IRIS Accounts Production v23.1.0.753 02963508 Board of Directors 1.2.23 5.10.23 5.10.23 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure029635082023-01-31029635082023-10-05029635082023-02-012023-10-05029635082022-01-31029635082022-02-012023-01-31029635082023-01-3102963508ns15:EnglandWales2023-02-012023-10-0502963508ns14:PoundSterling2023-02-012023-10-0502963508ns10:Director12023-02-012023-10-0502963508ns10:PrivateLimitedCompanyLtd2023-02-012023-10-0502963508ns10:SmallEntities2023-02-012023-10-0502963508ns10:AuditExempt-NoAccountantsReport2023-02-012023-10-0502963508ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012023-10-0502963508ns10:SmallCompaniesRegimeForAccounts2023-02-012023-10-0502963508ns10:AbridgedAccounts2023-02-012023-10-0502963508ns10:Director22023-02-012023-10-0502963508ns10:RegisteredOffice2023-02-012023-10-0502963508ns5:ShareCapital2023-10-0502963508ns5:ShareCapital2023-01-3102963508ns5:RetainedEarningsAccumulatedLosses2023-10-0502963508ns5:RetainedEarningsAccumulatedLosses2023-01-31
REGISTERED NUMBER: 02963508 (England and Wales)















Unaudited Financial Statements

for the Period 1 February 2023 to 5 October 2023

for

Shipmanagement Trading Limited

Shipmanagement Trading Limited (Registered number: 02963508)






Contents of the Financial Statements
for the Period 1 February 2023 to 5 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Shipmanagement Trading Limited

Company Information
for the Period 1 February 2023 to 5 October 2023







DIRECTORS: Mr A P Howson
Mrs J L Howson





REGISTERED OFFICE: The Railway Station
Chapel Street
Market Rasen
Lincolnshire
LN8 3AQ





REGISTERED NUMBER: 02963508 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Shipmanagement Trading Limited (Registered number: 02963508)

Abridged Balance Sheet
5 October 2023

5.10.23 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 300

CURRENT ASSETS
Debtors - 4,624
Cash at bank 19,043 24,078
19,043 28,702
NET CURRENT ASSETS 19,043 28,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,043

29,002

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,042 29,001
SHAREHOLDERS' FUNDS 19,043 29,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 October 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 5 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 October 2023 and were signed on its behalf by:





Mr A P Howson - Director


Shipmanagement Trading Limited (Registered number: 02963508)

Notes to the Financial Statements
for the Period 1 February 2023 to 5 October 2023

1. STATUTORY INFORMATION

Shipmanagement Trading 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. 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.

Preparation of consolidated financial statements
The financial statements present information about the company as an individual undertaking and not about its group.The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - 2 ).

Shipmanagement Trading Limited (Registered number: 02963508)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 5 October 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023 300
Disposals (300 )
At 5 October 2023 -
NET BOOK VALUE
At 5 October 2023 -
At 31 January 2023 300

5. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A P Howson.