Swifttankers Holding Co. Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 12144305 (England and Wales)

SWIFTTANKERS HOLDING CO. LTD.

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

Mr R Maultsby

Mr S T McKinney

Secretary:

Oakwood Corporate Secretary Limited

Registered office:

3rd Floor 1 Ashley Road

Altrincham

United Kingdom

Cheshire

WA14 2DT

Registered number:

12144305 (England and Wales)

Auditors:

Rock Tax & Accounting

Elm House, Tanshire Park

Shackleford Road

Elstead

Godalming

Surrey

GU8 6LB

Fixed assets

Investments

5

311,040

Current assets

Debtors

6

50,010

Cash at bank

4,387

7,091

54,397

57,101

Creditors

Amounts falling due within one year

7

30,267

15,001

Net current assets

24,130

42,100

Total assets less current liabilities

335,170

353,140

Capital and reserves

Called up share capital

8

10

Share premium

22,615,035

Retained earnings

(22,279,875

)

(22,261,905

)

Shareholders' funds

335,170

353,140

335,170

353,140

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 23 September 2025 and were signed on its behalf by:

Mr R Maultsby - Director

1.	Statutory information

Swifttankers Holding Co. 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.

The financial statements have been prepared on an alternative basis other than going concern. All the debtors and creditors of the company have been recorded as current debtors or current liabilities.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

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.

Going concern

Since it is the intention of the members to liquidate the company as soon as arrangements can be made, the financial statements have been prepared on an alternative basis other than going concern.

3.	Employees and directors

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

4.	Auditors' remuneration

31.12.24

31.12.23

$

Fees payable to the company's auditors for the audit of the company's
financial statements

15,464

30,371

5.	Fixed asset investments

Shares in

group

undertakings

$

Cost

At 1 January 2024

and 31 December 2024

311,040

Net book value

At 31 December 2024

311,040

At 31 December 2023

311,040

6.

Debtors: amounts falling due within one year

31.12.24

31.12.23

$

Other debtors

50,010

7.

Creditors: amounts falling due within one year

31.12.24

31.12.23

$

Other creditors

15,266

-

Accrued expenses

15,001

30,267

15,001

8.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

$

100

Share capital 1

.10

10

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Amit Prasanna (Senior Statutory Auditor)

for and on behalf of Rock Tax & Accounting

10.	Ultimate controlling party

The company's immediate parent is Tiptree Marine LLC, incorporated in the United States of America.

The most senior parent entity producing publicly available financial statement.

Tiptree Inc., a company registered in the United States of America, is regarded by the directors as being the company's ultimate parent company.