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REGISTERED NUMBER: 12427797 (England and Wales)


















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: Drs Du Buisson Kramer Swart Bouwer Inc
Dr E Hoosien



SECRETARY: Fieldfisher Secretaries Limited



REGISTERED OFFICE: Fieldfisher
Riverbank House
2 Swan Lane
London
EC4R 3TT



REGISTERED NUMBER: 12427797 (England and Wales)



SENIOR STATUTORY AUDITOR: Lisa Wilson FCA



AUDITORS: Rothmans Audit LLP
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 4 208,811 264,000

CURRENT ASSETS
Debtors 5 242,064 306,041
Cash at bank 14,246 21,831
256,310 327,872
CREDITORS
Amounts falling due within one year 6 344,378 326,233
NET CURRENT (LIABILITIES)/ASSETS (88,068 ) 1,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,743

265,639

CAPITAL AND RESERVES
Called up share capital 300,000 300,000
Retained earnings (179,257 ) (34,361 )
120,743 265,639

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 14 June 2024 and were signed on its behalf by:





Dr E Hoosien - Director


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 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.

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 264,000
Impairments (55,189 )
At 29 February 2024 208,811
NET BOOK VALUE
At 29 February 2024 208,811
At 28 February 2023 264,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 242,064 306,041

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 337,281 320,853
Other creditors 1,500 -
Accrued expenses 5,597 5,380
344,378 326,233

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Lisa Wilson FCA (Senior Statutory Auditor)
for and on behalf of Rothmans Audit LLP

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.