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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
Page
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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
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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
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KARIBIM VENTURES LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
250,000 
250,000 
Current assets
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 
Capital and reserves
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
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KARIBIM VENTURES LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Goodwill
Intangible fixed assets (including purchased goodwill and patents) are included at cost
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
250,000 
At 31 May 2023
250,000 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
250,000 
At 31 May 2022
250,000 
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 
£ 
£ 
Trade creditors
5,000 
- 
Taxes and social security
(697)
(653)
Loans from directors
45,941 
11,391 
50,244 
10,738 
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KARIBIM VENTURES LIMITED Notes to the Accounts for the year ended 31 May 2023
6
Share capital
2023 
2022 
£ 
£ 
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).
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