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REGISTERED NUMBER: 02993082 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ALBION SHIPS AGENTS LIMITED

ALBION SHIPS AGENTS LIMITED (REGISTERED NUMBER: 02993082)

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


ALBION SHIPS AGENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J P G van der Peijl





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 02993082 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

ALBION SHIPS AGENTS LIMITED (REGISTERED NUMBER: 02993082)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 4 29,857 29,857
NET CURRENT LIABILITIES (29,857 ) (29,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,857

)

(29,857

)

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings (30,857 ) (30,857 )
SHAREHOLDERS' FUNDS (29,857 ) (29,857 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 23 September 2024 and were signed by:





J P G van der Peijl - Director


ALBION SHIPS AGENTS LIMITED (REGISTERED NUMBER: 02993082)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Albion Ships Agents 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements are not prepared on a going concern basis as the company ceased to trade on 31 December 2013. The director is satisfied that all assets have been written down to their recoverable amounts and appropriate liabilities included where necessary.

Related party exemption
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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

ALBION SHIPS AGENTS LIMITED (REGISTERED NUMBER: 02993082)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,943 21,943
Amounts owed to group undertakings 5,694 5,694
Other creditors 2,220 2,220
29,857 29,857

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary shares 1 1,000 1,000

6. CONTINGENT LIABILITIES

The company has a potential liability estimated at £84,000 in respect of harbour dues etc. incurred on behalf of a former customer of this company which was dissolved on 22nd June 2017.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is De Hoop Terneuzen BV.

8. ULTIMATE PARENT COMPANY

De Hoop Terneuzen BV (incorporated in Holland) is regarded by the director as being the company's ultimate parent company. Registered office and principal place of business: Duitslandweg 2, 4538 BK Terneuzen, Netherlands. De Hoop Terneuzen BV prepares group financial statements and copies can be obtained from their registered office address.

The company's immediate parent undertaking is Euromin (Holdings) Limited, a company registered in England and Wales.