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Registration number: 01975575

Nortrop Holdings Limited Unaudited Financial Statements for the Year Ended 31 December 2024
Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Nortrop Holdings Limited

Contents

Company Information | 1
Statement of Financial Position | 2
Notes to the Unaudited Financial Statements | 3 to 5

Nortrop Holdings Limited

Company Information

Director | H Boennen

Registered office | 130 Shaftesbury Avenue 2nd Floor London W1D 5EU

Accountants | Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR

Nortrop Holdings Limited

Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Creditors: Amounts falling due within one year | 5 | (37,187) | (37,187)
Capital and reserves |  |  |
Called up share capital | 6 | 10,000 | 10,000
Share premium reserve |  | 5,507 | 5,507
Retained earnings |  | (52,694) | (52,694)
Shareholders' deficit |  | (37,187) | (37,187)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

The director of Nortrop Holdings Limited has elected not to include a copy of the profit and loss account within the financial statements, in accordance with the special provisions relating to companies subject to the small companies regime within the Companies Act 2006, s444.

Approved and authorised by the director on 2 October 2025

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

H Boennen

Director

Company registration number: 01975575

Nortrop Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
130 Shaftesbury Avenue
2nd Floor
London
W1D 5EU

The principal activity of the company is that of an investment holding company. The principal activities of the group are that of shipping brokers.

2 | Accounting policies

Statement of compliance

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Group accounts not prepared

In the opinion of the director, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 399 of the Companies Act 2006 not to prepare group accounts.

Going concern

The company incurred no expenses for the year to 31 December 2024 and had net liabilities of £37,187 at that date.
The company operates as an investment holding company and any overheads that are incurred are minimal and are controllable by the director. The company is reliant upon the continuing support of its subsidiary undertaking.
After making enquiries the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency transactions and balances

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the year end date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Nortrop Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company during the year, was 0 (2023 - 0).

4 | Investments

| 2024 £

Subsidiaries |
Cost or valuation
At 1 January 2024 and 31 December 2024 | 30,052
Provision
At 1 January 2024 and 31 December 2024 | 30,052
Carrying amount
At 31 December 2024 | -

5 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Amounts owed to group undertakings | 31,222 | 31,222
Other creditors | 5,965 | 5,965
| 37,187 | 37,187

Nortrop Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 10,000 | 10,000 | 10,000 | 10,000