Year Ended
Registration number:
Ambrey International Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of Income and Retained Earnings |
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Balance Sheet |
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Notes to the Financial Statements |
Ambrey International Limited
Company Information
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Directors |
C J Charnley J Thompson |
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Registered office |
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Auditors |
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Ambrey International Limited
Strategic Report for the Year Ended 30 June 2025
The directors present their strategic report for the year ended 30 June 2025.
Principal activity
The principal activity of the company is the provision of maritime security and risk management services.
Review of the business
Turnover for the period has increased compared to the previous year by 30% due to increased project activity and contract wins.
The first 6 months of the prior reporting period spanned the separation between Ambrey International Limited and Ambrey Limited Nigeria Ltd, as a result of ongoing planning with our local partnership ensuring strong local compliance. Continued development in efficiencies and supplier relations has continued to improve efficiency within the period.
Outside of Nigeria, trade has been strong and has contributed significantly to improved turnover with operations in Gabon, Cameroon, Togo and Cote D’Ivoire being a highlight.
Management have continued to focus on efficiency and managing overheads to continue delivering services to the highest market standard in a mature and competitive market. The company continues to generate a positive cash position.
From an overall balance sheet perspective, net assets have decreased from £12.8m to £12.0m. This is caused by provisions against irrecoverable amounts due from group undertakings, see note 4.
Financial Key Performance Indicators
The company uses a number of key financial indicators in assessing and driving performance. The key financial indicators used by the company are as follows:
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Year ended 30 June 2025 |
Year ended 30 June 2024 |
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|
Turnover £m |
25.5 |
19.6 |
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Gross profit £m |
3.9 |
2.9 |
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Profit before tax £m (excluding exceptional items) |
0.3 |
1.2 |
Ambrey International Limited
Strategic Report for the Year Ended 30 June 2025
Principal risks and uncertainties
As has been the case previously, the key strategic risk for the Company and indeed the sector is that the perceived risk of maritime crime and piracy to commercial shipping declines, reducing the demand for maritime security services. We continuously review this possibility and, using our own expert understanding of the market, look to predict if such a decline is likely to occur and, if so, when. Current events in the Gulf of Guinea emphasise the need for shipping clients and clients in the Oil and Gas industry to retain a physical security presence around their operations and activities for the foreseeable future. Our continuous review of the market is undertaken principally through engagement with the client base in the form of contract lengths, market surveys and discussion with other sector stakeholders including industry associations and insurers alongside directed work, such as commission papers to challenge current assumptions and timelines. All indications are that the services currently provided will be in demand for a long time to come, this is supported by a recent uptick in piracy and maritime crime in our core trading regions.
We continue to invest in our own fleet in the region with many owned and co-owned assets currently deployed and on operations. Investment and maintenance into this assets will be a key requirement in the coming years.
Future Developments
Ambrey continues to focus on the existing markets and is planning expansion into markets in neighbouring high risk areas, such as Equatorial Guinea with first tasks expected to commence Q1 of financial year 2027.
Approved and authorised by the
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Ambrey International Limited
Directors' Report for the Year Ended 30 June 2025
The directors present their report for the year ended 30 June 2025.
Directors of the company
The directors who held office during the year were as follows:
Results and dividends
The loss for the financial period after taxation and exceptional items amounted to £777,720 (2024 - profit of £526,342). The directors have not recommended the payment of a dividend in respect of the period ended 30 June 2025.
Financial instruments
Objectives and policies
The company's activities expose it to a number of financial risks, including credit risk, cash flow risk and liquidity risk. The use and nature of financial instruments are determined by the director in the context of trading terms made available to the company and wider group by customers and suppliers, with the objective of securing the liquidity and profitability of the company.
Price risk, credit risk, liquidity risk and cash flow risk
The company's principal financial instruments comprise bank balances, short term trade and other debtors and creditors, and long term loans.
Due to the nature of the financial instruments used by the company, there is limited exposure to price risk. The company is exposed to foreign exchange risk arising from transactions and cash balances denominated in currencies other than its functional currency.
The company's policy in respect of credit risk is to obtain appropriate credit checks on potential customers before sales are made and to monitor payments against contractual agreements for existing customers.
Future developments
Future developments covered in the strategic report.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved and authorised by the
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Ambrey International Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Ambrey International Limited
Independent Auditor's Report to the Members of Ambrey International Limited
Opinion
We have audited the financial statements of Ambrey International Limited (the 'company') for the year ended 30 June 2025, which comprise the Statement of Income and Retained Earnings, Balance Sheet, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its loss for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Ambrey International Limited
Independent Auditor's Report to the Members of Ambrey International Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
Ambrey International Limited
Independent Auditor's Report to the Members of Ambrey International Limited
As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the company. We gained an understanding of the industry in which the company operates as part of this assessment to identify the key laws and regulations affecting the company. As part of this, we reviewed the group’s website for indication of any regulations and certification in place and discussed these with the relevant individuals responsible for compliance. The key regulations we identified were International Maritime Law and UN Conventions, International Codes of Conduct and UK licensing laws, as well as health and safety regulations, tax legislation, and employment law. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.
• Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements.
• Reviewed legal and professional costs to identify any possible non-compliance or legal costs in respect of non-compliance.
Given that the company trades in high-risk territories we have also carried out procedures to address the risk of non-compliance under the Bribery Act 2010. These procedures involved the following:
• Searches have been carried out on a sample of suppliers and customers in these high-risk territories to look for any sanctions or evidence of criminal activities.
We assessed the susceptibility of the financial statements to material misstatement through management override or fraud, and obtained an understanding of the controls in place to mitigate the risk of fraud. One significant fraud risk is the manipulation of revenue cut-off to purposely understate results. This involves recognising revenue in incorrect periods to misrepresent the financial performance of the company. We also discussed with management whether there had been any instances of known or alleged fraud, of which there were none, and evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements. Based upon our understanding we designed and conducted audit procedures including:
• Audited the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
• Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates.
• We reviewed a sample of transits ongoing at year end and ensured that the sale was being recognised in the correct accounting period.
• We reviewed a sample of completed transits from the clients CRM software and agreed this through to invoice and posting in the accounts system.
Ambrey International Limited
Independent Auditor's Report to the Members of Ambrey International Limited
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. This risk increases the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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Blackbrook Gate 1
Blackbrook Business Park
Somerset
TA1 2PX
Ambrey International Limited
Statement of Income and Retained Earnings
Year Ended 30 June 2025
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Note |
2025 |
2024 |
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Turnover |
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|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
|
|
|
|
Exceptional items |
( |
( |
|
|
Interest payable and similar charges |
- |
( |
|
|
(Loss)/profit before tax |
( |
|
|
|
Taxation |
( |
( |
|
|
(Loss)/profit for the financial year |
( |
|
|
|
Retained earnings brought forward |
12,826,432 |
12,300,090 |
|
|
Retained earnings carried forward |
12,048,712 |
12,826,432 |
Ambrey International Limited
Balance Sheet
30 June 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
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Tangible assets |
- |
- |
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|
Investments |
|
|
|
|
|
|
||
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Current assets |
|||
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Debtors |
|
|
|
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Cash at bank and in hand |
|
|
|
|
|
|
||
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Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
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Called up share capital |
100 |
100 |
|
|
Profit and loss account |
12,048,712 |
12,826,432 |
|
|
Shareholders' funds |
12,048,812 |
12,826,532 |
Approved and authorised by the
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Company Registration Number: 10095821
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
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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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention.
Summary of disclosure exemptions
Ambrey International Limited meets the definition of a qualifying entity under FRS 102 and has therefore taken advantage of the disclosure exemptions available to it in respect of its individual financial statements. Exceptions have been taken in relation to financial instruments, presentation of a cash flow statement, and remuneration of key management.
Group accounts not prepared
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
Going concern
On the basis of their assessment of the company's financial position and resources, the directors believe that the company is well placed to manage its business risks. Therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, and the directors are satisfied that it remains appropriate for the company to adopt the going concern basis of accounting in preparing these financial statements.
In making their going concern assessment, the directors have given consideration to the operations and financial performance and position of both the company and the wider group. While recognising that there can be no certainty, having considered these factors and made all necessary enquiries, the directors are satisfied that the company will continue to meet its liabilities as they fall due, and is satisfied that the company will continue to operate with sufficient cash headroom for a period of at least 12 months (from the date of approval of these financial statements).
Key accounting judgements and sources of estimation uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The key judgement that has a significant impact on the financial statements is in respect of going concern, as noted above.
The key estimates that have a significant effect on the amounts recognised in the financial statements are described below.
Amounts due from group undertakings are recognised net of provisions for doubtful debts, which requires an estimation of the amounts recoverable from other group companies. Management concluded that a provision of £1,570,068 (2024 - £522,678) was required against intercompany debtors in the company due to these balances being irrecoverable. The carrying amount is £19,118,783 (2024 - £18,191,209). See note 13.
Revenue recognition
Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Revenue in respect of maritime transit services is recognised with respect to the stage of completion of the transit, based on the total number of days included in the contract term. Revenue in respect of the management charges made to other group companies and other consultancy services is recognised when the service has been provided.
