RMK Maritime (Europe) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05976878 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

RMK Maritime (Europe) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

RJE Moore

REGISTERED OFFICE:

Kenton House

Oxford Street

MORETON IN MARSH

GL56 0LA

REGISTERED NUMBER:

05976878 (England and Wales)

ACCOUNTANTS:

Tayabali Tomlin

20 Imperial Square

CHELTENHAM

GL50 1QZ

FIXED ASSETS

Tangible assets

2

9,858

11,847

CURRENT ASSETS

Debtors

1,040,093

2,460,068

Cash at bank

3,198

119,186

1,043,291

2,579,254

CREDITORS

Amounts falling due within one year

900,288

735,383

NET CURRENT ASSETS

143,003

1,843,871

TOTAL ASSETS LESS CURRENT LIABILITIES

152,861

1,855,718

PROVISIONS FOR LIABILITIES

1,971

2,313

NET ASSETS

150,890

1,853,405

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

150,790

1,853,305

SHAREHOLDERS' FUNDS

150,890

1,853,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 22 July 2016 and were signed by:

RJE Moore - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events have occurred at that date that will result in an

obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that directors consider that it is more than likely

that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantially

enacted at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

34,548

Additions

1,525

At 31 March 2016

36,073

DEPRECIATION

At 1 April 2015

22,701

Charge for year

3,514

At 31 March 2016

26,215

NET BOOK VALUE

At 31 March 2016

9,858

At 31 March 2015

11,847

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	PARTICIPATING INTEREST

The company is a member of RMK Maritime LLP, an incorporated limited liability partnership based

in England and Wales.

The company is entitled to receive the partnership's profits, which for the period ended 31 March

2016 was a £60,888 loss (2015: £3,345,012 profit). Total loss before members' remuneration for the

period were £60,888 (2015: £3,345,012 profit).

5.	CONTROLLING PARTY

The company is controlled by RJE Moore by virtue of his shareholding.