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Company Registration No. 11970200 (England and Wales)
Olduvai Ltd Unaudited accounts for the year ended 30 April 2024
Olduvai Ltd Unaudited accounts Contents
Page
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Olduvai Ltd Company Information for the year ended 30 April 2024
Directors
Matthew Mungo Tristram Soggot Robyn Scott Richard James Addis
Company Number
11970200 (England and Wales)
Registered Office
2 Vicarage Drive London SW14 8RX England
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Olduvai Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
279 
- 
Investments
7 
- 
286 
- 
Current assets
Debtors
780,900 
539,738 
Cash at bank and in hand
191,762 
65,907 
972,662 
605,645 
Creditors: amounts falling due within one year
(523,751)
(215,047)
Net current assets
448,911 
390,598 
Total assets less current liabilities
449,197 
390,598 
Creditors: amounts falling due after more than one year
(251,559)
(270,000)
Net assets
197,638 
120,598 
Capital and reserves
Called up share capital
127 
127 
Share premium
219,926 
219,926 
Capital contribution reserve
54,574 
- 
Profit and loss account
(76,989)
(99,455)
Shareholders' funds
197,638 
120,598 
For the year ending 30 April 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
Matthew Mungo Tristram Soggot Director Company Registration No. 11970200
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Olduvai Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Olduvai Ltd is a private company, limited by shares, registered in England and Wales, registration number 11970200. The registered office is 2 Vicarage Drive, London, SW14 8RX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at cost.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Olduvai Ltd Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
- 
Additions
294 
At 30 April 2024
294 
Depreciation
Charge for the year
15 
At 30 April 2024
15 
Net book value
At 30 April 2024
279 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 May 2023
- 
Additions
7 
Valuation at 30 April 2024
7 
The company has a 100% owned subsidiary, Olduvai (Pty) Ltd, registered in South Africa with registered number 2019/392667/07 and address 368 Jan Smuts Avenue, Craighall, Johannesburg, South Africa. This investment is held at cost.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
18 
Amounts due from group undertakings etc.
731,294 
538,720 
Accrued income and prepayments
49,606 
1,000 
780,900 
539,738 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
300 
397 
Taxes and social security
1,801 
2,659 
Other creditors
- 
14 
Loans from directors
20,048 
22,649 
Accruals
471,847 
189,328 
Deferred income
29,755 
- 
523,751 
215,047 
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Olduvai Ltd Notes to the Accounts for the year ended 30 April 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
251,559 
270,000 
As of 30 April 2024, other creditors comprises £251,559 (2023: £270,000) of convertible bonds which carry conversion rights. These bonds are subject to terms that allow the holders to convert the debt into equity, subject to specific conditions outlined in the related agreements. The conversion rights are exercisable at the discretion of the bondholders and, if exercised, may result in the issuance of equity instruments in exchange for the outstanding debt.
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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