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REGISTERED NUMBER: 13780954 (England and Wales)















Financial Statements

for the Period 3 December 2021 to 31 December 2022

for

Africa Greenco Group Limited

Africa Greenco Group Limited (Registered number: 13780954)






Contents of the Financial Statements
for the period 3 December 2021 to 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Africa Greenco Group Limited

Company Information
for the period 3 December 2021 to 31 December 2022







DIRECTORS: Mrs C M Oxby
T N Thakur
Ms I Hoxha
Ms A H Shields
J D Carrick





REGISTERED OFFICE: 1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD





REGISTERED NUMBER: 13780954 (England and Wales)





AUDITORS: Grant Harrod Lerman Davis LLP
Chartered Accountants
Statutory Auditors
1st Floor
Healthaid House
Marlborough Hill
Harrow
Middlesex
HA1 1UD

Africa Greenco Group Limited (Registered number: 13780954)

Balance Sheet
31 December 2022

Notes $    $   
FIXED ASSETS
Intangible assets 4 477,904
Investments 5 12
477,916

CURRENT ASSETS
Debtors 6 1,558,042
Cash at bank 253,618
1,811,660
CREDITORS
Amounts falling due within one year 7 777,429
NET CURRENT ASSETS 1,034,231
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,512,147

CAPITAL AND RESERVES
Called up share capital 3,284
Share premium 2,390,354
Retained earnings (881,491 )
1,512,147

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 27 July 2023 and were signed on its behalf by:




Mrs C M Oxby - Director



Ms A H Shields - Director


Africa Greenco Group Limited (Registered number: 13780954)

Notes to the Financial Statements
for the period 3 December 2021 to 31 December 2022

1. STATUTORY INFORMATION

Africa Greenco Group 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.

The presentation currency of the financial statements is the US Dollar ($).


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.

Preparation of consolidated financial statements
The financial statements contain information about Africa Greenco Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Africa Greenco Group Limited (Registered number: 13780954)

Notes to the Financial Statements - continued
for the period 3 December 2021 to 31 December 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
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.

Related parties exemption
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.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Going concern
The Company's balance sheet shows a negative reserves due to losses. The Company's shareholders have confirmed their support of the company for the 12 months following the date of signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4. INTANGIBLE FIXED ASSETS
Goodwill
$   
COST
Additions 597,380
At 31 December 2022 597,380
AMORTISATION
Charge for period 119,476
At 31 December 2022 119,476
NET BOOK VALUE
At 31 December 2022 477,904

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
$   
COST
Additions 12
At 31 December 2022 12
NET BOOK VALUE
At 31 December 2022 12

Africa Greenco Group Limited (Registered number: 13780954)

Notes to the Financial Statements - continued
for the period 3 December 2021 to 31 December 2022

6. DEBTORS
$   
Amounts falling due within one year:
Trade debtors 64,624
Amounts owed by group undertakings 3,370
Other debtors 222,973
290,967

Amounts falling due after more than one year:
Trade debtors 1,267,075

Aggregate amounts 1,558,042

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
$   
Trade creditors 84,453
Other creditors 692,976
777,429

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

The Report of the Auditors was unqualified.

Michael Lerman (Senior Statutory Auditor)
for and on behalf of Grant Harrod Lerman Davis LLP

9. ULTIMATE CONTROLLING PARTY

The controlling party is Africa Greenco Founders Ltd.