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REGISTERED NUMBER: 04994315 (England and Wales)






















Baltic & Oriental Company Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Baltic & Oriental Company Limited (Registered number: 04994315)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Baltic & Oriental Company Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: Captain J F Holmes





REGISTERED OFFICE: 42 Trinity Court
Hull
East Yorkshire
HU1 2NB





REGISTERED NUMBER: 04994315 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Baltic & Oriental Company Limited (Registered number: 04994315)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 954 1,653

CURRENT ASSETS
Debtors 5 31,337 29,721
Cash at bank 419,682 389,379
451,019 419,100
CREDITORS
Amounts falling due within one year 6 55,376 62,409
NET CURRENT ASSETS 395,643 356,691
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,597

358,344

PROVISIONS FOR LIABILITIES 182 315
NET ASSETS 396,415 358,029

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 395,415 357,029
SHAREHOLDERS' FUNDS 396,415 358,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20th March 2024 and were signed by:



Captain J F Holmes - Director


Baltic & Oriental Company Limited (Registered number: 04994315)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Baltic & Oriental Company 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.

The company provides shipping services in the Black Sea region including Bulgaria, Romania, Ukraine, Russia (excluding Crimea), Georgia, Turkey and Greece.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 30% on 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.

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 1 (2022 - 1 ) .

Baltic & Oriental Company Limited (Registered number: 04994315)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 2,329
DEPRECIATION
At 1st January 2023 676
Charge for year 699
At 31st December 2023 1,375
NET BOOK VALUE
At 31st December 2023 954
At 31st December 2022 1,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,879 12,218
Other debtors 17,458 17,503
31,337 29,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 9,372 15,638
Other creditors 46,004 46,771
55,376 62,409

7. PENSION COMMITMENTS

The company makes payments into a defined contribution pension scheme for the benefit of its employees. Contributions are charged to the profit and loss account when they fall due. The charge for the year amounted to £563 (2022 £465). At the year end there were outstanding pension contributions totalling £109 (2022 £109).

8. RELATED PARTY DISCLOSURES

At 31 December 2023 the company owed £44,363 (2022 £45,322) to the director.