REGISTERED NUMBER: 14339373 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

DOURADAS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S M Watson

REGISTERED OFFICE:

17 Parkside Gardens

London

SW19 5EU

REGISTERED NUMBER:

14339373 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

4th Floor Tuition House

27-37 St George's Road

Wimbledon

London

SW19 4EU

FIXED ASSETS

Intangible assets

4

224,481

223,537

Investments

5

20,361,843

10,072,627

20,586,324

10,296,164

CURRENT ASSETS

Debtors

6

50,042

-

Investments

7

16,800,028

13,688,245

16,850,070

13,688,245

CREDITORS

Amounts falling due within one year

8

33,639,340

22,088,694

NET CURRENT LIABILITIES

(16,789,270

)

(8,400,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,797,054

1,895,715

PROVISIONS FOR LIABILITIES

487,387

229,214

NET ASSETS

3,309,667

1,666,501

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

10

2,165,870

1,620,558

Retained earnings

1,143,787

45,933

3,309,667

1,666,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2026 and were signed by:

J S M Watson - Director

1.	STATUTORY INFORMATION

Douradas Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the proceeds from the disposal of investments in the period.

Wimbledon tennis debentures

The intangible assets are debentures in the All England Lawn Tennis Club. They are initially recognised at cost. The residual value of the investment is amortised over the useful life of the asset on a straight line basis.

Financial instruments

Cash at bank is measured at transaction price.

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Investments

The company has adopted Sections 11 and 12 of FRS102 in accounting for financial instruments.

Investments that meet the definition of basic financial instruments are subsequently measured at amortised cost using the effective interest method, less any impairment losses.

Investments that do not meet the definition of basic financial instruments, or which are designated to be measured at fair value, are measured at fair value at each reporting date, with gains and losses arising from changes in fair value recognised in the profit and loss account.

Gains and losses arising on the disposal of investments are recognised in the profit and loss account on the date of disposal.

Impairments

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Finance income and expense

Finance income includes interest receivable and dividend income receivable recognised when the right to receive payment has been established.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

357,593

Additions

139,000

Disposals

(4,000

)

At 30 September 2025

492,593

AMORTISATION

At 1 October 2024

134,056

Charge for year

134,056

At 30 September 2025

268,112

NET BOOK VALUE

At 30 September 2025

224,481

At 30 September 2024

223,537

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 October 2024

10,072,627

Additions

28,317,876

Disposals

(17,665,106

)

Revaluations

75,965

Exchange differences

(439,519

)

At 30 September 2025

20,361,843

NET BOOK VALUE

At 30 September 2025

20,361,843

At 30 September 2024

10,072,627

Cost or valuation at 30 September 2025 is represented by:

Other

investments

£

Valuation in 2025

972,810

Cost

19,389,033

20,361,843

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

50,042

-

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

16,800,028

13,688,245

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

26,849,413

20,994,160

Taxation and social security

286,670

151,642

Other creditors

6,503,257

942,892

33,639,340

22,088,694

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

26,849,413

20,994,160

The bank loan is secured by way of a fixed charge over the assets of the company.

10.

RESERVES

Revaluation

reserve

£

At 1 October 2024

1,620,558

Valuation movement

545,312

At 30 September 2025

2,165,870

11.	CAPITAL COMMITMENTS

At the balance sheet the company had contracted, but not provided, to subscribe in an investment fund for €10,000,000.