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Company Registration No. 09964563 (England and Wales)
Africa Advisory Limited Unaudited accounts for the year ended 31 March 2023
Africa Advisory Limited Unaudited accounts Contents
Page
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Africa Advisory Limited Company Information for the year ended 31 March 2023
Directors
Tinashe Makoni Alice Makoni
Company Number
09964563 (England and Wales)
Registered Office
Flat 1 2 Shooters Hill Road London SE3 7BD United Kingdom
Accountants
Yukimi Rabnott FCPFA for and on behalf of On The Spot Trading Name of Carson Rabnott Limited EC2Y 8BY
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Africa Advisory Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
163 
315 
Investments
30,000 
30,000 
30,163 
30,315 
Current assets
Debtors
510 
13,124 
Cash at bank and in hand
922 
89 
1,432 
13,213 
Creditors: amounts falling due within one year
(11,222)
(10,877)
Net current (liabilities)/assets
(9,790)
2,336 
Total assets less current liabilities
20,373 
32,651 
Creditors: amounts falling due after more than one year
(29,909)
(29,907)
Net (liabilities)/assets
(9,536)
2,744 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(9,556)
2,724 
Shareholders' funds
(9,536)
2,744 
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 14 November 2023 and were signed on its behalf by
Tinashe Makoni Director Company Registration No. 09964563
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Africa Advisory Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Africa Advisory Limited is a private company, limited by shares, registered in England and Wales, registration number 09964563. The registered office is Flat 1, 2 Shooters Hill Road, London, SE3 7BD, 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.
Revenue
Revenue, described as turnover, is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.
Tangible fixed assets and depreciation
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery
three years
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investments
Investments in shares are included at fair value.
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Africa Advisory Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,090 
At 31 March 2023
5,090 
Depreciation
At 1 April 2022
4,775 
Charge for the year
152 
At 31 March 2023
4,927 
Net book value
At 31 March 2023
163 
At 31 March 2022
315 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
30,000 
Valuation at 31 March 2023
30,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
510 
13,124 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,587 
7,800 
Taxes and social security
(1,114)
1,144 
Loans from directors
4,495 
- 
Accruals
2,254 
1,933 
11,222 
10,877 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
29,909 
29,907 
9
Transactions with related parties
There were no material transactions with directors and shareholders that were not conducted under normal market conditions. The amounts owed by the directors are included within other debtors. The balance is payable on demand and interest of £59.93 has been charged.
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Africa Advisory Limited Notes to the Accounts for the year ended 31 March 2023
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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