Company registration number 09310745 (England and Wales)
AFRICA 360 CAPITAL LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
AFRICA 360 CAPITAL LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
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The director presents his annual report and financial statements for the year ended 31 December 2022.

Principal activities

The company did not trade during the current or the preceding year.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

Mr N Sao
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr N Sao
Director
21 November 2023
AFRICA 360 CAPITAL LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
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2022
2021
Notes
£
£
£
£
Current assets
Debtors
3
10,000
10,000
Net current assets
10,000
10,000
Capital and reserves
Called up share capital
4
10,000
10,000

For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared 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 financial statements were approved and signed by the director and authorised for issue on 21 November 2023
Mr N Sao
Director
Company Registration No. 09310745
AFRICA 360 CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
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1
Accounting policies
Company information

Africa 360 Capital Limited is a private company limited by shares incorporated in England and Wales. The registered office is 35 Berkeley Square, Mayfair, London, W1J 5BF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements. true

1.3
Profit and loss account

The company has not traded during the current or preceding year. During this time the company received no income and incurred no expenditure and therefore no Profit and Loss Account is presented in these financial statements

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's Balance Sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The company did not have any employees in the current or previous year.

3
Debtors
2022
2021
£
£
Other debtors
10,000
10,000
AFRICA 360 CAPITAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
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4
Called up share capital
2022
2021
£
£
Ordinary share capital
Issued and fully paid
10,000 ordinary shares of £1 each
10,000
10,000
5
Controlling party

The company was under the control of its director throughout the current and prior year.

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