Company No:
Contents
DIRECTORS | Laure Baratgin (Appointed 09 August 2024) |
Jakob Paaske Larsen (Appointed 06 September 2024) | |
Paul Blain Markides (Appointed 27 June 2023, Resigned 28 June 2024) | |
Ian Jonathan Mcleod (Appointed 29 April 2024) | |
Panagiotis Nikiteas (Appointed 29 April 2024) | |
Christopher Geoffrey Oliver (Appointed 29 April 2024) | |
Andrew James Roberts (Appointed 27 June 2023, Resigned 02 September 2024) | |
Christopher Stephen Saunders (Appointed 31 October 2024) | |
Spyridon Tarasis (Appointed 29 April 2024) |
REGISTERED OFFICE | Wey Court West |
Union Road | |
Farnham | |
GU9 7PT | |
United Kingdom |
COMPANY NUMBER | 14965202 (England and Wales) |
ACCOUNTANT | Shaw Gibbs Limited |
Wey Court West | |
Union Road | |
Farnham | |
Surrey | |
GU9 7PT |
BANKERS |
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Intangible assets | 3 |
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16,589 | ||
Current assets | ||
Debtors | 4 |
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605 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (45,932) | |
Total assets less current liabilities | (29,343) | |
Creditors: amounts falling due after more than one year | 6 | (
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Net liabilities | (
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Capital and reserves | ||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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Directors' responsibilities:
The financial statements of Dry Bulk Centre of Excellence (registered number:
Ian Jonathan Mcleod
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Dry Bulk Centre of Excellence (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, GU9 7PT, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Website costs |
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Period from 23.06.2023 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Website costs | Total | ||
£ | £ | ||
Cost | |||
At 23 June 2023 |
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Additions |
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At 31 December 2023 |
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Accumulated amortisation | |||
At 23 June 2023 |
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Charge for the financial period |
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At 31 December 2023 |
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Net book value | |||
At 31 December 2023 |
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31.12.2023 | |
£ | |
Other debtors |
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31.12.2023 | |
£ | |
Other creditors |
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31.12.2023 | |
£ | |
Other creditors |
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Other related party transactions
31.12.2023 | |
£ | |
Loan from Rightship UK including interest | 36,779 |
Loan from Intercargo including interest | 17,063 |
Rightship UK is a founder member of Dry Bulk Centre of Excellence (DBCE), has the right to appoint directors and loaned the company its start up funds. The loan is repayable in full on 30 June 2027 and interest is accruing daily interest set at 6% per annum.
Intercargo is a founder member of Dry Bulk Centre of Excellence (DBCE), has the right to appoint directors and loaned the company its start up funds. The loan is repayable in full on 30 June 2027 and interest is accruing daily interest set at 6% per annum.