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REGISTERED NUMBER: 06843151 (England and Wales)











Financial Statements

for the Year Ended 30 September 2024

for

AFRICAN ADVENTURES LTD
TRADING AS
AFRICAN ADVENTURES

AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AFRICAN ADVENTURES LTD
TRADING AS AFRICAN ADVENTURES

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr D P Mew
Mr C D Thacker





SECRETARY: Mr D P Mew





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 06843151 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,405 7,067

CURRENT ASSETS
Debtors 5 4,484,713 2,329,265
Cash at bank 631,956 748,126
5,116,669 3,077,391
CREDITORS
Amounts falling due within one year 6 4,802,625 2,968,919
NET CURRENT ASSETS 314,044 108,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,449

115,539

CREDITORS
Amounts falling due after more than one year 7 10,104 20,000
NET ASSETS 316,345 95,539

CAPITAL AND RESERVES
Called up share capital 9 30,003 30,003
Retained earnings 286,342 65,536
SHAREHOLDERS' FUNDS 316,345 95,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES

Balance Sheet - continued
30 September 2024


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 31 January 2025 and were signed on its behalf by:





Mr D P Mew - Director


AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

African Adventures Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net invoiced services excluding 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 - 33% on reducing balance
Computer equipment - 33% on reducing balance

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 balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when these financial statements are authorised for issue. Accordingly, the going concern basis of accounting in the preparation of these financial statements is appropriate. Significant judgement was not required to reach this conclusion.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 11 ) .

AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2023 2,103 8,799 10,902
Additions 3,945 5,567 9,512
At 30 September 2024 6,048 14,366 20,414
DEPRECIATION
At 1 October 2023 1,414 2,421 3,835
Charge for year 1,439 2,735 4,174
At 30 September 2024 2,853 5,156 8,009
NET BOOK VALUE
At 30 September 2024 3,195 9,210 12,405
At 30 September 2023 689 6,378 7,067

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 3,880,062 1,940,533
Amounts owed by participating interests 106,172 127,972
Other debtors 23,847 2,259
VAT 74 4,168
Prepayments and accrued income 474,558 254,333
4,484,713 2,329,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans (see note 8) 10,648 10,000
Trade creditors 230,707 267,199
Tax 136,422 39,682
Social security and other taxes 24,141 21,498
Other creditors 2,856 973
Pension liability - 2,101
Directors' current accounts 20,000 20,000
Accruals and deferred income 4,372,256 2,602,566
Accrued expenses 5,595 4,900
4,802,625 2,968,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans (see note 8) 10,104 20,000

AFRICAN ADVENTURES LTD (REGISTERED NUMBER: 06843151)
TRADING AS AFRICAN ADVENTURES

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Other loans 10,648 10,000

Amounts falling due between one and two years:
Other loans - 1-2 years 10,104 10,000

Amounts falling due between two and five years:
Other loans - 2-5 years - 10,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
29,498 Ordinary £1 29,498 29,498
1 Ordinary B £1 1 1
1 Ordinary A £1 1 1
501 Ordinary C £1 501 501
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
30,003 30,003

10. RELATED PARTY TRANSACTIONS

Included in debtors due within one year is £106,172 (2023: £127,972) due from DPM investments Ltd, a company in which there is common control.

As at the balance sheet date, included in debtors due within one year is £20,000 (2023 due to: £20,000), due and payable from the director. The amount is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D P Mew.