REGISTERED NUMBER: 10335742 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Giraffidae Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Knight

Mr I M Standingford

REGISTERED OFFICE:

13 Bedford Road

Wootton

Bedford

Bedfordshire

MK43 9JT

REGISTERED NUMBER:

10335742 (England and Wales)

FIXED ASSETS

Tangible assets

5

1,024

1,614

Investment property

6

430,000

400,000

431,024

401,614

CURRENT ASSETS

Debtors

7

372

329

Cash at bank

10,216

5,769

10,588

6,098

CREDITORS

Amounts falling due within one year

8

(280,490

)

(269,116

)

NET CURRENT LIABILITIES

(269,902

)

(263,018

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,122

138,596

CREDITORS

Amounts falling due after more than one year

9

(23,148

)

(28,704

)

PROVISIONS FOR LIABILITIES

(26,528

)

(26,650

)

NET ASSETS

111,446

83,242

CAPITAL AND RESERVES

Called up share capital

11

100

100

Revaluation reserve

12

102,508

80,008

Retained earnings

8,838

3,134

SHAREHOLDERS' FUNDS

111,446

83,242

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 December 2025 and were signed on its behalf by:

Mr N Knight - Director

Mr I M Standingford - Director

1.	STATUTORY INFORMATION

Giraffidae Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the balance sheet date the company had net current liabilities of £269,902 (2024: £263,018). The Directors' have pledged their continued support to the company for the foreseeable future and on this basis the accounts have been prepared on a going concern basis.

Judgements

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises the fair value of the rent receivable for the period in the course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

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

-

25% on cost

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by either an external valuer or the directors. In determining the value, observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset are used. Changes in fair value are recognised in profit or loss.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

2,359

DEPRECIATION

At 1 April 2024

745

Charge for year

590

At 31 March 2025

1,335

NET BOOK VALUE

At 31 March 2025

1,024

At 31 March 2024

1,614

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

400,000

Revaluations

30,000

At 31 March 2025

430,000

NET BOOK VALUE

At 31 March 2025

430,000

At 31 March 2024

400,000

There has been no valuation of investment properties by an independant valuer. The director has considered the market value of the properties and considers that the current value is representative of the market value of the investment properties at the balance sheet date.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

430,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

372

329

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 10)

5,556

5,556

Tax

190

198

VAT

505

487

Other creditors

30,229

29,204

Directors' current accounts

243,084

232,781

Accrued expenses

926

890

280,490

269,116

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 10)

23,148

28,704

10.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,556

5,556

Amounts falling due between one and two years:

Bank loans - 1-2 years

23,148

28,704

Non current borrowings consists of £23,148 (2024: £28,704) on the bounce back bank loan due over 1 year. Current year borrowings consists of £5,556 (2024: £5,556) on the bounce back bank loan due within 1 year.

The company acquired a loan under the Bounce Back Loan Scheme (BBLS) which is managed by the British Bank and on behalf of, and with the financial backing of, the Secretary of State of Business, Energy and Industrial Strategy.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

1

100

100

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

80,008

Non-distributable transfer

22,500

At 31 March 2025

102,508

13.	RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed Mr N Knight and Mr I M Standingford £243,084 (2024: £232,781). There are no terms for repayment, and interest is being charged at 5% per annum.

During the period the company received rental income of £16,600 (2024: £16,600) from Okapi EnterpriseLimited for use of the company investment property. The rent charged is at full market rate.

Included within other creditors there is a loan to a connected company, Okapi Enterprises Limited of £30,229 (2024: £29,204). There are no terms relating to the repayment of capital and interest is being charged 3.5%per annum. Okapi Enterprises Limited is related through common ownership.

14.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, acting in concert.