REGISTERED NUMBER: 13343357 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Demare Property Investments Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

564,340

414,340

Investment property

5

920,000

995,000

1,484,340

1,409,340

CURRENT ASSETS

Debtors

6

2,666

1,722

Cash at bank

10,106

2,306

12,772

4,028

CREDITORS

Amounts falling due within one year

7

168,154

118,307

NET CURRENT LIABILITIES

(155,382

)

(114,279

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,328,958

1,295,061

CREDITORS

Amounts falling due after more than one year

8

1,723,833

1,571,928

NET LIABILITIES

(394,875

)

(276,867

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(394,975

)

(276,967

)

SHAREHOLDERS' FUNDS

(394,875

)

(276,867

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 30 December 2025 and were signed on its behalf by:

Mr Jaap Titus De Mare - Director

1.	STATUTORY INFORMATION

Demare Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13343357

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment properties are 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

The company has net liabilities of £394,875. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 January 2024

414,340

Other movement

150,000

At 31 December 2024

564,340

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

995,000

Additions

21,516

Impairments

(96,516

)

At 31 December 2024

920,000

NET BOOK VALUE

At 31 December 2024

920,000

At 31 December 2023

995,000

Investment property situated at 6 Cross Street, Barnstaple, EX31 1BA is under a charge from Hampshire Trust Bank PLC. The charge was created on 7th November 2024.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2021

10,849

Valuation in 2022

(10,849

)

Valuation in 2023

(74,525

)

Valuation in 2024

(96,516

)

Cost

1,091,041

920,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

2,666

1,722

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

168,154

118,307

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

477,400

-

Other creditors

1,246,433

1,571,928

1,723,833

1,571,928

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

477,400

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

477,400

-

The loan amounting to £477,400 is secured by the way of charge on the property situated at 6 Cross Street, Barnstaple, EX31 1BA (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 7th November 2024.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

The company owes £205,248 including €245,251 (2023: £209,785 including €241,041) to its director, Mr Jaap Titus De Mare who is also a 45% shareholder of the company as at accounting year end date.

The company owes £205,248 including €245,251 (2023: £209,785 including €241,041) to its director, Miss Pauline Maria Charlotte Dams who is also a 40% shareholder of the company as at accounting year end date.

The company owes £837,545 including €1,004,718 (2023: £1,153,966 including €1,331,000) to Demare Consulting B.V., a company registered in Netherlands (Company registered number: 30193916) as at accounting year end date, Mr Jaap Titus De Mare is also a director of the company as at accounting year end date.

The company paid £58,415.57 interest to Demare Consulting B.V. during the year. The total interest due to Demare Consulting B.V. is £74,119.41 as of the balance sheet date.