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Registered number: 01955571
Maritime Strategies International Limited
Financial statements
Information for filing with the registrar
For the year ended 31 March 2026
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Maritime Strategies International Limited
Registered number: 01955571
Balance sheet
As at 31 March 2026
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
A Kent
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The notes on pages 3 to 12 form part of these financial statements.
Page 1
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Maritime Strategies International Limited
Registered number: 01955571
Balance sheet (continued)
As at 31 March 2026
Page 2
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
Maritime Strategies International Limited is a private company limited by shares and is incorporated in England with the registration number 01955571. The address of the registered office is Bronze Building , The Forge Bankside, 105 Sumner Street, London, United Kingdom, SE1 9HZ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are presented in Sterling and are rounded to the nearest £.
The following principal accounting policies have been applied:
The directors have considered the level of cash reserves held, the expected level of income and expenditure for the 12 month period from authorising these financial statements and their plans for the company for the future. Taking all of these factors into account the directors consider that the company can continue in operational existence for the foreseeable future and it is therefore reasonable to prepare the financial statements on a going concern basis.
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of turnover can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
Page 3
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Amortisation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful life of the AIS project is assessed as 5 years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
The estimated useful lives range as follows:
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Over the term of the lease
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Fixtures, fittings and office equipment
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
The Company only enters into basic financial instrument 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 ordinary shares.
Page 4
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Foreign currency translation
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Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses are presented in the Statement of income and retained earnings within 'administration expenses'.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
Interest income is recognised in profit or loss using the effective interest method.
Page 5
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
2.Accounting policies (continued)
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Page 6
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
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Judgements in applying accounting policies and key sources of estimation uncertainty
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Intangible assets
In determining the appropriate useful economic life of intangible assets, management has exercised significant judgement. This includes consideration of the nature of the asset, the expected usage, the stability of the industry in which the asset is employed, and the expected technological developments that may impact the asset's utility.
For the AIS project, management has assessed that a useful economic life of 5 years is appropriate. This assessment is based on historical experience, industry benchmarks, and the life over which the asset is expected to generate economic benefits. Where the useful life is considered to be finite, the asset is amortised over that period. If there is evidence to suggest that the useful life is indefinite, the asset is not amortised but is tested annually for impairment.
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The average monthly number of employees, including directors, during the year was 24 (2025 - 23).
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Page 7
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
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Charge for the year on owned assets
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Page 8
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
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Fixtures, fittings and office equipment
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Charge for the year on owned assets
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Page 9
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
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Investments in subsidiary companies
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The following was a subsidiary undertaking of the Company:
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Page 10
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
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Charged to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Short term timing differences
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Allotted, called up and fully paid
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13,350 (2025 - 13,350) Ordinary shares shares of £0.01 each
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £157,159 (2025 - £146,898). Contributions totalling £Nil (2025 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.
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Related party transactions
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Transactions with directors
During the year, total dividends of £68,730 (2025 - £100,460) were paid to directors in accordance with their shareholdings. At the balance sheet date, the amount due was £Nil (2025 - £Nil).
Summary of transactions with parent
During the year, dividends of £263,460 (2025 - £233,065) were paid to Howe Robinson Holdings Pte. Ltd in accordance with its shareholding. At the balance sheet date, the amount due to Howe Robinson Holdings Pte. Ltd was £Nil (2025: £Nil).
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Page 11
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Maritime Strategies International Limited
Notes to the financial statements
For the year ended 31 March 2026
The controlling party is Howe Robinson Holdings Pte. Ltd. Consolidated financial statements are prepared by Howe Robinson Holdings Pte. Ltd. These financial statements are available upon request from that company's registered office at 77 Robinson Road, #31-01 Robinson 77, Singapore 068896.
The auditor's report on the financial statements for the year ended 31 March 2026 was unqualified.
The audit report was signed on 3 July 2026 by Richard Spofforth BSc FCA (Senior statutory auditor) on behalf of Kreston Reeves Audit LLP.
Page 12
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