related party transactions

| 2026 |  | 2025
| £ |  | £
Anderson Lloyd International Limited (BVI) | 486,455 |  | 504,920

At the balance sheet date company owed £486,455 (2025: £504,920) to Anderson Lloyd International Limited (BVI) under common control.