Dunvale Investments Limited - Limited company accounts 25.1

REGISTERED NUMBER: SC271982 (Scotland)

Report of the Directors and

Unaudited

Consolidated Financial Statements

for the Year Ended 31 January 2026

for

Dunvale Investments Limited

Page

Company Information

1

Report of the Directors

2

Consolidated Income Statement

3

Consolidated Balance Sheet

4

Company Balance Sheet

6

Notes to the Consolidated Financial Statements

8

DIRECTORS:

D Wheatley

E Wheatley

REGISTERED OFFICE:

Pavilion 1 Finnieston Business Park

Minerva Way

Glasgow

G3 8AU

REGISTERED NUMBER:

SC271982 (Scotland)

ACCOUNTANTS:

Gerber Landa & Gee

Chartered Accountants

Pavilion 1

Finnieston Business Park

Minerva Way

GLASGOW

G3 8AU

The directors present their report with the financial statements of the company and the group for the year ended 31 January 2026.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 February 2025 to the date of this report.

D Wheatley

E Wheatley

POLITICAL DONATIONS AND EXPENDITURE

None of the donations within the year were of political nature.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D Wheatley - Director

30 October 2026

TURNOVER

9,813

3,000,840

Cost of sales

14,180

1,529,330

GROSS (LOSS)/PROFIT

(4,367

)

1,471,510

Administrative expenses

467,954

500,478

(472,321

)

971,032

Other operating income

7,250

7,295

OPERATING (LOSS)/PROFIT

4

(465,071

)

978,327

Interest receivable and similar income

219,465

196,765

(245,606

)

1,175,092

Interest payable and similar expenses

-

223

(LOSS)/PROFIT BEFORE TAXATION

(245,606

)

1,174,869

Tax on (loss)/profit

(43,010

)

226,314

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(202,596

)

948,555

(Loss)/profit attributable to:

Owners of the parent

(202,596

)

948,555

FIXED ASSETS

Intangible assets

6

(42,855

)

(85,710

)

Tangible assets

7

44,730

96,760

Investments

8

662,792

575,338

Investment property

9

2,483,113

2,377,143

3,147,780

2,963,531

CURRENT ASSETS

Stocks

18,000

-

Debtors

10

5,422,807

4,970,921

Cash at bank and in hand

200,287

1,160,809

5,641,094

6,131,730

CREDITORS

Amounts falling due within one year

11

285,458

339,249

NET CURRENT ASSETS

5,355,636

5,792,481

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,503,416

8,756,012

CAPITAL AND RESERVES

Called up share capital

2,358,080

Share premium

5,703,902

Retained earnings

441,434

694,030

SHAREHOLDERS' FUNDS

8,503,416

8,756,012

The company and the group are entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company and the group to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the group 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 and the group as at the end of each financial year and of the group's 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 and the group.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2026 and were signed on its behalf by:

D Wheatley - Director

FIXED ASSETS

Intangible assets

6

-

Tangible assets

7

44,730

96,760

Investments

8

877,077

877,076

Investment property

9

2,141,333

2,129,688

3,063,140

3,103,524

CURRENT ASSETS

Debtors

10

6,767,919

6,116,649

Cash at bank

185,958

1,113,693

6,953,877

7,230,342

CREDITORS

Amounts falling due within one year

11

97,876

301,762

NET CURRENT ASSETS

6,856,001

6,928,580

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,919,141

10,032,104

CAPITAL AND RESERVES

Called up share capital

2,358,080

Share premium

5,703,902

Retained earnings

1,857,159

1,970,122

SHAREHOLDERS' FUNDS

9,919,141

10,032,104

Company's (loss)/profit for the financial year

(62,963

)

1,783,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2026 and were signed on its behalf by:

D Wheatley - Director

1.	STATUTORY INFORMATION

Dunvale Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the General Information page.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of subsidiary businesses, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 7 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2025 - operating profit) is stated after charging/(crediting):

31.1.26

31.1.25

£

Depreciation - owned assets

53,195

58,257

Goodwill amortisation

(42,855

)

(42,855

)

5.	INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.

6.	INTANGIBLE FIXED ASSETS

Group

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

(2,638,792

)

AMORTISATION

At 1 February 2025

(2,553,082

)

Charge for year

(42,855

)

At 31 January 2026

(2,595,937

)

NET BOOK VALUE

At 31 January 2026

(42,855

)

At 31 January 2025

(85,710

)

