TALL SHIPS INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Tall Ships International Limited is a private company limited by share capital and incorporated in England and Wales. The registered office is Charles House, Gosport Marina, Mumby Road, Gosport, Hampshire, PO12 1AH.
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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The Company has not traded within the year, the directors have decided to retain the Company as dormant and that the financial statements provide a true and fair representation of the position of the Company at year end.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities with related parties. These financial instruments are measured at the transaction price.
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The average monthly number of employees, including directors, during the year was 4 (2020 - 4).
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Amounts owed by group undertakings
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Allotted, called up and fully paid
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1 (2020 - 1) Ordinary share of £1
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The Company is a wholly owned subsidiary of Sail Training International.
Sail Training International is a company registered in England and Wales and a charity registered with the Charities Commission. The financial statements for the parent are available from Charles House, Gosport Marina, Mumby Road, Gosport, Hampshire, PO12 1AH.
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