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
Foreign currency transactions and balances
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
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Furniture, fittings and equipment |
3 years straight line |
|
Plant and equipment |
3 years straight line |
|
Maritime vessels |
5 years straight line |
Intangible assets
Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
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 |
|
Internally generated software |
10 years straight line |
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
Investments
Investments in subsidiaries and joint ventures are measured at cost less impairment.
Defined contribution pension obligation
The company operates a defined contribution pension scheme for eligible employees. Contributions are charged to the profit and loss account when they fall due in accordance with the rules of the scheme.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Short term intercompany debtors and creditors;
• Investments in subsidiaries and joint ventures; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for investments, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Investments in subsidiaries and joint ventures are measured at cost less impairment.
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Revenue |
The analysis of the company's revenue for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
25,189,690 |
19,500,677 |
|
Rendering of services |
|
|
|
Other revenue |
|
- |
|
|
|
The analysis of the company's revenue for the year by class of business is as follows:
|
2025 |
2024 |
|
|
Maritime security |
|
|
|
Consultancy and crisis management |
|
|
|
Other income |
174,141 |
- |
|
|
|
The analysis of the company's revenue for the year by market is as follows:
|
2025 |
2024 |
|
|
Rest of world |
|
|
|
Exceptional items |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Intercompany debtor impairment |
(1,047,390) |
(522,678) |
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Foreign exchange losses/(gains) |
|
( |
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
- |
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
No directors were remunerated through this company during the year.
|
Auditor's remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest expense on other finance liabilities |
- |
|
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
( |
|
51,292 |
179,396 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
- |
( |
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is lower than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
(Loss)/profit before tax |
( |
|
|
Corporation tax at standard rate |
( |
|
|
Decrease in UK and foreign current tax from adjustment for prior periods |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Increase from tax losses for which no deferred tax asset was recognised |
|
|
|
Total tax charge |
|
|
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Tangible assets |
|
Furniture, fittings and equipment |
Plant and machinery |
Total |
|
|
Cost or valuation |
|||
|
At 1 July 2024 |
|
|
|
|
At 30 June 2025 |
|
|
|
|
Depreciation |
|||
|
At 1 July 2024 |
|
|
|
|
At 30 June 2025 |
|
|
|
|
Carrying amount |
|||
|
At 30 June 2025 |
- |
- |
- |
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Investments |
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 July 2024 |
|
|
Carrying amount |
|
|
At 30 June 2025 |
|
|
At 30 June 2024 |
|
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
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Subsidiary undertakings |
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|
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Thorn Business Centre
|
|
|
|
|
|
Thorn Business Centre
|
|
|
|
|
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Avenida Martires da Mueda
Mozambique |
|
|
|
|
|
Dakar (Senegal) Cite Keur Gorgui Lot 57
Senegal |
|
|
|
|
Joint ventures |
||||
|
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Dakar, 3, Place de l'Independence BP 205, Dakar, Senegal |
Ordinary |
|
|
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Subsidiary undertakings |
|
Ambrey Shipyards Limited The principal activity of Ambrey Shipyards Limited is |
|
Ambrey Insurance Brokers Limited The principal activity of Ambrey Insurance Brokers Limited is |
|
Ambrey Mozambique LDA The principal activity of Ambrey Mozambique LDA is |
|
Ambrey Senegal SAS The principal activity of Ambrey Senegal SAS is |
|
Joint ventures |
|
Ambrey ECSEN JV SAS The principal activity of Ambrey ECSEN JV SAS is |
|
Debtors |
|
Note |
2025 |
2024 |
|
|
Trade debtors |
|
|
|
|
Amounts due from group undertakings |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments and accrued income |
|
|
|
|
Income tax asset |
|
|
|
|
|
|
Provisions against amounts due from group included above are £1,570,068 (2024 - £522,678).
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
|
|
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Amounts due to group undertakings |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other creditors |
|
|
|
|
Accruals and deferred income |
|
|
|
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary shares of £1 each |
100 |
100 |
100 |
100 |
|
Pension schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Ambrey International Limited
Notes to the Financial Statements
Year Ended 30 June 2025
|
Related party transactions |
Summary of transactions with entities under common ownership
During the year, sales of £135,402 were made to group undertakings and repayments of £138,390 were received. At the year end, £1,570,068 (2024: £1,708,458) remained outstanding from these companies. These debtors have been fully provided against during the year, see note 13.
£577,903 was also received from group undertakings, at year end £690,894 (2024 - £112,991) remained due to these companies.
|
Parent and ultimate parent undertaking |
The company's immediate and ultimate parent undertaking is Ambrey Limited, a company incorporated in England and Wales.
There is no ultimate controlling party.
The parent of the smallest group in which these financial statements are consolidated is
The address of Ambrey Limited is: