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Registered number: 09864577
Inview Africa Limited
Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 09864577
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,556,247 1,556,247
1,556,247 1,556,247
Creditors: Amounts Falling Due Within One Year 5 (1,207,298 ) (1,204,732 )
NET CURRENT ASSETS (LIABILITIES) 348,949 351,515
TOTAL ASSETS LESS CURRENT LIABILITIES 348,949 351,515
NET ASSETS 348,949 351,515
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 347,949 350,515
SHAREHOLDERS' FUNDS 348,949 351,515
For the year ending 31 May 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Adeseni Adeniran
Director
23/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Inview Africa Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09864577 . The registered office is 36 Scotts Road, Bromley, Kent, England, BR1 3QD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
i) the amount of revenue can be measured reliably;
ii) it is probable that the company will receive the consideration due under the contract;
iii) the stage of completion of the contract at the end of the reporting period can be measured reliably; and
iv) the costs incurred and the costs to complete the contract can be measured reliably.
2.3. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
2.4. Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
The company has no employees other than the director, who did not receive any remuneration: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
VAT 322 322
Amounts owed by group undertakings 1,555,925 1,555,925
1,556,247 1,556,247
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,181,043 1,181,043
Accruals and deferred income 11,470 11,470
Directors' loan accounts 14,785 12,219
1,207,298 1,204,732
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Ultimate Controlling Party
The company's ultimate controlling party is Oluwatoyin Subair by virtue of his ownership of 88% of the issued share capital in the company.
Page 3