REGISTERED NUMBER: 01364894 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Tsakos Shipping (London) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J C Amin

SECRETARY:

D J Eleazar

REGISTERED OFFICE:

10 Lower Grosvenor Place

London

SW1W 0EN

REGISTERED NUMBER:

01364894 (England and Wales)

ACCOUNTANTS:

Douglas Wadkin

11 Amwell Street

London

EC1R 1UL

FIXED ASSETS

Tangible assets

4

16,459

26,215

CURRENT ASSETS

Debtors

5

213,586

391,330

Cash at bank and in hand

1,265,577

957,669

1,479,163

1,348,999

CREDITORS

Amounts falling due within one year

6

1,366,955

1,265,551

NET CURRENT ASSETS

112,208

83,448

TOTAL ASSETS LESS CURRENT LIABILITIES

128,667

109,663

CREDITORS

Amounts falling due after more than one year

7

193,419

193,419

NET LIABILITIES

(64,752

)

(83,756

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(74,752

)

(93,756

)

SHAREHOLDERS' FUNDS

(64,752

)

(83,756

)

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 her 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 11 September 2025 and were signed by:

J C Amin - Director

1.	STATUTORY INFORMATION

Tsakos Shipping (London) 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.

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.

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

-

25% on cost and 10% on cost

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 9 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

67,362

DEPRECIATION

At 1 January 2024

41,147

Charge for year

9,756

At 31 December 2024

50,903

NET BOOK VALUE

At 31 December 2024

16,459

At 31 December 2023

26,215

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

213,586

391,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

465,723

313,142

Amounts owed to group undertakings

843,123

834,469

Taxation and social security

9,272

106,390

Other creditors

48,837

11,550

1,366,955

1,265,551

The related undertaking is Tsakos Shipping & Trading S.A.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The loan is interest free and there are no specified terms of repayment. The loan is from Tsakos Shipping & Trading S.A. The related company has confirmed that the loan will not be required for repayment within one year of the balance sheet date and that they intend to continue to provide financial support to the company for the foreseeable future and for at least the following twelve months.