BANTU FINANCE LTD

Company Registration Number:
11936662 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

BANTU FINANCE LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

BANTU FINANCE LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 1,000,000 7,850,000
Tangible assets: 4 0 16,015,000
Investments: 5 2,000,000 89,887,000
Total fixed assets: 3,000,000 113,752,000
Current assets
Cash at bank and in hand: 1,348,760 23,675,000
Total current assets: 1,348,760 23,675,000
Net current assets (liabilities): 1,348,760 23,675,000
Total assets less current liabilities: 4,348,760 137,427,000
Total net assets (liabilities): 4,348,760 137,427,000
Capital and reserves
Called up share capital: 100,000 100,000
Share premium account: 98,000 98,000
Revaluation reserve:61,160,00081,620,500
Other reserves: 2,740,760 36,509,800
Profit and loss account: 250,000 19,098,700
Shareholders funds: 4,348,760 137,427,000

The notes form part of these financial statements

BANTU FINANCE LTD

Balance sheet statements

For the year ending 30 April 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 April 2025
and signed on behalf of the board by:

Name: Mhofu Investment Trust
Status: Director

The notes form part of these financial statements

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 2 47

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Intangible Assets

Total
Cost £
At 01 May 2023 7,850,000
Disposals (6,850,000)
At 30 April 2024 1,000,000
Net book value
At 30 April 2024 1,000,000
At 30 April 2023 7,850,000

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible Assets

Total
Cost £
At 01 May 2023 16,015,000
Disposals (16,015,000)
At 30 April 2024 0
Net book value
At 30 April 2024 0
At 30 April 2023 16,015,000

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Fixed investments

Shareholding in various listed and unlisted companies. Derivative financial instruments.

BANTU FINANCE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

6. Revaluation reserve

2024
£
Balance at 01 May 2023 81,620,500
Surplus or deficit after revaluation (80,460,500)
Balance at 30 April 2024 1,160,000