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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


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


ACCOUNTS
FOR THEYEARENDED31/03/2025



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		-


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




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.




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.




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




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.




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




6. EMPLOYEES

	2025	2024
	No.	No.
Average number of employees	-	-