ACCOUNTS - Final Accounts preparation

Registered number: 11323163

Howe Robinson Partners (UK) Tankers Limited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2025

Howe Robinson Partners (UK) Tankers Limited

Registered number: 11323163

Balance sheet

As at 31 March 2025

		2025		2024
Note		$		$

Fixed assets
Investments	5		2,090,243		2,090,243
			2,090,243		2,090,243
Current assets
Cash at bank and in hand	6	39,508		28,205
		39,508		28,205
Creditors: amounts falling due within one year	7	(645,798)		(807,344)
Net current liabilities			(606,290)		(779,139)
Total assets less current liabilities			1,483,953		1,311,104

Net assets			1,483,953		1,311,104

Capital and reserves
Called up share capital	8	130	130
Profit and loss account		1,483,823	1,310,974
		1,483,953	1,311,104

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D J L F Anderson

Director

Date: 9 July 2025

The notes on pages 2 to 5 form part of these financial statements.

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Howe Robinson Partners (UK) Tankers Limited

Notes to the financial statements

For the year ended 31 March 2025

1.	General information

The Company is a private limited company limited by share capital incorporated in England, United Kingdom. The address of its registered office is: 40 Gracechurch Street, London, EC3V 0BT. The company registration number is 11323163.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the level of cash reserves held, the expected level of income and expenditure for the 12 month period from authorising these financial statements and their plans for the company for the future. Taking all these factors into account the directors consider that the company can continue in operational existence for the forseeable future and it is therefore reasonable to prepare the financial statements on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

2.4

Revenue

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 as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

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Howe Robinson Partners (UK) Tankers Limited

Notes to the financial statements

For the year ended 31 March 2025

2.Accounting policies (continued)

2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

he Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors. loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Investments in non-derivative instruments that are equity to the issuer are measured:

∙at fair value with changes recognised in the Profit and loss account if the shares are publicly traded or their fair value can otherwise be measured reliably;

∙at cost less impairment for all other investments.

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Howe Robinson Partners (UK) Tankers Limited

Notes to the financial statements

For the year ended 31 March 2025

3.	Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no estimates and assumptions which have had a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

4.	Employees
	There are no employees of the company. The employment costs charged to the Profit and Loss account are in relation to recharged amounts. The average monthly number of employees, including directors, during the year was 0 (2024 - 0).

5.	Fixed asset investments

		Unlisted investments
		$
	Cost or valuation
	At 1 April 2024	2,090,243
	At 31 March 2025	2,090,243

6.	Cash and cash equivalents
		2025	2024
		$	$

Cash at bank and in hand	39,508	28,205
	39,508	28,205

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Howe Robinson Partners (UK) Tankers Limited

Notes to the financial statements

For the year ended 31 March 2025

7.	Creditors: Amounts falling due within one year
		2025	2024
		$	$

Amounts owed to group undertakings	603,992	737,169
Corporation tax	16,924	42,226
Other taxation and social security	18,882	18,949
Accruals and deferred income	6,000	9,000
	645,798	807,344

8.	Share capital
		2025	2024
		$	$

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares shares of $1.30 each	130	130

9.	Related party transactions
	During the year the company continued to receive an interest free loan from Howe Robinson Partners (UK) Limited. At the balance sheet date the amount due was $603,992 (2024: $737,169).

10.	Controlling party

The company is controlled by Howe Robinsons Partners Pte Limited, incorporated in Singapore. The most senior parent entity producing publicly available financial statements is Howe Robinsons Partners Pte. Ltd. Consolidated financial statements are available upon request from that company's registered office at 77 Robinson Road. 31-01 Robinson 77, Singapore 068896.

11.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 9 July 2025 by Richard Spofforth BSc FCA (Senior statutory auditor) on behalf of Kreston Reeves LLP.

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