REGISTERED NUMBER: |
Financial Statements |
for the Year Ended 30 September 2024 |
for |
AFRICAN ADVENTURES LTD |
TRADING AS |
AFRICAN ADVENTURES |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced services excluding value added tax. |
Tangible fixed assets |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 106,172 | 127,972 |
Other debtors |
VAT |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other loans (see note 8) |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Pension liability | - | 2,101 |
Directors' current accounts | 20,000 | 20,000 |
Accruals and deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Other loans (see note 8) |
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 |
Amounts falling due between one and two years: |
Other loans - 1-2 years | 10,104 |
Amounts falling due between two and five years: |
Other loans - 2-5 years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary | £1 | 29,498 | 29,498 |
Ordinary B | £1 | 1 | 1 |
Ordinary A | £1 | 1 | 1 |
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 |