Company registration number 04727463 (England and Wales)
NKD MARITIME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NKD MARITIME LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Debtors
4
2,638,971
25,909
Cash at bank and in hand
8,122
1,993,948
2,647,093
2,019,857
Creditors: amounts falling due within one year
5
(1,654,548)
(909,848)
Net current assets
992,545
1,110,009
Capital and reserves
Called up share capital
2,735
2,735
Share premium account
829,597
829,597
Profit and loss reserves
160,213
277,677
Total equity
992,545
1,110,009

The notes on pages 2 to 4 form part of these financial statements.

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 August 2025
Mr N Dheir
Director
Company registration number 04727463 (England and Wales)
NKD MARITIME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

NKD Maritime Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, CM1 3WT.

 

The company is not part of a group.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling. Monetary amounts in these financial statements are rounded to the nearest £. The company's functional currency for its trading activity is US dollars.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The truecompany's activity decreased in 2024 due to the set up of a sister company in the UAE to conduct business in the Asia region. As a result, the company's trade will cease in the short to medium term. The financial Statements have however been prepared on the going concern basis, which is not materially different to the realisable or break up basis.

1.3
Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

1.4
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including debtors, creditors and bank balances. Basic short term financial assets are measured at the transaction price, less any impairment and basic short term financial liabilities are measured at the transaction price.

1.5
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

No significant judgements or estimations have been applied in the preparation of the financial statements.

NKD MARITIME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Corporation tax recoverable
5,354
5,354
Other debtors
-
0
20,555
5,354
25,909
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
2,633,617
-
0
Total debtors
2,638,971
25,909
5
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,654,548
909,848
6
Secured debts

State Bank of India has a fixed and floating charge over all property of the company dated 17 February 2016.

7
Related party transactions
2025
2024
Amounts due to related parties
£
£
Companies under common control
1,649,047
817,424
NKD MARITIME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Related party transactions
(Continued)
- 4 -

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
Companies under common control
-
16,423

The amounts owed to and from related parties at the year end are unsecured and repayable on demand.

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