NGAMILAND EXPLORATIONS LIMITED - Accounts to registrar (filleted) - small 18.2
NGAMILAND EXPLORATIONS LIMITED - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2019 |
FOR |
NGAMILAND EXPLORATIONS LIMITED |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 JULY 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NGAMILAND EXPLORATIONS LIMITED |
COMPANY INFORMATION |
for the year ended 31 JULY 2019 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
BALANCE SHEET |
31 JULY 2019 |
31.7.19 | 31.7.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank | 8 |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Retained earnings | 11 |
SHAREHOLDERS' FUNDS |
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. |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
BALANCE SHEET - continued |
31 JULY 2019 |
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 on |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 JULY 2019 |
1. | STATUTORY INFORMATION |
NGAMILAND EXPLORATIONS LIMITED is a |
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 |
Turnover |
Turnover represents net sales of tours excluding value added tax. |
The turnover is wholly earned in Africa. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Fixtures and fittings | - |
Office equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Foreign currencies |
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 rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 JULY 2019 |
2. | ACCOUNTING POLICIES - continued |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Additions |
At 31 July 2019 |
AMORTISATION |
Charge for year |
At 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Office |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2018 |
Additions |
At 31 July 2019 |
DEPRECIATION |
At 1 August 2018 |
Charge for year |
At 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
At 31 July 2018 |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 JULY 2019 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 August 2018 |
and 31 July 2019 |
NET BOOK VALUE |
At 31 July 2019 |
At 31 July 2018 |
During the previous year a subsidiary, African Safari Tours Ltd, was set up. The company is dormant. |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
8. | CASH AT BANK |
The balance for cash at bank includes £Nil (2018: £30,000) ATOL Bond. The bond has been cleared as the |
company has moved to using bond insurance instead. |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
The balance for other creditors includes £206,806 of deferred income (2018: £91,456). |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.19 | 31.7.18 |
value: | £ | £ |
ordinary | 1 | 30,000 | 30,000 |
NGAMILAND EXPLORATIONS LIMITED (REGISTERED NUMBER: 09704075) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 JULY 2019 |
11. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2018 |
Profit for the year |
Dividends | ( |
) |
At 31 July 2019 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 July 2019 and |
31 July 2018: |
31.7.19 | 31.7.18 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
13. | ULTIMATE CONTROLLING PARTY |
Mr J Gibson, the director, controls the company by virtue of a controlling interest of 100% of the issued ordinary |
share capital. |