Company Registration No. 14109630 (England and Wales)
Namibian Sustainable Biodiversity Ltd
Unaudited accounts
for the period from 16 May 2022 to 31 May 2023
Namibian Sustainable Biodiversity Ltd
Unaudited accounts
Contents
Namibian Sustainable Biodiversity Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
317
Creditors: amounts falling due within one year
(700)
Net current liabilities
(383)
Total assets less current liabilities
(383)
Creditors: amounts falling due after more than one year
(85,729)
Called up share capital
2,000
Profit and loss account
(88,112)
Shareholders' funds
(86,112)
For the period 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 his 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 16 February 2024 and were signed on its behalf by
Lance Reginald Coogan
Director
Company Registration No. 14109630
Namibian Sustainable Biodiversity Ltd
Notes to the Accounts
for the period from 16 May 2022 to 31 May 2023
Namibian Sustainable Biodiversity Ltd is a private company, limited by shares, registered in England and Wales, registration number 14109630. The registered office is Ide Hill House, Emmetts Lane, Ide Hill, Sevenoaks, Kent, TN14 6BB, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company is a going concern. The company is funded and supported by long term shareholders.
4
Creditors: amounts falling due within one year
2023
5
Creditors: amounts falling due after more than one year
2023
Namibian Sustainable Biodiversity Ltd
Notes to the Accounts
for the period from 16 May 2022 to 31 May 2023
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000
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Transactions with related parties
Other creditors in the long term liabilities include £17,000 payable to Linnaeus Holdings Limited and £68,729 to the director Lance Reginald Coogan.
8
Average number of employees
During the period the average number of employees was 0.