DR MARITIME ASSETS LTD

Company Registration Number:
NI620500 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

DR MARITIME ASSETS LTD

Contents of the Financial Statements

for the Period Ended 31 March 2025

Balance sheet
Notes

DR MARITIME ASSETS LTD

Balance sheet

As at 31 March 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 868,101 918,681
Investments: 4 306,776 205,000
Total fixed assets: 1,174,877 1,123,681
Current assets
Stocks:   476,881
Debtors:   1,439,730 605,493
Cash at bank and in hand: 906,837 1,025,568
Total current assets: 2,346,567 2,107,942
Creditors: amounts falling due within one year:   (494,134) (550,659)
Net current assets (liabilities): 1,852,433 1,557,283
Total assets less current liabilities: 3,027,310 2,680,964
Total net assets (liabilities): 3,027,310 2,680,964
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 3,026,310 2,679,964
Shareholders funds: 3,027,310 2,680,964

The notes form part of these financial statements

DR MARITIME ASSETS LTD

Balance sheet statements

For the year ending 31 March 2025 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 30 September 2025
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 2025

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 2025

2. Employees

2025 2024
Average number of employees during the period 15 6

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible Assets

Total
Cost £
At 01 April 2024 1,115,653
Additions 24,264
At 31 March 2025 1,139,917
Depreciation
At 01 April 2024 196,972
Charge for year 74,844
At 31 March 2025 271,816
Net book value
At 31 March 2025 868,101
At 31 March 2024 918,681

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Fixed investments

The company holds a 50% equity interest in Ivero ltd, classified as a fixed asset investment. The investment is measured at cost less impairment, as the shares are unlisted and there is no active market for fair value determination. As at 31 March 2025, the company also has a loan receivable from Ivero Ltd amounting to £306,726. Management considers the loan to be recoverable and no impairment has been recognised.

DR MARITIME ASSETS LTD

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Loans to directors

Name of director receiving advance or credit: Russell Shepcar
Description of the loan: Loan to DR Maritime Assets
£
Balance at 01 April 2024 567
Advances or credits made: 1,974
Balance at 31 March 2025 2,541
Name of director receiving advance or credit: Daiva Shepcar
Description of the loan: Loan to DR Maritime Assets
£
Balance at 01 April 2024 567
Advances or credits made: 1,974
Balance at 31 March 2025 2,541