DUNSTONE INVESTMENTS LIMITED Company accounts

DUNSTONE INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 09463274

DUNSTONE INVESTMENTS LIMITED

Unaudited Financial Statements

31 December 2021

DUNSTONE INVESTMENTS LIMITED

Financial Statements

Year ended 31 December 2021

Contents	Page

Directors' report	1

Income statement	2

Statement of financial position	3

Statement of changes in equity	5

Notes to the financial statements	6

DUNSTONE INVESTMENTS LIMITED

Directors' Report

Year ended 31 December 2021

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2021 .

Principal activities

The principal activity of the company during the year was making and holding of investments.

Directors

The directors who served the company during the year were as follows:

Mr Markos Panteleimon Klerides
Mr Panagiotis Tryfon
Fiduci-Corp Direcotrs Limited

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 3 August 2022 and signed on behalf of the board by:

Mr Markos Panteleimon Klerides	Mr Panagiotis Tryfon
Director	Director

Fiduci-Corp Direcotrs Limited	Fiduci-Corp (UK) Services Limited
Director	Company Secretary

DUNSTONE INVESTMENTS LIMITED

Income Statement

Year ended 31 December 2021

	2021	2020
Note	€	€

Administrative expenses	( 13,906)	( 14,297)
	--------	--------
Operating loss	( 13,906)	( 14,297)

Income from shares in group undertakings	( 10,000)	–
	--------	--------
Loss before taxation	( 23,906)	( 14,297)

Tax on loss	–	–
	--------	--------
Loss for the financial year	( 23,906)	( 14,297)
	--------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

DUNSTONE INVESTMENTS LIMITED

Statement of Financial Position

31 December 2021

	2021		2020
Note	€	€	€

Fixed assets

Investments	4		40,100	50,100

Current assets

Debtors	5	283,710	1,150,605
Cash at bank and in hand		16,884	10,338
		---------	------------
		300,594	1,160,943

Creditors: amounts falling due within one year	6	342,661		1,189,104
		---------		------------
Net current liabilities			42,067	28,161
			--------	--------
Total assets less current liabilities			( 1,967)	21,939
			-------	--------
Net (liabilities)/assets			( 1,967)	21,939
			-------	--------

Capital and reserves

Called up share capital	7	30,100	30,100
Profit and loss account	8	( 32,067)	( 8,161)
		--------	--------
Shareholders (deficit)/funds		( 1,967)	21,939
		--------	--------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 December 2021 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

DUNSTONE INVESTMENTS LIMITED

Statement of Financial Position (continued)

31 December 2021

These financial statements were approved by the board of directors and authorised for issue on 3 August 2022 , and are signed on behalf of the board by:

Mr Markos Panteleimon Klerides	Mr Panagiotis Tryfon
Director	Director

Fiduci-Corp Direcotrs Limited
Director

Company registration number: 09463274

DUNSTONE INVESTMENTS LIMITED

Statement of Changes in Equity

Year ended 31 December 2021

	Called up share capital	Profit and loss account	Total
	€	€	€
At 1 January 2020	30,100	6,136	36,236

Loss for the year		( 14,297)	( 14,297)
	--------	--------	--------
Total comprehensive income for the year	–	( 14,297)	( 14,297)

At 31 December 2020	30,100	( 8,161)	21,939

Loss for the year		( 23,906)	( 23,906)
	--------	--------	--------
Total comprehensive income for the year	–	( 23,906)	( 23,906)

	--------	--------	--------
At 31 December 2021	30,100	( 32,067)	( 1,967)
	--------	--------	--------

DUNSTONE INVESTMENTS LIMITED

Notes to the Financial Statements

Year ended 31 December 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Georges House, 6th floor, 15 Hanover Square, London, W1S 1HS, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in euro, which is the functional currency of the entity.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Shares in group undertakings
	€
Cost
At 1 January 2021	50,100
Disposals	( 10,000)
	--------
At 31 December 2021	40,100
	--------
Impairment
At 1 January 2021 and 31 December 2021	–
	--------

Carrying amount
At 31 December 2021	40,100
	--------
At 31 December 2020	50,100
	--------

5. Debtors

	2021	2020
	€	€
Prepayments and accrued income	439	–
Receivable from related parties	283,271	1,150,605
	---------	------------
	283,710	1,150,605
	---------	------------

6. Creditors: amounts falling due within one year

	2021	2020
	€	€
Trade creditors	2,011	1,809
Accruals and deferred income	4,284	4,004
Payable to related parties	168,049	796,693
Other creditors	168,317	386,598
	---------	------------
	342,661	1,189,104
	---------	------------

7. Called up share capital

Issued, called up and fully paid

	2021		2020
	No.	€	No.	€
Ordinary shares of € 1 each	30,100	30,100	30,100	30,100
	--------	--------	--------	--------

8. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.