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REGISTERED NUMBER: 02348880













Financial Statements

for the Year Ended 31 December 2023

for

Okavango Explorations (UK) Limited
Trading as
Hartley's Safaris

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Okavango Explorations (UK) Limited
Trading as Hartley's Safaris

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr N H H Smith
Ms J Kingsley



SECRETARY: Mrs R D De Cozar



REGISTERED OFFICE: The Old Chapel
Chapel Lane
Hackthorn
LINCOLN
Lincolnshire
LN2 3PN



REGISTERED NUMBER: 02348880



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Barclays Bank plc
Pall Mall Corporate Banking Group
PO Box 15165
LONDON
SW1A 1QF

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 2

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 5 26,288 28,918
Cash at bank and in hand 7,347 6,636
37,135 39,054
CREDITORS
Amounts falling due within one year 6 26,697 25,784
NET CURRENT ASSETS 10,438 13,270
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,440

13,272

CREDITORS
Amounts falling due after more than
one year

7

51,181

51,181

CAPITAL AND RESERVES
Called up share capital 10,002 10,002
Share premium 24,999 24,999
Retained earnings (75,742 ) (72,910 )
SHAREHOLDERS' FUNDS (40,741 ) (37,909 )
10,440 13,272

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Statement of Financial Position - continued
31 December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 July 2024 and were signed on its behalf by:





Ms J Kingsley - Director


Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Okavango Explorations (UK) Limited is a private company, limited by shares, registered in England/Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover represents the invoice value of holidays that have reached the departure date during the financial year net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. All differences are taken to the Profit and Loss account.

Provision is made for any losses arising in respect of bookings received in advance of fulfilling the contracts arising in future periods resulting from movements in currency rates.

Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Deferred income
The accounts show in creditors under accruals and deferred income the value of sales invoices raised during the financial year for tours with a date of travel after the financial year end.

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 15,312 36,993 52,305
DEPRECIATION
At 1 January 2023
and 31 December 2023 15,312 36,991 52,303
NET BOOK VALUE
At 31 December 2023 - 2 2
At 31 December 2022 - 2 2

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,551 4,544
Other debtors 15,205 15,205
VAT 3,210 2,498
Prepayments 3,322 6,671
26,288 28,918

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 112 127
Trade creditors 2,528 2
Social security and other taxes 9 9
Other creditors 12,661 -
Accruals and deferred income 11,387 25,646
26,697 25,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Directors' loan accounts 51,181 51,181

Okavango Explorations (UK) Limited (Registered number: 02348880)
Trading as Hartley's Safaris

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. RELATED PARTY DISCLOSURES

Included in creditors due after one year are the director's current account balances totalling £51,181 (2022: £51,181). These loans are unsecured and no interest has been charged.