Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 2025-01-01 false No description of principal activity 3 3 true true false 6936785 2025-01-01 2025-12-31 6936785 2024-01-01 2024-12-31 6936785 2025-12-31 6936785 2024-12-31 6936785 c:Director2 2025-01-01 2025-12-31 6936785 c:RegisteredOffice 2025-01-01 2025-12-31 6936785 d:Buildings d:LongLeaseholdAssets 2025-01-01 2025-12-31 6936785 d:Buildings d:LongLeaseholdAssets 2025-12-31 6936785 d:Buildings d:LongLeaseholdAssets 2024-12-31 6936785 d:PlantMachinery 2025-01-01 2025-12-31 6936785 d:PlantMachinery 2025-12-31 6936785 d:PlantMachinery 2024-12-31 6936785 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 6936785 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 6936785 d:CurrentFinancialInstruments 2025-12-31 6936785 d:CurrentFinancialInstruments 2024-12-31 6936785 d:Non-currentFinancialInstruments 2025-12-31 6936785 d:Non-currentFinancialInstruments 2024-12-31 6936785 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 6936785 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 6936785 d:ShareCapital 2025-12-31 6936785 d:ShareCapital 2024-12-31 6936785 d:RetainedEarningsAccumulatedLosses 2025-12-31 6936785 d:RetainedEarningsAccumulatedLosses 2024-12-31 6936785 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-01-01 2025-12-31 6936785 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2025-12-31 6936785 c:FRS102 2025-01-01 2025-12-31 6936785 c:Audited 2025-01-01 2025-12-31 6936785 c:FullAccounts 2025-01-01 2025-12-31 6936785 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 6936785 d:WithinOneYear 2025-12-31 6936785 d:WithinOneYear 2024-12-31 6936785 d:BetweenOneFiveYears 2025-12-31 6936785 d:BetweenOneFiveYears 2024-12-31 6936785 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 6936785 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 6936785
| FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| DUXIANA LONDON LIMITED
DUXIANA LONDON LIMITED |  |
COMPANY INFORMATION
Director | Henrik Ljung
Registered number | 6936785
Registered office | 95 Gresham Street
| London
| EC2V 7AB
Independent auditor | Menzies LLP
| Chartered Accountants & Statutory Auditor
| 95 Gresham Street
| London
| EC2V 7AB
Trading address | 46 George Street
| London
| W1U 7DX
DUXIANA LONDON LIMITED |  |
CONTENTS
| Page
Statement of financial position | 1
Notes to the financial statements | 2 - 8
DUXIANA LONDON LIMITED REGISTERED NUMBER:6936785 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible fixed assets |  |  | 66,310 |  | 57,439
|  |  | 66,310 |  | 57,439
Current assets |  |  |  |  |
Stocks | 6 | 248,460 |  | 154,739 |
Debtors: amounts falling due after more than one year | 7 | 5,000 |  | - |
Debtors: amounts falling due within one year | 7 | 83,844 |  | 369,588 |
Cash at bank and in hand |  | 104,705 |  | 39,484 |
|  | 442,009 |  | 563,811 |
Creditors: amounts falling due within one year | 8 | (644,065) |  | (886,495) |
Net current liabilities |  |  | (202,056) |  | (322,684)
Total assets less current liabilities |  |  | (135,746) |  | (265,245)
Provisions for liabilities |  |  |  |  |
Other provisions |  | (40,000) |  | - |
|  |  | (40,000) |  | -
Net liabilities |  |  | (175,746) |  | (265,245)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | (175,747) |  | (265,246)
|  |  | (175,746) |  | (265,245)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Henrik Ljung
Director
Date: 25 June 2026
The notes on pages 2 to 8 form part of these financial statements. Page 1
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Duxiana London Limited is a private company, limited by shares, domiciled in England and Wales. The address of its registered office, registered number and principal place of business are given on the Company Information page. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have assessed the Company’s ability to continue as a going concern for a period of at least 12 months from the date of approval and signing of these financial statements. The financial statements have been prepared on a going concern basis on the grounds that the Company’s parent company, DUX International AB, has confirmed its intention to continue to provide financial support to the Company to enable it to meet its liabilities as they fall due and to continue its ordinary activities. This support is expected to be provided on terms consistent with the financial support provided by the parent company to date. Having considered the Company’s expected cash requirements and the continued financial support from its parent company, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence for at least 12 months from the date of approval and signing of these financial statements. Accordingly, the directors consider it appropriate to prepare the financial statements on a going concern basis.
| 2.3 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.4 | 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. Page 2
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Revenue (continued)
Responsibility for and ownership of the goods passes to the customer when the goods are delivered or collected by the customer. If the goods have not been collected or delivered within 8 weeks of the customer being notified that the goods are ready, the revenue is recognised if payment has been received in full, in accordance with the terms and conditions of sale as the responsibility and ownership is transferred at this point.
| 2.5 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Taxation
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income.
| 2.7 | 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. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold improvements | - | Over the useful economic life of the asset
|  |  |  | Plant and machinery | - | Straight line over 3 years
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. Where the company has an obligation to restore a leased property to its original condition, a provision is recognised at the present value of the estimated future restoration costs. A corresponding asset is recognised within leasehold improvements and is depreciated on a straight-line basis over the remaining term of the lease. Page 3
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.8 | Stocks
Stocks are 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 reporting date, stocks are 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.
| 2.9 | Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
| 2.10 | Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102. Financial instruments are recognised in the Company's Statement of Financial Position 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 trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic 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 the deduction of all its liabilities. Page 4
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.10 | Financial instruments (continued)
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Judgements in applying accounting policies and key sources of estimation uncertainty
In preparing the financial statements, the directors are required to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. These judgements and estimates are based on the directors’ experience and other relevant factors, but actual results may differ from the amounts recognised. The key source of estimation uncertainty relates to the dilapidations provision for the Company’s two leased retail stores. The provision represents the directors’ best estimate of the costs required to meet lease restoration obligations, based on the lease terms, the condition of the stores and expected repair or reinstatement works. The final costs may differ depending on the condition of the properties at lease end, landlord negotiations and future contractor, labour and materials costs.
4. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2024 -3).
Page 5
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Tangible fixed assets
|  | Leasehold improvement | Plant and machinery | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2025 | 161,376 | 22,175 | 183,551
| Additions | 40,000 | - | 40,000
| At 31 December 2025 | 201,376 | 22,175 | 223,551
| Depreciation |  |  |
| At 1 January 2025 | 105,362 | 20,750 | 126,112
| Charge for the year on owned assets | 29,704 | 1,425 | 31,129
| At 31 December 2025 | 135,066 | 22,175 | 157,241
| Net book value |  |  |
| At 31 December 2025 | 66,310 | - | 66,310
| At 31 December 2024 | 56,014 | 1,425 | 57,439
6. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 248,460 | 154,739
|  | 248,460 | 154,739
Page 6
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
7. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due after more than one year |  |
| Other debtors | 5,000 | -
|  | 5,000 | -
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Due within one year |  |
| Trade debtors | 13,274 | 86,134
| Other debtors | 704 | 368
| Prepayments and accrued income | 69,866 | 283,086
|  | 83,844 | 369,588
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 30,769 | 29,051
| Amounts owed to group undertakings | 407,898 | 727,342
| Other taxation and social security | 5,653 | 27,131
| Other creditors | 931 | 856
| Accruals and deferred income | 198,814 | 102,115
|  | 644,065 | 886,495
9. | Provisions
|  | Dilapidation Provision
|  | £
| Capitalised in fixed assets | 40,000
| At 31 December 2025 | 40,000
Page 7
DUXIANA LONDON LIMITED |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
10. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 103,000 | 65,000
| Later than 1 year and not later than 5 years | 103,508 | 65,000
|  | 206,508 | 130,000
11. | Controlling party
DUX International AB, a company incorporated in Sweden, is the parent company of the smallest group for which the consolidated financial statements are drawn up of which the company is a member. The parent company's registered office is Norra Vallgatan 76, 211 22 Malmö, Sweden.
12. | Auditor's information
The auditor's report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 25 June 2026 by Sarah Hallam FCCA (Senior statutory auditor) on behalf of Menzies LLP.
Page 8