Little South Africa Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09453649

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,089		111

			1,089		111
CURRENT ASSETS
Debtors	5	23		-
Cash at bank and in hand		1,522		-

		1,545		-
Creditors: Amounts Falling Due Within One Year	6	(15,061 )		(9,414 )

NET CURRENT ASSETS (LIABILITIES)			(13,516 )		(9,414 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(12,427 )		(9,303 )

Creditors: Amounts Falling Due After More Than One Year	7		(10,000 )		(8,000 )

NET LIABILITIES			(22,427 )		(17,303 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(22,428 )		(17,304 )

SHAREHOLDERS' FUNDS			(22,427)		(17,303)

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Little South Africa Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Wesley Mitchell

Director

11/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Little South Africa Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09453649 . The registered office is 1 Waresfoot Drive, Crediton, Devon, EX17 2DG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

These accounts have been prepared on a going concern basis as the Directors are continuing to financially support the company.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% straight line
Computer Equipment	33% reducing balance

2.5. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

2.6. Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

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Little South Africa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

2.8. Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term, highly-liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	-	2,283	2,283
Additions	1,240	-	1,240

As at 31 December 2024	1,240	2,283	3,523

Depreciation
As at 1 January 2024	-	2,172	2,172
Provided during the period	226	36	262

As at 31 December 2024	226	2,208	2,434

Net Book Value
As at 31 December 2024	1,014	75	1,089

As at 1 January 2024	-	111	111

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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Little South Africa Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	23	-

Other debtors includes £23 VAT receivable (2023: nil)

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	570	1,202
Bank loans and overdrafts	-	2,000
Other creditors	14,491	6,212

	15,061	9,414

Other creditors payable within one year includes the following:

Accrued expenses £1,153 (2023: £770)
Income received in advance £1,050 (2023: nil)
Amounts owed to the directors £12,288 (2023: £5,442)

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	10,000	8,000

The bank loan (per note 6 and 7) is repayable over 4 years, the loan is unsecured.

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

During the year the Director advanced cash to the company to fund its operations. As at 31 December 2024, the Company owed the Directors the following amounts:

Wesley Mitchell £11,098 (2023: E5442)
Sharon Mitchell £1,190 (2023: nil)

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