Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dovelight Ltd
for the year ended 31 October 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dovelight Ltd for the year ended 31 October 2025 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at www.icas.com.

This report is made solely to the Board of Directors of Dovelight Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dovelight Ltd and state those matters that we have agreed to state to the Board of Directors of Dovelight Ltd, as a body, in this report in accordance with the requirements of The Institute of Chartered Accountants of Scotland as detailed at www.icas.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dovelight Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dovelight Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Dovelight Ltd. You consider that Dovelight Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Dovelight Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Mitchell Oswald Chartered Accountants
28 James Young Road
Bathgate
West Lothian
EH48 2UP

29 October 2026

Dovelight Ltd

(Registration number: SC462134)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	217,955	217,972
Current assets
Debtors	5	935,399	926,591
Cash at bank and in hand		114	-
		935,513	926,591
Creditors: Amounts falling due within one year	6	(2,220,131)	(2,162,910)
Net current liabilities		(1,284,618)	(1,236,319)
Net liabilities		(1,066,663)	(1,018,347)
Capital and reserves
Called up share capital		95	95
Retained earnings		(1,066,758)	(1,018,442)
Shareholders' deficit		(1,066,663)	(1,018,347)

For the financial year ending 31 October 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

......................................... G M Whitelaw Director

Dovelight Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
201 Colinton Road
Edinburgh
EH14 1BJ

These financial statements were authorised for issue by the Board on 29 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The director's have assessed the company's ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. At the balance sheet date the company had negative shareholder funds of £1,066,663 (2024: £1,018,347). The future of the company is dependent upon the continued support of the directors. This support will be available for at least twelve months from the date of approval of these financial statements. Consequently, the directors consider the company to be a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
services have been delivered to the customer; and
collectability of the related receivables is fairly assured.

Dovelight Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

A review for indicators of impariment is carried out at each reporting date, where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for Tangible assets
Asset class	Depreciation method and rate
Fixtures and Fittings	20% on cost
Office equipment	25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dovelight Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Financial instruments

Classification

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and director's loans to the company.

 Recognition and measurement

Trade debtors and trade creditors are measured at the undiscounted amounts receivable from a customer or payable to a supplier, which is normally the invoice price.

Loans received from a bank at a market rate of interest are recognised at the amount of cash received from the bank, less separately incurred transaction costs.

Director's loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Investments in equity shares which are publicly traded or where the fair value of the shares can be measured reliably are initially measured at fair value. Transaction costs are charged to profit or loss. The investments are subsequently remeasured in the balance sheet at fair value with changes in fair value recognised through profit and loss.

 Impairment

Trade debtors are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Dovelight Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	217,955	30,449	248,404
Disposals	-	(30,449)	(30,449)
At 31 October 2025	217,955	-	217,955
Depreciation
At 1 November 2024	-	30,432	30,432
Charge for the year	-	17	17
Eliminated on disposal	-	(30,449)	(30,449)
At 31 October 2025	-	-	-
Carrying amount
At 31 October 2025	217,955	-	217,955
At 31 October 2024	217,955	17	217,972

Included within the net book value of land and buildings above is £217,955 (2024 - £217,955) in respect of long leasehold land and buildings.
 

5

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	8	934,061	922,338
Prepayments		211	2,364
Other debtors		1,127	1,889
		935,399	926,591

Dovelight Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	2,216,901	2,155,745
Trade creditors		216	4,505
Accruals and deferred income		2,923	2,660
Other creditors		91	-
		2,220,131	2,162,910

7	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	-	1,552
Other borrowings	2,216,901	2,154,193
	2,216,901	2,155,745

8	Related party transactions

At the year end a balance of £2,216,901 (2024: £2,154,193) included within creditors is due to a director. This loan is interest free and has no fixed term of repayment.

The company paid £21,666 (2024: £26,000) to lease the premises from a director.

The company's shareholding is owned by Dovelight By The Sea Limited, a company which is controlled by the directors. At the year end, the company was owed £934,060 (2024: £922,338) by Dovelight By The Sea Limited. This loan is interest free and has no fixed term of repayment.

9	Parent and ultimate parent undertaking

The company's immediate parent is Dovelight By The Sea Limited, incorporated in Scotland.