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REGISTERED NUMBER: 03994843 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

DUBUIT LIMITED

DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DUBUIT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: J L Dubuit





REGISTERED OFFICE: Unit 5 Barrett Court
70 Cardiff Road
Reading
Berkshire
RG1 8ES





REGISTERED NUMBER: 03994843 (England and Wales)





AUDITORS: Haines Watts, Statutory Auditor
Chartered Accountants
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 - 110,000
Investment property 5 - 315,000
- 425,000

CURRENT ASSETS
Debtors 6 96,709 -
Cash at bank 14,970 4,780
111,679 4,780
CREDITORS
Amounts falling due within one year 7 18,034 327,692
NET CURRENT ASSETS/(LIABILITIES) 93,645 (322,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,645

102,088

PROVISIONS FOR LIABILITIES - 11,746
NET ASSETS 93,645 90,342

CAPITAL AND RESERVES
Called up share capital 8 320,000 320,000
Revaluation reserve - 73,254
Retained earnings (226,355 ) (302,912 )
SHAREHOLDERS' FUNDS 93,645 90,342

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 and authorised for issue by the director and authorised for issue on 18 September 2023 and were signed by:





J L Dubuit - Director


DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Dubuit Limited 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.

Going concern
The company has ceased to trade during the year therefore the directors do not consider it to appropriate to adopt the going concern assumption in preparing the financial statements for the year ended 31 December 2022.

Rental income
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease unless the lease payments are structured to increase in line with expected general inflation in which case the income is recognised as revenue in accordance with the expected payments.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term bank deposits with an original maturity of three months or less.

Loans and borrowings are classified as basic financial instruments and are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.


DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2022 590,000
Disposals (590,000 )
At 31 December 2022 -
PROVISIONS
At 1 January 2022 480,000

Eliminated on disposal (480,000 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 110,000

DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2022 315,000
Disposals (315,000 )
At 31 December 2022 -
NET BOOK VALUE
At 31 December 2022 -
At 31 December 2021 315,000

The fair value of the investment property has been arrived at on the basis of a carried out at 1st July 2019 by Quintons Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis.

The Director has considered the value of the property and has concluded that there is no material change in value as of the year-end.

6. DEBTORS
2022 2021
£ £
Amounts falling due within one year:
Amounts owed by group undertakings 63,000 -
Other debtors 439 -
63,439 -

Amounts falling due after more than one year:
Other debtors 33,270 -

Aggregate amounts 96,709 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Amounts owed to group undertakings - 322,574
Taxation and social security 5,869 2,118
Other creditors 12,165 3,000
18,034 327,692

DUBUIT LIMITED (REGISTERED NUMBER: 03994843)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £ £
320,000 Ordinary £1 320,000 320,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Thomas FCCA (Senior Statutory Auditor)
for and on behalf of Haines Watts, Statutory Auditor

EMPHASIS OF MATTER
We draw attention to note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern as described in Note 2. Our opinion is not modified in respect of this matter.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking is Dubuit International, a company incorporated in France. This is unchanged from the prior year.