Registration number: 08597009

Nova Marine Carriers UK Limited

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 9

Nova Marine Carriers UK Limited

Company Information

Director

Salvatore Pugliese

Company secretary

Laggan Secretaries Limited

Registered office

5th Floor 7-10 Chandos Street Cavendish Square London United Kingdom W1G 9DQ

Auditors

DTL Auditors Limited Registered Auditors5th Floor, North Side 7-10 Chandos Street Cavendish Square London W1G 9DQ

Nova Marine Carriers UK Limited

Director's Report for the Year Ended 30 September 2025

The director presents his report and the financial statements for the year ended 30 September 2025.

Director of the company

The director who held office during the year was as follows:

Salvatore Pugliese

Principal activity

The principal activity of the company is that of providing chartering and transportation handling services to maritime sector.

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 May 2026
 

......................................... Salvatore Pugliese Director

Nova Marine Carriers UK Limited

(Registration number: 08597009)
Balance Sheet as at 30 September 2025

	Note	2025 $	2024 $
Fixed assets
Intangible assets	5	11,423	14,727
Current assets
Debtors	6	294,064	629
Cash at bank and in hand		82,295	119,540
		376,359	120,169
Creditors: Amounts falling due within one year	7	(246,479)	(84,227)
Net current assets		129,880	35,942
Net assets		141,303	50,669
Capital and reserves
Called up share capital		15,210	15,210
Retained earnings		126,093	35,459
Shareholders' funds		141,303	50,669

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 28 May 2026
 

......................................... Salvatore Pugliese Director

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

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

The address of its registered office is:
5th Floor
7-10 Chandos Street
Cavendish Square
London
United Kingdom
W1G 9DQ

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in US dollar, which is the functional currency of the company. All monetary amounts in these financial statements are rounded to the nearest dollar($).
 

Going concern

The financial statements have been prepared on a going concern basis.

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 1 June 2026 was John Tiltman, who signed for and on behalf of DTL Auditors Limited.

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website development	Over its estimated useful life of 10 years - straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in Profit or Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously
 

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 2).

4	Auditors' remuneration

	2025 $	2024 $
Audit of the financial statements	4,049	3,209

 

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

5	Intangible assets

	Other intangible assets  $	Total $
Cost or valuation
At 1 October 2024	33,044	33,044
At 30 September 2025	33,044	33,044
Amortisation
At 1 October 2024	18,317	18,317
Amortisation charge	3,304	3,304
At 30 September 2025	21,621	21,621
Carrying amount
At 30 September 2025	11,423	11,423
At 30 September 2024	14,727	14,727

6

Debtors

Current	Note	2025 $	2024 $
Trade debtors		33,440	-
Amounts owed by related parties		259,499	-
Prepayments		681	629
Other debtors		444	-
		294,064	629

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 $	2024 $
Due within one year
Loans and borrowings	8	214	-
Trade creditors		19	7,908
Amounts owed to group undertakings and undertakings in which the company has a participating interest		220,830	58,385
Accruals and deferred income		25,070	17,591
Other creditors		346	343
		246,479	84,227

Nova Marine Carriers UK Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Amounts owed to group undertakings include Nova Marine Carriers SA 2025:$175,952 (2024: 38,385) : Alcyon Risk Solutions SA 2025:$44,879 (2024;NIL) :NovaAlogma Short Sea Carriers SA 2025; NIL (2024: 20,000) are interst free and payable on demand.

8	Loans and borrowings

Current loans and borrowings

	2025 $	2024 $
Bank overdrafts	214	-

9	Parent and ultimate parent undertaking

The company's immediate parent is Nova Marine Carriers SA, incorporated in Switzerland.