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Registered number: 12097660
DUNDRUM INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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DUNDRUM INVESTMENTS LIMITED
REGISTERED NUMBER: 12097660
STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2025
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Current asset investments
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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DUNDRUM INVESTMENTS LIMITED
REGISTERED NUMBER: 12097660
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2025
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
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 comprehensive income 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:
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Trelawny S.R.L (Davide Borghi, a director of Trelawny S.R.L)
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The notes on pages 4 to 7 form part of these financial statements.
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DUNDRUM INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
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At 1 August 2023 (as previously stated)
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Prior year adjustment - correction of error
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At 1 August 2023 (as restated)
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Comprehensive income for the year
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At 1 August 2024 (as previously stated)
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Prior year adjustment - correction of error
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At 1 August 2024 (as restated)
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Comprehensive income for the year
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The notes on pages 4 to 7 form part of these financial statements.
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DUNDRUM INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
Dundrum Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12097660. The registered office is 10 Queen Street Place, London, EC4R 1AG.
2.Accounting policies
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Basis of preparation of financial statements
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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:
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Foreign currency translation
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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.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
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.
Interest income is recognised in profit or loss using the effective interest method.
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DUNDRUM INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
2.Accounting policies (continued)
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
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Cash and cash equivalents
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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.
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.
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DUNDRUM INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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Current asset investments
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DUNDRUM INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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The loan is secured by a debenture comprising security over all shares and investments in Dundrum Investments Limited and the related rights attaching thereto, together with a floating charge over the whole of the company's assets and undertaking.
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The comparative financial statements have been restated to recognise the sale of shares in 2023. The
disposal of the shares had not been fully recognised in the 2023 financial statements. The effect of the
adjustment is as follows:
a) a decrease in the retained profit and loss and net assets at 1 August 2023 by £2,719,817 to
£2,819,297.
b) a decrease in the retained profit and loss and net assets at 1 August 2024 by £2,943,763 to
£4,996,964.
c) a decrease in Turnover for the year ended 31 July 2023 of £3,026,534 to £662,279.
d) a decrease in fair value movements for the year ended 31 July 2023 and 2024 of £307,016 and
£185,387 respectively.
e) a decrease in the fixed asset balance as at 31 July 2024 of £5,599,018 to £9,139,874.
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Related party transactions
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Included in creditors is a debenture loan of £13,210,466 (2024: £13,210,467) from a company director.
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