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REGISTERED NUMBER: 02682464 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

NOVOSHIP (UK) LIMITED

NOVOSHIP (UK) LIMITED (REGISTERED NUMBER: 02682464)

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


NOVOSHIP (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTOR: Vladimir Oskirko





REGISTERED OFFICE: 3 More London Riverside
London
SE1 2AQ





REGISTERED NUMBER: 02682464 (England and Wales)





AUDITORS: Crane & Partners
Chartered Accountants & Statutory Auditors
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

NOVOSHIP (UK) LIMITED (REGISTERED NUMBER: 02682464)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   

CREDITORS
Amounts falling due within one year 4 3,330 5,640
NET CURRENT LIABILITIES (3,330 ) (5,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,330

)

(5,640

)

CREDITORS
Amounts falling due after more than one
year

5

1,308,693

1,376,505
NET LIABILITIES (1,312,023 ) (1,382,145 )

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Retained earnings (1,337,023 ) (1,407,145 )
SHAREHOLDERS' FUNDS (1,312,023 ) (1,382,145 )

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 15 October 2024 and were signed by:





Vladimir Oskirko - Director


NOVOSHIP (UK) LIMITED (REGISTERED NUMBER: 02682464)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Novoship (UK) 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.

The directors have reviewed the projected financial position of the company for the foreseeable future. This review indicates that the company will require continued financial support from group companies for it to meet its continuing costs as they fall due. The parent company has indicated that this support will be forthcoming and on this basis, the director are of the opinion that it is appropriate to prepare these financial statements on the going concern basis.

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.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 3,330 5,640

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Amounts owed to group undertakings 1,308,693 1,376,505

NOVOSHIP (UK) LIMITED (REGISTERED NUMBER: 02682464)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


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

The Report of the Auditors was unqualified.

Raymond McDonagh FCA (Senior Statutory Auditor)
for and on behalf of Crane & Partners

7. RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount due to the parent company of £1,308,693 (2022:£1,376,505).

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is PAO Sovcomflot, a state controlled company in the Russian Federation.