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REGISTERED NUMBER: 11450200 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

DU PREEZ INVESTMENTS LTD

DU PREEZ INVESTMENTS LTD (REGISTERED NUMBER: 11450200)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DU PREEZ INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Ms V A Du Preez
J A Du Preez





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11450200 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

DU PREEZ INVESTMENTS LTD (REGISTERED NUMBER: 11450200)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 - 455,000

CURRENT ASSETS
Debtors 4 - 200
Cash at bank - 1,729
- 1,929
CREDITORS
Amounts falling due within one year 5 1,968 899
NET CURRENT (LIABILITIES)/ASSETS (1,968 ) 1,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,968

)

456,030

CREDITORS
Amounts falling due after more than one
year

6

-

445,228
NET (LIABILITIES)/ASSETS (1,968 ) 10,802

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 - 31,581
Retained earnings (1,970 ) (20,781 )
(1,968 ) 10,802

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

DU PREEZ INVESTMENTS LTD (REGISTERED NUMBER: 11450200)

BALANCE SHEET - continued
31 JULY 2023


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 by the Board of Directors and authorised for issue on 4 March 2024 and were signed on its behalf by:




J A Du Preez - Director



Ms V A Du Preez - Director


DU PREEZ INVESTMENTS LTD (REGISTERED NUMBER: 11450200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. 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.

These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover
Turnover represents the following types of income
- Rental income
- Income from the sale of properties

All income is recognised on a receivable basis.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 455,000
Disposals (455,000 )
At 31 July 2023 -
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 455,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 200

DU PREEZ INVESTMENTS LTD (REGISTERED NUMBER: 11450200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' loan accounts 948 -
Accrued expenses 1,020 899
1,968 899

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans more 5 yrs non-inst - 267,654
Directors' loan accounts - 177,574
- 445,228

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 267,654

7. RESERVES
Fair
value
reserve
£   
At 1 August 2022 31,581
Transfer (31,581 )

At 31 July 2023 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, J A Du Preez and Ms V A Du Preez decreased their loan to the company. As at 31 July 2023, the company owed them £948 (2022: £177,574). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Du Preez & Ms V Du Preez.

This was by virtue of their 100% holding of the issued share capital.

10. ACCOUNTING BASIS

As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will continue to be a going concern. During the year the company made a loss of £12,770 , and as at the year end the current liabilities exceeded current assets by £1,968.

The validity of this basis depends upon the continued support of the company's directors. The directors confirms that they will give the required support.