Osprey Vessel Management Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2

Registered number: SC390438

		2024		2023
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	311,638		105,497
Cash at bank and in hand		92,842		17,509

		404,480		123,006
Creditors: Amounts Falling Due Within One Year	5	(485,357 )		(181,954 )

NET CURRENT ASSETS (LIABILITIES)			(80,877 )		(58,948 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(80,877 )		(58,948 )

NET LIABILITIES			(80,877 )		(58,948 )

CAPITAL AND RESERVES
Called up share capital	6		1		1
Profit and Loss Account			(80,878 )		(58,949 )

SHAREHOLDERS' FUNDS			(80,877)		(58,948)

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr George West

Director

31/12/2025

The notes on page 2 form part of these financial statements.

1. General Information

Osprey Vessel Management Limited is a private company, limited by shares, incorporated in Scotland, registered number SC390438 . The registered office is 9 Waterside Road, Peterhead, Aberdeenshire, AB42 1GH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Debtors

	2024	2023
	£	£
Due within one year
VAT	12,652	8,772
Amounts owed by other participating interests	298,986	96,725

	311,638	105,497

5. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	11,880	-
Other creditors	45,809	45,809
Accruals and deferred income	6,001	5,000
Amounts owed to other participating interests	421,667	131,145

	485,357	181,954

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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