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REGISTERED NUMBER: 09369672 (England and Wales)











Financial Statements

for the Year Ended 31 December 2022

for

DPM INVESTMENTS LTD

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DPM INVESTMENTS LTD

Company Information
for the Year Ended 31 December 2022







DIRECTOR: Mr D P Mew





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09369672 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investments 4 24,977 99,983
Investment property 5 349,000 300,000
373,977 399,983

CURRENT ASSETS
Debtors 6 53,798 14,000
Cash at bank 23,090 8,037
76,888 22,037
CREDITORS
Amounts falling due within one year 7 236,985 205,578
NET CURRENT LIABILITIES (160,097 ) (183,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,880

216,442

PROVISIONS FOR LIABILITIES 9 23,707 17,913
NET ASSETS 190,173 198,529

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserve 101,065 76,366
Retained earnings 89,008 122,063
SHAREHOLDERS' FUNDS 190,173 198,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Balance Sheet - continued
31 December 2022


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 director and authorised for issue on 19 February 2024 and were signed by:





Mr D P Mew - Director


DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

DPM Investments Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents gross invoiced value of rental income received and other investments.

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.

It is in the opinion of the directors, from taking relevant advice, that the valuation of the investment property is £300,000 as at the 31 December 2021. The valuation is on an open market, existing use basis.

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).

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2022 99,982 1 99,983
Additions 44 - 44
Disposals (65,682 ) - (65,682 )
Revaluations (9,368 ) - (9,368 )
At 31 December 2022 24,976 1 24,977
NET BOOK VALUE
At 31 December 2022 24,976 1 24,977
At 31 December 2021 99,982 1 99,983

Cost or valuation at 31 December 2022 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2019 3,556 - 3,556
Valuation in 2020 22,217 - 22,217
Valuation in 2021 (3,452 ) - (3,452 )
Valuation in 2022 (9,368 ) - (9,368 )
Cost 12,023 1 12,024
24,976 1 24,977

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 300,000
Revaluations 49,000
At 31 December 2022 349,000
NET BOOK VALUE
At 31 December 2022 349,000
At 31 December 2021 300,000

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2016 37,000
Valuation in 2018 9,917
Valuation in 2019 2,000
Valuation in 2020 10,000
Valuation in 2021 13,000
Valuation in 2022 49,000
Cost 228,083
349,000

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings - 14,000
Directors' current accounts 53,798 -
53,798 14,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 183,113 181,304
Amounts owed to group undertakings 53,872 -
Tax - 3,023
Directors' current accounts - 21,251
236,985 205,578

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Bank loans 183,113 181,304

Bank loans of £183,113 (2021: £181,304) are secured against the investment property held by the company.

9. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 23,707 17,913

Deferred
tax
£   
Balance at 1 January 2022 17,913
Provided during year 5,794
Balance at 31 December 2022 23,707

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
£    £   
Mr D P Mew
Balance outstanding at start of year - -
Amounts advanced 72,003 -
Amounts repaid (18,205 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 53,798 -

DPM INVESTMENTS LTD (REGISTERED NUMBER: 09369672)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

As at the balance sheet date, included in debtors due within one year is £55,798 (2021: £21,251 due to), due and payable by the director. During the period interest totalling £479 was charged on the overdrawn loan account at 2.0%. This amount was repaid within nine months of the year end.

11. RELATED PARTY DISCLOSURES

As at the balance sheet date the company owed £53,872 to African Adventures Ltd (2021: £14,000 was owed), a company in which there is common ownership and control.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D P Mew.