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REGISTERED NUMBER: 02348880

Financial Statements

for the Year Ended 31 December 2024

for

Okavango Explorations (UK) Limited

Trading as

Hartley's Safaris

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Okavango Explorations (UK) Limited |

| Trading as Hartley's Safaris |

Company Information

for the Year Ended 31 December 2024

| DIRECTORS: | Mr N H H Smith

| Ms J Kingsley

| SECRETARY: | Mrs A M Pilkington

| REGISTERED OFFICE: | The Old Chapel

| Chapel Lane

| Hackthorn

| LINCOLN

| Lincolnshire

| LN2 3PN

| REGISTERED NUMBER: | 02348880

| ACCOUNTANTS: | Nicholsons

| Chartered Accountants

| Newland House

| The Point

| Weaver Road

| LINCOLN

| Lincolnshire

| LN6 3QN

| BANKERS: | Barclays Bank plc

| Pall Mall Corporate Banking Group

| PO Box 15165

| LONDON

| SW1A 1QF

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Statement of Financial Position

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 2 |  | 2 |  |

CURRENT ASSETS

Stocks | 3,500 |  | 3,500 |  |

Debtors | 5 | 110,513 |  | 26,288 |  |

Cash at bank and in hand | 49,934 |  | 7,347 |  |

163,947 |  | 37,135 |  |

CREDITORS

Amounts falling due within one year | 6 | 152,265 |  | 26,697 |  |

NET CURRENT ASSETS | 11,682 |  | 10,438 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 11,684 |  | 10,440 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 51,181 |  | 51,181 |  |

CAPITAL AND RESERVES

Called up share capital | 10,002 |  | 10,002 |  |

Share premium | 24,999 |  | 24,999 |  |

Retained earnings | (74,498 | ) | (75,742 | ) |

SHAREHOLDERS' FUNDS | (39,497 | ) | (40,741 | ) |

11,684 |  | 10,440 |  |

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Statement of Financial Position - continued

31 December 2024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 5 September 2025 and were signed on its behalf by:

Ms J Kingsley - Director

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Okavango Explorations (UK) Limited is a private company, limited by shares, registered in England/Wales. The company's registered number and registered office address can be found on the Company Information page.

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 the invoice value of holidays that have reached the departure date during the financial year net of 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 | - | 20% on cost

| Computer equipment | - | 25% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

| Foreign currencies

| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. All differences are taken to the Profit and Loss account.

| Provision is made for any losses arising in respect of bookings received in advance of fulfilling the contracts arising in future periods resulting from movements in currency rates.

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Deferred income

| The accounts show in creditors under accruals and deferred income the value of sales invoices raised during the financial year for tours with a date of travel after the financial year end.

| Financial instruments

| Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

| Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

| Cash at bank is classified as a basic financial instrument and is measured at transaction price.

| Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024

| and 31 December 2024 | 15,312 |  | 36,993 |  | 52,305 |  |

| DEPRECIATION

| At 1 January 2024

| and 31 December 2024 | 15,312 |  | 36,991 |  | 52,303 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 2 |  | 2 |  |

| At 31 December 2023 | - |  | 2 |  | 2 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | - |  | 4,551 |  |

| Other debtors | 16,738 |  | 15,205 |  |

| VAT | 4,251 |  | 3,210 |  |

| Prepayments | 89,524 |  | 3,322 |  |

110,513 |  | 26,288 |  |

| Okavango Explorations (UK) Limited (Registered number: 02348880) |

| Trading as Hartley's Safaris |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 111 |  | 112 |  |

| Trade creditors | 3,096 |  | 2,528 |  |

| Social security and other taxes | 9 |  | 9 |  |

| Other creditors | 21,657 |  | 12,661 |  |

| Accruals and deferred income | 127,392 |  | 11,387 |  |

152,265 |  | 26,697 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Directors' loan accounts | 51,181 |  | 51,181 |  |

8. | RELATED PARTY DISCLOSURES

| Included in creditors due after one year are the director's current account balances totalling £51,181 (2023: £51,181). These loans are unsecured and no interest has been charged.