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REGISTERED NUMBER: 13096999 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

GIRAFFE VENTURES LTD

GIRAFFE VENTURES LTD (REGISTERED NUMBER: 13096999)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GIRAFFE VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M R Patel
G B Roberts





REGISTERED OFFICE: Braemore Square Country House
Loch Broom
Garve
Ross-Shire
IV23 2RX





REGISTERED NUMBER: 13096999 (England and Wales)





ACCOUNTANTS: Galloways Accounting
Atlas Chambers
33 West Street
Brighton
East Sussex
BN1 2RE

GIRAFFE VENTURES LTD (REGISTERED NUMBER: 13096999)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 976,611 1,050,269

CURRENT ASSETS
Debtors 5 2,186 48
Cash at bank 34,860 33,325
37,046 33,373
CREDITORS
Amounts falling due within one year 6 (1,003,083 ) (1,004,557 )
NET CURRENT LIABILITIES (966,037 ) (971,184 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,574

79,085

PROVISIONS FOR LIABILITIES 7 - (11,666 )
NET ASSETS 10,574 67,419

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 - 54,955
Retained earnings 10,474 12,364
SHAREHOLDERS' FUNDS 10,574 67,419

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 28 November 2023 and were signed on its behalf by:





M R Patel - Director


GIRAFFE VENTURES LTD (REGISTERED NUMBER: 13096999)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Giraffe Ventures Ltd 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 Pound Sterling (£).


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

Turnover represents amounts receivable by the company in respect of investment income during the period. Turnover is exempt from Value Added Tax.

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 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 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.

Fixed asset investments
Fixed asset investments are initially recognised at cost. Subsequently they are measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

Going concern
Having considered the company's projected performance and expected cashflows, the directors have concluded that the company will be able to meet its liabilities as they fall due and is a going concern. As a result, these financial statements are prepared on a going concern basis.

3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

GIRAFFE VENTURES LTD (REGISTERED NUMBER: 13096999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 1,050,269
Revaluations (73,658 )
At 31 March 2023 976,611
NET BOOK VALUE
At 31 March 2023 976,611
At 31 March 2022 1,050,269

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2022 1,050,269
Valuation in 2023 (73,658 )
976,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,186 48

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 1,969
Directors' current accounts 1,000,059 999,948
Accruals and deferred income 3,024 2,640
1,003,083 1,004,557

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 11,666

Deferred
tax
£   
Balance at 1 April 2022 11,666
Credit to Income Statement during year (11,666 )
Balance at 31 March 2023 -

GIRAFFE VENTURES LTD (REGISTERED NUMBER: 13096999)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
52 Share capital 1 £1 100 100
48 Share capital 2 £1 - -
100 100

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 54,955
Revaluation of fixed assets investments (54,955 )

At 31 March 2023 -