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Financial Statements |
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
2 |
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Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
£ |
£ |
Tangible assets |
6 |
|
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Debtors |
7 |
|
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
8 |
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------------ |
------------ |
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Net current liabilities |
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------------ |
------------ |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
9 |
– |
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Provisions including deferred tax |
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--------- |
------------ |
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Net liabilities |
(
|
(
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--------- |
------------ |
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Called up share capital |
10 |
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Profit and loss account |
(
|
(
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--------- |
--------- |
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Shareholders deficit |
(
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(
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--------- |
--------- |
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Director |
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Notes to the Financial Statements |
Plant and machinery |
- |
10% Straight line |
|
Fixtures and fittings |
- |
10% - 33% Straight line |
|
Charter Vessel |
- |
7.5% Straight line |
|
2024 |
2023 |
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£ |
£ |
|
Compensation for tax losses surrendered to parent company |
(696,348) |
(363,267) |
Origination and reversal of timing differences |
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--------- |
--------- |
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Tax on loss |
(
|
(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Loss on ordinary activities before taxation |
(
|
(
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--------- |
--------- |
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Loss on ordinary activities by rate of tax |
(
|
(
|
Effect of capital allowances and depreciation |
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Losses group relieved |
174,087 |
74,470 |
Amounts received for group relieved tax losses |
(696,348) |
(363,267) |
--------- |
--------- |
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Tax on loss |
(
|
(
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--------- |
--------- |
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Plant and machinery |
Fixtures and fittings |
Charter Vessel |
Total |
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£ |
£ |
£ |
£ |
|
Cost |
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At 1 July 2023 |
– |
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Additions |
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– |
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Disposals |
– |
(
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– |
(
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--------- |
--------- |
------------ |
------------ |
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At 30 June 2024 |
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--------- |
--------- |
------------ |
------------ |
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Depreciation |
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At 1 July 2023 |
– |
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Charge for the year |
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Disposals |
– |
(
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– |
(
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--------- |
--------- |
------------ |
------------ |
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At 30 June 2024 |
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--------- |
--------- |
------------ |
------------ |
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Carrying amount |
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At 30 June 2024 |
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--------- |
--------- |
------------ |
------------ |
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At 30 June 2023 |
– |
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--------- |
--------- |
------------ |
------------ |
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Charter Vessel |
|
£ |
|
At 30 June 2024 |
– |
---- |
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At 30 June 2023 |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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--------- |
-------- |
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--------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
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Accruals and deferred income |
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Obligations under finance leases and hire purchase contracts |
– |
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Amounts owed to group companies |
2,754,677 |
1,472,631 |
------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Obligations under finance leases and hire purchase contracts |
– |
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---- |
------------ |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
|
100 |
---- |
---- |
---- |
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