00302368 false an investment company 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-03-31 http://www.companieshouse.gov.uk/cd:Director1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-03-31 http://www.companieshouse.gov.uk/cd:OrdinaryShareClass1 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-03-31 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-03-31 http://www.companieshouse.gov.uk/2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2024-03-31 http://www.companieshouse.gov.uk/cd:FRS102 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/2025-03-31 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-04-01 2025-03-31 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 00302368
Comar Line Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Telemark Management
Cambio, 15A
The Mead
Ashtead
Surrey
KT21 2LZ

Comar Line Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Dr Rudolf Meroni
SECRETARY
Morten Brinchmann
REGISTERED OFFICE
Cambio
15A The Mead
Ashtead
Surrey
KT21 2LZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00302368
ACCOUNTANTS
Telemark Management
Cambio, 15A
The Mead
Ashtead
Surrey
KT21 2LZ

Comar Line Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

Comar Line Ltd

BALANCE SHEET AT 31/03/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Investment Assets |  | 2 |  |  |  | 1 |  |  |  | 1
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Debtors |  | 3 |  | 8,458 |  |  |  | 8,700 |  |
Cash at bank and in hand |  |  |  | 3,496 |  |  |  | 3,093 |  |
|  |  |  | 11,954 |  |  |  | 11,793 |  |
CREDITORS: Amounts falling due within one year |  | 4 |  | 18,583 |  |  |  | 16,177 |  |
NET CURRENT LIABILITIES |  |  |  |  |  | (6,629) |  |  |  | (4,384)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | (6,628) |  |  |  | (4,383)
CREDITORS: Amounts falling due after more than one year |  | 5 |  |  |  | 545,439 |  |  |  | 545,345
NET LIABILITIES |  |  |  |  |  | (552,067) |  |  |  | (549,728)
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  | 7 |  |  |  | 750,000 |  |  |  | 750,000
Profit and loss account |  |  |  |  |  | (1,302,067) |  |  |  | (1,299,728)
SHAREHOLDERS' FUNDS |  |  |  |  |  | (552,067) |  |  |  | (549,728)
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/12/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
Dr Rudolf Meroni |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

Comar Line Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.

1c. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.

1d. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The Company takes advantage of Section 400 in Companies Act 2006 and therefore do not deliver group accounts.

2. FINANCIAL ASSETS |  |  |  |
|  | Shares in group companies |  |
|  | and participating interests |  | Total
|  | £ |  | £
Cost |  |  |  |
At 01/04/2024 |  | 2,263,000 |  | 2,263,000
At 31/03/2025 |  | 2,263,000 |  | 2,263,000
Amortisation |  |  |  |
At 01/04/2024 |  | 2,262,999 |  | 2,262,999
At 31/03/2025 |  | 2,262,999 |  | 2,262,999
Net Book Amounts |  |  |  |
At 31/03/2025 |  | 1 |  | 1
At 31/03/2024 |  | 1 |  | 1

Comar Line Ltd

3. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Amounts due from group companies |  |  |  | 8,458 |  | 8,700
|  |  |  | 8,458 |  | 8,700
Other Debitors is an interest free Loan to the Company's subsidiary denominated in Euros ( 2024: € 10,312 ) (2023: € 10,312) The balance of the Loan is converted to Stirling at the year end currency exchange rate.

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Other creditors |  |  |  | 16,579 |  | 14,165
Accruals |  |  |  | 2,004 |  | 2,012
|  |  |  | 18,583 |  | 16,177

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Loan Lion Eneregy Ltd |  |  |  | 533,270 |  | 533,270
Other creditors Zele Mineral Resources > 1yr |  |  |  | 12,169 |  | 12,075
|  |  |  | 545,439 |  | 545,345
The Loan from Lion Energy (Europe) Ltd carries no interest, whilst the Loan from Zele Mineral Resources, denominated in USDollars, carries interest of 3% pa which is added to the capital at year end. The loan balance due at year end is corrected for currency fluctuations.

6. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  | -

Comar Line Ltd

7. SHARE CAPITAL |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Allotted, issued and fully paid: |  |  |  |  |  |
750000 Ordinary shares of £1.00 each |  |  |  | 750000 |  | 750000
|  |  |  | 750,000 |  | 750,000

8. CONTROLLING PARTY
Perlogis Special Interests Beteiligungsverwaltung GMBH, a limited company registered in Austria, is the ultimate parent company for the year under review. The Company has taken the advantage of Companies Act 2006 Section 400 where a company is entitled to deliver individual accounts as long as the Ultimate parent, which is an EEA company, files group accounts if required.

9. SUBSIDIARY UNDERTAKINGS |  |  |  |  |  |
The Company holds more than 20% in the following
Company |  | Country of residence |  | Class of shares |  | Shares held
Comar Scheepvaart-en-Handelmaatschappij BV |  | Holland |  | Ordinary |  | 100%
|  | Principal Activity |  | Capital and Reserves |  | Profit/(Loss) for year
|  | Office Hire |  |  |  |
|  | Year to 31/3/2023 |  | € 102,918 (£ 86,369)) |  | €4,758 (£3,993)
|  | Year to 31/3/2024 |  | € 88,928 (£72,952) |  | € (13,990) (£11,477)
See also Note 4 |  |  |  |  |  |