Company Registration No. 11372591 (England and Wales)
KARIBIM VENTURES LIMITED
Unaudited accounts
for the year ended 31 May 2023
KARIBIM VENTURES LIMITED
Unaudited accounts
Contents
KARIBIM VENTURES LIMITED
Company Information
for the year ended 31 May 2023
Director
MRS PATIENCE DAPPA
Company Number
11372591 (England and Wales)
Registered Office
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
UNITED KINGDOM
Accountants
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
KARIBIM VENTURES LIMITED
Accountants' report
Accountants' report to the director of KARIBIM VENTURES LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
KARIBIM VENTURES LIMITED for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of KARIBIM VENTURES LIMITED , as a body, in accordance with the terms of our engagement letter dated 21 May 2018. Our work has been undertaken solely to prepare for your approval the accounts of KARIBIM VENTURES LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KARIBIM VENTURES LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KARIBIM VENTURES LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KARIBIM VENTURES LIMITED . You consider that KARIBIM VENTURES LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of KARIBIM VENTURES LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
CRYSTAL FINANCE SERVICES LIMITED
9 HOOK CLOSE
BEESTON
NOTTINGHAM
NG9 5AT
1 August 2023
KARIBIM VENTURES LIMITED
Statement of financial position
as at 31 May 2023
Intangible assets
250,000
250,000
Cash at bank and in hand
3,507
12,616
Creditors: amounts falling due within one year
(50,244)
(10,738)
Net current (liabilities)/assets
(46,737)
1,878
Net assets
203,263
251,878
Called up share capital
250,000
250,000
Profit and loss account
(46,737)
1,878
Shareholders' funds
203,263
251,878
For the year ending 31 May 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 October 2023 and were signed on its behalf by
MRS PATIENCE DAPPA
Director
Company Registration No. 11372591
KARIBIM VENTURES LIMITED
Notes to the Accounts
for the year ended 31 May 2023
KARIBIM VENTURES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11372591. The registered office is 9 HOOK CLOSE, BEESTON, NOTTINGHAM, NG9 5AT, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Goodwill
Goodwill relative to Foreign Income earning Capacity from prior Oversea Legal Practice and Directorship of Oil Service Company, by the Sole Shareholder, Mrs Patience Dappa, brought into the Company. Valued at Cost
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(697)
(653)
Loans from directors
45,941
11,391
KARIBIM VENTURES LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Allotted, called up and fully paid:
250,000 Ordinary shares paid for by Mrs Patience Dappa of £1 each
250,000
250,000
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).