AFRIZONE CAPITAL LIMITED

Company Registration Number:
13763538 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

AFRIZONE CAPITAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

AFRIZONE CAPITAL LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Called up share capital not paid: 7,064,203 100
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 6,915 0
Investments: 4 3,255 0
Total fixed assets: 10,170 0
Current assets
Cash at bank and in hand: 131
Total current assets: 131
Net current assets (liabilities): 131
Total assets less current liabilities: 7,074,504 100
Total net assets (liabilities): 7,074,504 100
Capital and reserves
Called up share capital: 7,752,200 100
Profit and loss account: (677,696)
Shareholders funds: 7,074,504 100

The notes form part of these financial statements

AFRIZONE CAPITAL LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 August 2024
and signed on behalf of the board by:

Name: Mr Olusegun ADAMS
Status: Director

The notes form part of these financial statements

AFRIZONE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Tangible fixed assets and depreciation policy

Furniture and fittings were depreciated at 20%.While Equipment were depreciated at 15%.

AFRIZONE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

Directors loan of £7,064,203 represents the outstanding of unpaid share capital. This upaid capital shall be offset from future profits of th Company. The shares of the Company remains unalloted until full and final payment of this outstanding.

AFRIZONE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 0
Additions 14,574
At 30 November 2023 14,574
Depreciation
At 01 December 2022 0
Charge for year 7,659
At 30 November 2023 7,659
Net book value
At 30 November 2023 6,915
At 30 November 2022 0

AFRIZONE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Fixed investments

High Yield Investment with Endotec valued at £3,255

AFRIZONE CAPITAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Loans to directors

Name of director receiving advance or credit: Mr Olusegun ADAMS
Description of the loan: Amount due in lieu of unpaid share capital
£
Balance at 01 December 2022 0
Advances or credits made: 3,532,101
Balance at 30 November 2023 3,532,101
Name of director receiving advance or credit: Mr Olufemi ROTIMI
Description of the loan: Amount due in lieu of unpaid share capital
£
Balance at 01 December 2022 0
Advances or credits made: 3,532,101
Balance at 30 November 2023 3,532,101