PTP Accounts Production v24.2.0.383 07192004 Board of Directors 1.1.23 31.12.23 31.12.23 18.9.24 0 0 false true false false true false Auditors Opinion Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh071920042022-12-31071920042023-12-31071920042023-01-012023-12-31071920042021-12-31071920042022-01-012022-12-31071920042022-12-3107192004ns15:EnglandWales2023-01-012023-12-3107192004ns14:PoundSterling2023-01-012023-12-3107192004ns10:Director12023-01-012023-12-3107192004ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107192004ns10:SmallEntities2023-01-012023-12-3107192004ns10:Audited2023-01-012023-12-3107192004ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107192004ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107192004ns10:FullAccounts2023-01-012023-12-3107192004ns10:OrdinaryShareClass12023-01-012023-12-3107192004ns10:Director22023-01-012023-12-3107192004ns10:RegisteredOffice2023-01-012023-12-3107192004ns5:CurrentFinancialInstruments2023-12-3107192004ns5:CurrentFinancialInstruments2022-12-3107192004ns5:ShareCapital2023-12-3107192004ns5:ShareCapital2022-12-3107192004ns5:SharePremium2023-12-3107192004ns5:SharePremium2022-12-3107192004ns5:RetainedEarningsAccumulatedLosses2023-12-3107192004ns5:RetainedEarningsAccumulatedLosses2022-12-3107192004ns5:CostValuation2022-12-3107192004ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 07192004 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Advance Shipping Holding Limited

Advance Shipping Holding Limited (Registered number: 07192004)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Advance Shipping Holding Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs EV Kolobova
Mr AS Drury





REGISTERED OFFICE: 12 Mason's Avenue
London
EC2V 5BT





REGISTERED NUMBER: 07192004 (England and Wales)





AUDITOR: Paul Hartley FCA
Statutory Auditor
PO Box 27075
London
N2 0FZ

Advance Shipping Holding Limited (Registered number: 07192004)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 447,705 447,705

CREDITORS
Amounts falling due within one year 5 275,004 275,004
NET CURRENT LIABILITIES (275,004 ) (275,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,701

172,701

CAPITAL AND RESERVES
Called up share capital 6 100 100
Share premium 585,206 585,206
Retained earnings (412,605 ) (412,605 )
SHAREHOLDERS' FUNDS 172,701 172,701

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 18 September 2024 and were signed on its behalf by:





Mrs EV Kolobova - Director


Advance Shipping Holding Limited (Registered number: 07192004)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Advance Shipping Holding 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 holding company and its subsidiaries comprise a small group and the company has therefore taken advantage of the exemption in section 399(1) of the Companies Act 2006 not to prepare consolidated accounts. These financial statements therefore represent the activities of the holding company only, and not the group as a whole.

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.

Investment in subsidiary
The investment in subsidiary is stated at cost less impairment.

Advance Shipping Holding Limited (Registered number: 07192004)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on the going concern basis notwithstanding the fact that there are net current liabilities in the sum of £275,004 at the year end, because the whole of this amount is owed to the company's 100% owned subsidiary company, Advance Shipping Limited.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 860,310
PROVISIONS
At 1 January 2023
and 31 December 2023 412,605
NET BOOK VALUE
At 31 December 2023 447,705
At 31 December 2022 447,705

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 275,004 275,004

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary shares £1 100 100

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Paul Hartley FCA

Advance Shipping Holding Limited (Registered number: 07192004)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.