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REGISTERED NUMBER: 12323153 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DU MATER LIMITED

DU MATER LIMITED (REGISTERED NUMBER: 12323153)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DU MATER LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Dr L V Dumas
Mr R I Du Preez
Dr V K Graham
Ms H J Graham





REGISTERED OFFICE: 24 Barnes Wallis Avenue
Christs Hospital
Horsham
West Sussex
RH13 0TL





REGISTERED NUMBER: 12323153 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

DU MATER LIMITED (REGISTERED NUMBER: 12323153)

BALANCE SHEET
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,500 298
Investments 5 989,227 844,326
Investment property 6 1,535,000 1,535,000
2,525,727 2,379,624

CURRENT ASSETS
Debtors 7 1,385 1,784
Cash at bank 56,937 79,940
58,322 81,724
CREDITORS
Amounts falling due within one year 8 850,599 856,836
NET CURRENT LIABILITIES (792,277 ) (775,112 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,733,450 1,604,512

CAPITAL AND RESERVES
Called up share capital 9 202 202
Share premium 1,544,810 1,544,810
Retained earnings 188,438 59,500
SHAREHOLDERS' FUNDS 1,733,450 1,604,512

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 MATER LIMITED (REGISTERED NUMBER: 12323153)

BALANCE SHEET - continued
31 March 2024


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 16 October 2024 and were signed on its behalf by:




Mr R I Du Preez - Director



Dr L V Dumas - Director


DU MATER LIMITED (REGISTERED NUMBER: 12323153)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Du Mater 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 3 years

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.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

DU MATER LIMITED (REGISTERED NUMBER: 12323153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 975
Additions 1,800
Disposals (975 )
At 31 March 2024 1,800
DEPRECIATION
At 1 April 2023 677
Charge for year 300
Eliminated on disposal (677 )
At 31 March 2024 300
NET BOOK VALUE
At 31 March 2024 1,500
At 31 March 2023 298

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 844,326
Additions 70,838
Revaluations 74,063
At 31 March 2024 989,227
NET BOOK VALUE
At 31 March 2024 989,227
At 31 March 2023 844,326

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2023 844,326
Valuation in 2024 144,901
989,227

DU MATER LIMITED (REGISTERED NUMBER: 12323153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 955,002 884,163

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,535,000
NET BOOK VALUE
At 31 March 2024 1,535,000
At 31 March 2023 1,535,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 1,306 -
Other debtors 79 1,784
1,385 1,784

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Taxation and social security 7,587 6,996
Other creditors 843,012 849,840
850,599 856,836

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as
restated
£    £   
202 Ordinary 1 202 202

DU MATER LIMITED (REGISTERED NUMBER: 12323153)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


9. CALLED UP SHARE CAPITAL - continued

The current shareholding is made up as follows:

ShareholdersType of ShareNo. of Share(s)Share Value
Dr L V Dumas Ordinary A159£1
Dr V GrahamOrdinary B2£1
Ms H GrahamOrdinary B2£1
Mr R I Du Preez (Trustee)Ordinary C37£1
Dr V GrahamOrdinary G1£1
Ms H GrahamOrdinary G1£1







10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
as restated
£    £   
Dr L V Dumas
Balance outstanding at start of year (936 ) 80,571
Amounts advanced 936 -
Amounts repaid (230 ) (81,507 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (230 ) (936 )

Dr V K Graham
Balance outstanding at start of year (424,586 ) (424,586 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (424,586 ) (424,586 )

Ms H J Graham
Balance outstanding at start of year (422,586 ) (422,586 )
Amounts advanced 6,500 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (416,086 ) (422,586 )