2023-01-01 05462528 2023-12-31 05462528 2023-01-01 2023-12-31 05462528 2022-12-31 05462528 2022-01-01 2022-12-31 05462528 uk-core:WithinOneYear 2022-12-31 05462528 uk-core:WithinOneYear 2023-12-31 05462528 uk-core:AfterOneYear 2022-12-31 05462528 uk-core:AfterOneYear 2023-12-31 05462528 uk-core:ShareCapital 2023-12-31 05462528 uk-core:ShareCapital 2022-12-31 05462528 uk-core:SharePremium 2023-12-31 05462528 uk-core:SharePremium 2022-12-31 05462528 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 05462528 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 05462528 uk-bus:Director1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 05462528 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 05462528 uk-bus:FRS102 2023-01-01 2023-12-31 05462528 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 05462528 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Draft
AFRICAN BUSH CAMPS LIMITED
Registered Number:05462528
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
Draft
Registered Number :
05462528
As at 31 December 2023
AFRICAN BUSH CAMPS LIMITED
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Financial assets
68
68
68
68
Current assets
Trade and other receivables
145,563
107,696
2
774,869
Cash and cash equivalents
513,876
621,572
920,432
Trade and other payables: amounts falling due within one
year
(3,628,628)
(3,967,915)
3
(2,708,196)
(3,346,343)
Net current liabilities
Total assets less current liabilities
(3,346,275)
(2,708,128)
Trade and other payables: amounts falling due after more
than one year
(2,466,640)
(1,119,625)
4
(4,465,900)
Net liabilities
(5,174,768)
Capital and reserves
Called up share capital
200
200
Share premium account
331,724
331,724
Retained earnings
(4,797,824)
(5,506,692)
(4,465,900)
(5,174,768)
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
B M NDLOVU Director
These financial statements were approved and authorised for issue by the Board on 17 September 2024 and were signed by:
The notes form part of these financial statements
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Draft
For the year ended 31 December 2023
AFRICAN BUSH CAMPS LIMITED
Notes to the Financial Statements
Statutory Information
AFRICAN BUSH CAMPS LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05462528.
Registered address:
SUITE 1 STAPLE HOUSE
ELEANOR'S CROSS
DUNSTABLE
BEDFORDSHIRE
LU6 1QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Trade and other receivables
2022
2023
£
£
Trade debtors
75,890
119,169
Amounts owed by group undertakings and participating interests
31,283
18,357
Other debtors
523
8,037
145,563
107,696
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
121,956
140,292
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
1,134,123
910,206
Taxation and social security
5,543
2,779
Other creditors
2,706,293
2,575,351
3,967,915
3,628,628
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4
Draft
For the year ended 31 December 2023
AFRICAN BUSH CAMPS LIMITED
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
1,119,625
2,466,640
5. Related party transactions
Included in the cost of sales are the following payments to fellow subsidiary companies relating to the provision of
safari camp accommodation and related services:-
Country Cost Incurred Balance Due
from (to)
Cranes Nest Safaris (Proprietary) Ltd Botswana £1,149,260 (£126,872)
Lake Lodges (Private) Ltd Zimbabwe £568,073 (£75,748)
Ledgeback Safaris (Private) Ltd Zimbabwe £2,714,037 £2,194
Safari Drive Botswana (Proprietary) Ltd Botswana £279,279 (£3,144)
Khwai Leadwood (Proprietary) Ltd Botswana £1,633,275 (£341,235)
Thorntree Investments Ltd Zambia £1,649,966 (£250,153)
Marula Expeditions Travel Agency (Pty) Ltd Botswana - (£29,156)
ABC Community & Conservation (Pty) Ltd - (£307,815)
In addition, the company subcontracted its sales, marketing, customer service and order processing functions to
related parties based in Africa. Amounts paid for the provision of these services were:-
Country Cost Incurred Balance Due
from (to)
Safari ABC (Proprietary) Ltd South Africa £1,694,714 £3,824
Siavonga Enterprises Zimbabwe £125,492 £25,264
The company also has a loan of £1,119,625 from its parent company, African Bush Camps Ltd (incorporated in
Mauritius). This loan is denominated in US Dollars and is interest free. The ultimate controlling party is Mr R J Dow.
6. Average number of persons employed
During the year the average number of employees was 0
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