7.	TANGIBLE FIXED ASSETS

Group

Plant and

machinery

etc

£

COST

At 1 February 2025

370,903

Additions

1,165

At 31 January 2026

372,068

DEPRECIATION

At 1 February 2025

274,143

Charge for year

53,195

At 31 January 2026

327,338

NET BOOK VALUE

At 31 January 2026

44,730

At 31 January 2025

96,760

Company

Plant and

machinery

etc

£

COST

At 1 February 2025

370,903

Additions

1,165

At 31 January 2026

372,068

DEPRECIATION

At 1 February 2025

274,143

Charge for year

53,195

At 31 January 2026

327,338

NET BOOK VALUE

At 31 January 2026

44,730

At 31 January 2025

96,760

8.	FIXED ASSET INVESTMENTS

Group

Other

investments

£

COST

At 1 February 2025

575,338

Additions

87,454

At 31 January 2026

662,792

NET BOOK VALUE

At 31 January 2026

662,792

At 31 January 2025

575,338

Company

Shares in

group

undertakings

£

COST

At 1 February 2025

877,076

Additions

1

At 31 January 2026

877,077

NET BOOK VALUE

At 31 January 2026

877,077

At 31 January 2025

877,076

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Grandyard Investments Limited

Registered office: Pavilion 1, Finnieston Business Park, Minerva Way, Glasgow, G3 8AU

Nature of business: Investment Company

%

Class of shares:

holding

Ordinary A

100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Grandyard Limited

Registered office: 5th Floor, 167-169 Great Portland Street, London, W1W 5PF

Nature of business: Dormant

%

Class of shares:

holding

Ordinary A

100.00

The 100% investment in this company is held by Grandyard Investments Limited.

The company is included within the consolidated financial statements.

Sip Zero Ltd

Registered office: Pavilion 1, Finnieston Business Park, Minerva Way, Glasgow, G3 8AU

Nature of business: Manufacture of soft drinks

%

Class of shares:

holding

Ordinary

100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Osborne Street Estates Limited

Registered office: First Floor Templeback, 10 Temple Back, Bristol, United Kingdom, BS1 6FL

Nature of business: Buying and selling of real estate

%

Class of shares:

holding

Ordinary A

100.00

Ordinary B

100.00

The 100% investment in the Ordinary Class A shares of this company is held by the parent company of the group, Dunvale Investments Limited.

The 100% investment in the Ordinary Class B shares of this company is held by the parent company of the group, Dunvale Investments Limited.

The Ordinary A and B shares have attached to them full voting, dividend and capital distribution rights.

The company is included within the consolidated financial statements.

Wilton (Argyle Street) Limited

Registered office: Pavilion 1, Finnieston Business Park, Minerva Way, Glasgow, G3 8AU

Nature of business: Dormant

%

Class of shares:

holding

Ordinary A

100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Kelvin Meadows Limited

Registered office: Pavilion 1 Finnieston Business Park, Minerva Way, Glasgow, G3 8AU

Nature of business: Buying and selling of real estate

%

Class of shares:

holding

Ordinary

100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

Wardpark Industrial Estate Ltd

Registered office: Pavilion 1 Finnieston Business Park, Minerva Way, Glasgow, G3 8AU

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

The 100% investment in this company is held by the parent company of the group, Dunvale Investments Limited.

The company is included within the consolidated financial statements.

9.	INVESTMENT PROPERTY

Group

Total

£

FAIR VALUE

At 1 February 2025

2,377,143

Additions

105,970

At 31 January 2026

2,483,113

NET BOOK VALUE

At 31 January 2026

2,483,113

At 31 January 2025

2,377,143

Company

Total

£

FAIR VALUE

At 1 February 2025

2,129,688

Additions

11,645

At 31 January 2026

2,141,333

NET BOOK VALUE

At 31 January 2026

2,141,333

At 31 January 2025

2,129,688

10.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

Amounts owed by group undertakings

-

2,000

1,426,579

1,178,155

Other debtors

5,422,807

4,968,921

5,341,340

4,938,494

5,422,807

4,970,921

6,767,919

6,116,649

11.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group

Company

31.1.26

31.1.25

31.1.26

31.1.25

£

Trade creditors

14,865

18,568

12,915

17,728

Amounts owed to group undertakings

-

2,000

1,718

197,048

Taxation and social security

59,883

289,829

46,092

62,885

Other creditors

210,710

28,852

37,151

24,101

285,458

339,249

97,876

301,762

12.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group

Non-cancellable

operating leases

31.1.26

31.1.25

£

Within one year

19,057

24,473

Between one and five years

-

77,934

In more than five years

-

31,500

19,057

133,907

Company

Non-cancellable

operating leases

31.1.26

31.1.25

£

Within one year

19,057

24,473

Between one and five years

-

77,934

In more than five years

-

31,500

19,057

133,907

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

31.1.26

31.1.25

£

D Wheatley

Balance outstanding at start of year

398,702

212,377

Amounts advanced

281,799

244,791

Amounts repaid

(145,350

)

(58,466

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

535,151

398,702