DR MARITIME ASSETS LTD

Company Registration Number:
NI620500 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DR MARITIME ASSETS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

DR MARITIME ASSETS LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 871,877 1,176,763
Investments: 4 205,000 255,000
Total fixed assets: 1,076,877 1,431,763
Current assets
Stocks: 476,881 370,002
Debtors:   605,493 557,104
Cash at bank and in hand: 1,025,568 231,620
Total current assets: 2,107,942 1,158,726
Creditors: amounts falling due within one year:   (550,659) (342,683)
Net current assets (liabilities): 1,557,283 816,043
Total assets less current liabilities: 2,634,160 2,247,806
Total net assets (liabilities): 2,634,160 2,247,806
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 2,633,160 2,246,806
Shareholders funds: 2,634,160 2,247,806

The notes form part of these financial statements

DR MARITIME ASSETS LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 17 September 2024
and signed on behalf of the board by:

Name: Russell Shepcar
Status: Director

The notes form part of these financial statements

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 6 6

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,294,662
Additions 93,679
Disposals (331,046)
At 31 March 2024 1,057,295
Depreciation
At 01 April 2023 117,899
Charge for year 100,623
On disposals (33,104)
At 31 March 2024 185,418
Net book value
At 31 March 2024 871,877
At 31 March 2023 1,176,763

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Fixed investments

Shares in Ivero Ltd

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Loans to directors

Name of director receiving advance or credit: Russell Shepcar
Description of the loan: Company Loan
£
Balance at 01 April 2023 692
Advances or credits repaid: 125
Balance at 31 March 2024 567
Name of director receiving advance or credit: Daiva Shepcar
Description of the loan: Company Loan
£
Balance at 01 April 2023 692
Advances or credits repaid: 125
Balance at 31 March 2024 567