DUNE WORLDWIDE LIMITED

DUNE WORLDWIDE LIMITED - Company Information

2022-01-012022-12-302022-12-30false07798721DUNE WORLDWIDE LIMITED2023-11-1064999iso4217:GBPxbrli:pure077987212022-01-01077987212022-12-30077987212022-01-012022-12-30077987212021-01-01077987212021-12-31077987212021-01-012021-12-3107798721bus:SmallEntities2022-01-012022-12-3007798721bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3007798721bus:FullAccounts2022-01-012022-12-3007798721bus:PrivateLimitedCompanyLtd2022-01-012022-12-3007798721core:WithinOneYear2022-12-3007798721core:AfterOneYear2022-12-3007798721core:WithinOneYear2021-12-3107798721core:AfterOneYear2021-12-3107798721core:ShareCapital2022-12-3007798721core:SharePremium2022-12-3007798721core:RevaluationReserve2022-12-3007798721core:OtherReservesSubtotal2022-12-3007798721core:RetainedEarningsAccumulatedLosses2022-12-3007798721core:ShareCapital2021-12-3107798721core:SharePremium2021-12-3107798721core:RevaluationReserve2021-12-3107798721core:OtherReservesSubtotal2021-12-3107798721core:RetainedEarningsAccumulatedLosses2021-12-3107798721core:LandBuildings2022-12-3007798721core:PlantMachinery2022-12-3007798721core:Vehicles2022-12-3007798721core:FurnitureFittings2022-12-3007798721core:OfficeEquipment2022-12-3007798721core:NetGoodwill2022-12-3007798721core:IntangibleAssetsOtherThanGoodwill2022-12-3007798721core:ListedExchangeTraded2022-12-3007798721core:UnlistedNon-exchangeTraded2022-12-3007798721core:LandBuildings2021-12-3107798721core:PlantMachinery2021-12-3107798721core:Vehicles2021-12-3107798721core:FurnitureFittings2021-12-3107798721core:OfficeEquipment2021-12-3107798721core:NetGoodwill2021-12-3107798721core:IntangibleAssetsOtherThanGoodwill2021-12-3107798721core:ListedExchangeTraded2021-12-3107798721core:UnlistedNon-exchangeTraded2021-12-3107798721core:LandBuildings2022-01-012022-12-3007798721core:PlantMachinery2022-01-012022-12-3007798721core:Vehicles2022-01-012022-12-3007798721core:FurnitureFittings2022-01-012022-12-3007798721core:OfficeEquipment2022-01-012022-12-3007798721core:NetGoodwill2022-01-012022-12-3007798721core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3007798721core:ListedExchangeTraded2022-01-012022-12-3007798721core:UnlistedNon-exchangeTraded2022-01-012022-12-3007798721core:MoreThanFiveYears2022-01-012022-12-3007798721core:Non-currentFinancialInstruments2022-12-3007798721core:Non-currentFinancialInstruments2021-12-3107798721dpl:CostSales2022-01-012022-12-3007798721dpl:DistributionCosts2022-01-012022-12-3007798721core:LandBuildings2022-01-012022-12-3007798721core:PlantMachinery2022-01-012022-12-3007798721core:Vehicles2022-01-012022-12-3007798721core:FurnitureFittings2022-01-012022-12-3007798721core:OfficeEquipment2022-01-012022-12-3007798721dpl:AdministrativeExpenses2022-01-012022-12-3007798721core:NetGoodwill2022-01-012022-12-3007798721core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3007798721dpl:GroupUndertakings2022-01-012022-12-3007798721dpl:ParticipatingInterests2022-01-012022-12-3007798721dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3007798721core:ListedExchangeTraded2022-01-012022-12-3007798721dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3007798721core:UnlistedNon-exchangeTraded2022-01-012022-12-3007798721dpl:CostSales2021-01-012021-12-3107798721dpl:DistributionCosts2021-01-012021-12-3107798721core:LandBuildings2021-01-012021-12-3107798721core:PlantMachinery2021-01-012021-12-3107798721core:Vehicles2021-01-012021-12-3107798721core:FurnitureFittings2021-01-012021-12-3107798721core:OfficeEquipment2021-01-012021-12-3107798721dpl:AdministrativeExpenses2021-01-012021-12-3107798721core:NetGoodwill2021-01-012021-12-3107798721core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3107798721dpl:GroupUndertakings2021-01-012021-12-3107798721dpl:ParticipatingInterests2021-01-012021-12-3107798721dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3107798721core:ListedExchangeTraded2021-01-012021-12-3107798721dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3107798721core:UnlistedNon-exchangeTraded2021-01-012021-12-3107798721core:NetGoodwill2022-12-3007798721core:IntangibleAssetsOtherThanGoodwill2022-12-3007798721core:LandBuildings2022-12-3007798721core:PlantMachinery2022-12-3007798721core:Vehicles2022-12-3007798721core:FurnitureFittings2022-12-3007798721core:OfficeEquipment2022-12-3007798721core:AfterOneYear2022-12-3007798721core:WithinOneYear2022-12-3007798721core:ListedExchangeTraded2022-12-3007798721core:UnlistedNon-exchangeTraded2022-12-3007798721core:ShareCapital2022-12-3007798721core:SharePremium2022-12-3007798721core:RevaluationReserve2022-12-3007798721core:OtherReservesSubtotal2022-12-3007798721core:RetainedEarningsAccumulatedLosses2022-12-3007798721core:NetGoodwill2021-12-3107798721core:IntangibleAssetsOtherThanGoodwill2021-12-3107798721core:LandBuildings2021-12-3107798721core:PlantMachinery2021-12-3107798721core:Vehicles2021-12-3107798721core:FurnitureFittings2021-12-3107798721core:OfficeEquipment2021-12-3107798721core:AfterOneYear2021-12-3107798721core:WithinOneYear2021-12-3107798721core:Liste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Registered Number
07798721
(England and Wales)

