ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

TALL SHIPS OVERSEAS LIMITED - Company Information

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Caseware UK (AP4) 2016.0.208 2016.0.208 2018-03-312018-03-31truetrueNo description of principal activitytrue2017-04-01 04889840 2017-04-01 2018-03-31 04889840 2018-03-31 04889840 2017-03-31 04889840 c:CompanySecretary1 2017-04-01 2018-03-31 04889840 c:Director1 2017-04-01 2018-03-31 04889840 c:Director2 2017-04-01 2018-03-31 04889840 c:RegisteredOffice 2017-04-01 2018-03-31 04889840 d:CurrentFinancialInstruments 2018-03-31 04889840 d:CurrentFinancialInstruments 2017-03-31 04889840 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 04889840 d:ShareCapital 2018-03-31 04889840 d:ShareCapital 2017-03-31 04889840 c:OrdinaryShareClass1 2017-04-01 2018-03-31 04889840 c:OrdinaryShareClass1 2018-03-31 04889840 c:EntityNoLongerTradingButTradedInPast 2017-04-01 2018-03-31 04889840 c:FRS102 2017-04-01 2018-03-31 04889840 c:Audited 2017-04-01 2018-03-31 04889840 c:FullAccounts 2017-04-01 2018-03-31 04889840 c:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31 04889840 c:SmallCompaniesRegimeForAccounts 2017-04-01 2018-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04889840










TALL SHIPS OVERSEAS LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2018
 
TALL SHIPS OVERSEAS LTD
 

COMPANY INFORMATION


Directors
P Bishop 
G Brown 




Company secretary
Gwyn Brown



Registered number
04889840



Registered office
Charles House
Gosport Marina

Mumby Road

Gosport

Hampshire

PO12 1AH




Independent auditors
James Cowper Kreston
Chartered Accountants and Statutory Auditor

9th Floor

The White Building

1-4 Cumberland Place

Southampton

Hampshire

SO15 2NP




 
TALL SHIPS OVERSEAS LTD
REGISTERED NUMBER: 04889840

BALANCE SHEET
AS AT 31 MARCH 2018

2018
2017
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
1
-

Cash at bank and in hand
 4 
-
417,549

  
1
417,549

Current liabilities
  

Creditors: amounts falling due within one year
 5 
-
(417,548)

Net current assets
  
 
 
1
 
 
1

Total assets less current liabilities
  
1
1

  

Net assets
  
1
1


Capital and reserves
  

Called up share capital 
 6 
1
1

  
1
1


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 profit and loss account 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: 




................................................
G Brown
Director

Date: 2 October 2018
The notes on pages 2 to 3 form part of these financial statements.

Page 1
 
TALL SHIPS OVERSEAS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1.


General information

Tall Ships Overseas Limited is a private company limited by share capital and incorporated in England and Wales. The address of the principal place of business is Charles House, Gosport Marina, Mumby Road, Gosport, Hampshire, PO12 1AH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

 
2.2

Cash and cash equivalents

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.

 
2.3

Financial instruments

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 non-puttable ordinary shares.


3.


Debtors

2018
2017
£
£


Amounts owed by group undertakings
1
-



4.


Cash and cash equivalents

2018
2017
£
£

Cash at bank and in hand
-
417,549



5.


Creditors: Amounts falling due within one year

2018
2017
£
£

Amounts owed to group undertakings
-
417,548


Page 2
 
TALL SHIPS OVERSEAS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

6.


Share capital

2018
2017
£
£
Allotted, called up and fully paid



1 Ordinary shares share of £1
1
1


7.


Related party transactions

The Company is exempt from disclosing related party transactions with other 100% owned members of the group headed by Sail Training International by virtue of FRS102 section 33.1A.


8.


Controlling party

The ultimate parent undertaking is Sail Training International, a company registered in England and Wales and a Charity registered with Charities Commission. The financial statements for the parent are available from Charles House, Gosport Marina, Mumby Road, Gosport, Hampshire, PO12 1AH.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2018 was unqualified.

The audit report was signed on 22 October 2018 by Louise Hallsworth FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston.

Page 3