REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
AMPATH INVESTMENTS UK |
LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
FOR |
AMPATH INVESTMENTS UK |
LIMITED |
AMPATH INVESTMENTS UK |
LIMITED (REGISTERED NUMBER: 12427797) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AMPATH INVESTMENTS UK |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
SENIOR STATUTORY AUDITOR: |
AUDITORS: |
Statutory Auditors |
Chartered Accountants |
Chilworth Point |
1 Chilworth Road |
Southampton |
SO16 7JQ |
AMPATH INVESTMENTS UK |
LIMITED (REGISTERED NUMBER: 12427797) |
BALANCE SHEET |
29 FEBRUARY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
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 |
AMPATH INVESTMENTS UK |
LIMITED (REGISTERED NUMBER: 12427797) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
1. | STATUTORY INFORMATION |
Ampath Investments UK Limited is a |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
Going Concern |
The financial statements have been prepared on a going concern basis, which assumes that the company will continue in existence for the foreseeable future. |
The company's subsidiary intends to cease its current trading activities after the year-end, however it is expected to be retained by the group with a view to developing new trading opportunities in future periods. Ampath Investments UK Limited is therefore expected to continue its activities as a holding company for the foreseeable future. |
The management of the parent company have declared their intention to continue to support the company for the foreseeable future. |
The directors consider that in preparing the financial statements they have taken into account all information that could reasonably be expected to be available. On this basis they consider that it is appropriate to prepare financial statements on a going concern basis. |
PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS |
The financial statements contain information about Ampath Investments UK Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Diagnostic Fincorp (PTY) Ltd is the company's immediate parent company and is incorporated in South Africa. Drs Du Buisson Kramer Swart Bouwer Incorporated is the parent of both the smallest and largest group to which this company belongs and for which group financial statements are prepared. Copies of the consolidated accounts can be obtained from its registered office at 166 Witch-Hazel Avenue, Highveld Technopark, 0067 Centurion, South Africa. |
FINANCIAL INSTRUMENTS |
Financial assets such as cash and debtors are measured at the present value of the amounts receivable, less an allowance for the expected level of doubtful receivables. Financial liabilities such as trade creditors and loans are measured at the present value of the obligation. |
FOREIGN CURRENCIES |
The company's financial statements are presented in sterling, which is also the company's functional currency. |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
INVESTMENTS |
Investments in subsidiaries are held at historical cost less any applicable provision for impairment. The company assesses at each reporting date whether there is an indication that an investment may be impaired. If any such indications exists that company makes an estimate of the asset's recoverable amount in order to determine the extent of the impairment loss. Any impairment losses identified are recognised in the income statement. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
AMPATH INVESTMENTS UK |
LIMITED (REGISTERED NUMBER: 12427797) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2024 |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 March 2023 |
Impairments | ( |
) |
At 29 February 2024 |
NET BOOK VALUE |
At 29 February 2024 |
At 28 February 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed to group undertakings |
Other creditors |
Accrued expenses |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
8. | 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. |
The company previously made a loan to its subsidiary amounting to £306,041. No repayments have been made towards this loan and no interest has been charged in the year. As at 29 February 2024 the loan has been impaired to its recoverable value of £242,064. The loan is interest-free and repayable on demand and no security has been provided on this balance. |