REGISTERED NUMBER: 04994315 (England and Wales)

Baltic & Oriental Company Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Captain J F Holmes

REGISTERED OFFICE:

42 Trinity Court

Hull

East Yorkshire

HU1 2NB

REGISTERED NUMBER:

04994315 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Tangible assets

4

946

954

CURRENT ASSETS

Debtors

5

11,052

31,337

Cash at bank

451,339

419,682

462,391

451,019

CREDITORS

Amounts falling due within one year

6

43,643

55,376

NET CURRENT ASSETS

418,748

395,643

TOTAL ASSETS LESS CURRENT LIABILITIES

419,694

396,597

PROVISIONS FOR LIABILITIES

181

182

NET ASSETS

419,513

396,415

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

418,513

395,415

SHAREHOLDERS' FUNDS

419,513

396,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 2 April 2025 and were signed by:

Captain J F Holmes - Director

1.	STATUTORY INFORMATION

Baltic & Oriental Company 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 company provides shipping services in the Black Sea region including Bulgaria, Romania, Ukraine, Russia (excluding Crimea), Georgia, Turkey and Greece.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

2,329

Additions

790

At 31 December 2024

3,119

DEPRECIATION

At 1 January 2024

1,375

Charge for year

798

At 31 December 2024

2,173

NET BOOK VALUE

At 31 December 2024

946

At 31 December 2023

954

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

8,365

13,879

Other debtors

-

17,458

Prepayments and accrued income

2,687

-

11,052

31,337

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

5,537

9,372

Other creditors

38,106

46,004

43,643

55,376

7.	PENSION COMMITMENTS

The company makes payments into a defined contribution pension scheme for the benefit of its employees. Contributions are charged to the profit and loss account when they fall due. The charge for the year amounted to £563 (2023 £563). At the year end there were outstanding pension contributions totalling £109 (2023 £109).

8.	RELATED PARTY DISCLOSURES

At 31 December 2024 the company owed £36,363 (2023 £44,363) to the director.