Unaudited Financial Statements for the Period ended
30 December 2022

DUNE WORLDWIDE LIMITED

Company Information
for the period from 1 January 2022 to 30 December 2022


Director	Mr S Blake


Registered Address	3 Coldbath Square
	London
	EC1R 5HL


Registered Number	07798721 (England and Wales)

DUNE WORLDWIDE LIMITED

Balance Sheet as at
30 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Investments	5		319,298		319,298
			319,298		319,298
Current assets
Debtors	8	30,293		30,293
		30,293		30,293
Creditors amounts falling due within one year	9	(359,754)		(358,751)
Net current assets (liabilities)			(329,461)		(328,458)
Total assets less current liabilities			(10,163)		(9,160)
Net assets			(10,163)		(9,160)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(10,263)		(9,260)
Shareholders' funds			(10,163)		(9,160)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 10 November 2023, and are signed on its behalf by:

Mr S Blake
Director
Registered Company No. 07798721

DUNE WORLDWIDE LIMITED

Notes to the Financial Statements
for the period ended 30 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The financial statements report the financial results only of the company and are presented in Sterling (£).

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with Section 1A of Financial Reporting Standard 102 and Companies Act 2006 as these apply to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.

	Valuation of financial instruments policy
	The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments. Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method. Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account. Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires. Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Valuation of financial instruments policy

The company has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.

Financial assets and financial liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial assets, including trade and other debtors, and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently carried at amortised cost, using the effective interest method.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

Financial assets are derecognised when (i) the contractual rights to the cashflows from the asset expire or are settled, or (ii) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (iii) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Going concern
	The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirement for a period of at least twelve months for the date these financial statements were approved.

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the fact that the company has a deficiency on total equity at the end of the year. The director considers this basis to be appropriate as the company has sufficient facilities available from its shareholder to fund its working capital requirement for a period of at least twelve months for the date these financial statements were approved.

4.	Employee information
	The average number of employees include directors.


		2022		2021
	Average number of employees during the year	1		1

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 22	319,298	319,298
At 30 December 22	319,298	319,298
Net book value
At 30 December 22	319,298	319,298
At 31 December 21	319,298	319,298

	Notes
	¹Investments in group undertakings and participating interests

6.	Contingent liabilities, including financial effect, uncertainties and possible reimbursement
	Delma Exchange (see Note 5) is currently solvent, the balance sheet showing net assets of £3,914,444 (2021: £4,335,984) as at 31 December 2022. The partners of Delma Exchange have committed to fund the working capital of the business while it establishes itself in the market. As a partner, Dune Worldwide Limited has undertaken to support Delma Exchange for the foreseeable future and fund its share of the working capital requirements. Currently the scale of working capital requirements cannot be reasonably determined.

Contingent liabilities, including financial effect, uncertainties and possible reimbursement

Delma Exchange (see Note 5) is currently solvent, the balance sheet showing net assets of £3,914,444 (2021: £4,335,984) as at 31 December 2022. The partners of Delma Exchange have committed to fund the working capital of the business while it establishes itself in the market. As a partner, Dune Worldwide Limited has undertaken to support Delma Exchange for the foreseeable future and fund its share of the working capital requirements. Currently the scale of working capital requirements cannot be reasonably determined.

7.	Description of nature of transactions and balances with related parties
	As at the balance sheet date the company owed the director of the company a total of £353,428 (2021: £353,428).

8.	Debtors

	2022	2021
	£	£
Other debtors	30,293	30,293
Total	30,293	30,293

9.	Creditors within one year

	2022	2021
	£	£
Other creditors	359,754	357,251
Accrued liabilities and deferred income	-	1,500
Total	359,754	358,751