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REGISTERED NUMBER: 12227257 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Tillship Chartering Ltd

Tillship Chartering Ltd (Registered number: 12227257)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tillship Chartering Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: D Brownlie
B Sandle-Brownlie





REGISTERED OFFICE: 7 The Birches
Soham
Ely
United Kingdom
CB7 5FH





REGISTERED NUMBER: 12227257 (England and Wales)





ACCOUNTANTS: Ashford Associates UK Limited
Chartered Certified Accountants
74A High Street
Wanstead
London
E11 2RJ

Tillship Chartering Ltd (Registered number: 12227257)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,140 68,741

CURRENT ASSETS
Debtors 5 10,006 12,689
Investments 6 250,000 250,000
Prepayments and accrued income 100,000 -
Cash at bank 696,833 1,007,278
1,056,839 1,269,967
CREDITORS
Amounts falling due within one year 7 68,726 226,690
NET CURRENT ASSETS 988,113 1,043,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,039,253

1,112,018

PROVISIONS FOR LIABILITIES 9,716 13,061
NET ASSETS 1,029,537 1,098,957

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,029,437 1,098,857
1,029,537 1,098,957

Tillship Chartering Ltd (Registered number: 12227257)

Balance Sheet - continued
30 September 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 25 May 2025 and were signed on its behalf by:




D Brownlie - Director



B Sandle-Brownlie - Director


Tillship Chartering Ltd (Registered number: 12227257)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Tillship Chartering Ltd 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.

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.

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 NIL (2023 - 2 ).

Tillship Chartering Ltd (Registered number: 12227257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 1,412 112,180 12,177 125,769
DEPRECIATION
At 1 October 2023 965 49,079 6,984 57,028
Charge for year 112 15,775 1,714 17,601
At 30 September 2024 1,077 64,854 8,698 74,629
NET BOOK VALUE
At 30 September 2024 335 47,326 3,479 51,140
At 30 September 2023 447 63,101 5,193 68,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,006 12,689

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Prudential investment Plan 250,000 250,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 44,372 150,273
Taxation and social security 14,974 70,996
Other creditors 9,380 5,421
68,726 226,690

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
D Brownlie and B Sandle-Brownlie
Balance outstanding at start of year (2,170 ) (46,942 )
Amounts advanced - 44,772
Amounts repaid (710 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,880 ) (2,170 )

Tillship Chartering Ltd (Registered number: 12227257)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

RELATED PARTY TRANSACTION : At the balance sheet date company owes the above to Mr D Brownlie and Mr B Sandle Brownlie, thats payable on demand ,this was interest free loan to company .

Ultimate controlling party : Mr D Brownlie and Mr B Sandle Brownlie hold 50% Share each in the company
so both are controlling party.