RMK Maritime (Europe) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05976878 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

RMK Maritime (Europe) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

RJE Moore

M McCarthy

REGISTERED OFFICE:

Carrick House

Lypiatt Road

Cheltenham

Gloucestershire

GL502QJ

REGISTERED NUMBER:

05976878 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Chartered Accountants

Carrick House

Lypiatt Road

Cheltenham

GL50 2QJ

FIXED ASSETS

Property, plant and equipment

4

6,318

7,051

Investments

5

2,154

-

8,472

7,051

CURRENT ASSETS

Debtors

6

787,498

585,065

Cash at bank

27,491

212,248

814,989

797,313

CREDITORS

Amounts falling due within one year

7

486,335

722,203

NET CURRENT ASSETS

328,654

75,110

TOTAL ASSETS LESS CURRENT LIABILITIES

337,126

82,161

PROVISIONS FOR LIABILITIES

1,202

1,340

NET ASSETS

335,924

80,821

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

335,824

80,721

SHAREHOLDERS' FUNDS

335,924

80,821

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of has not been delivered.

The financial statements were approved by the Board of Directors on 13 November 2018 and were signed on its behalf by:

RJE Moore - Director

1.	STATUTORY INFORMATION

RMK Maritime (Europe) Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of , Comprehensive

Income except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

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

statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2017

21,052

15,021

36,073

Additions

165

1,863

2,028

At 31 March 2018

21,217

16,884

38,101

DEPRECIATION

At 1 April 2017

14,687

14,335

29,022

Charge for year

1,632

1,129

2,761

At 31 March 2018

16,319

15,464

31,783

NET BOOK VALUE

At 31 March 2018

4,898

1,420

6,318

At 31 March 2017

6,365

686

7,051

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

2,154

At 31 March 2018

2,154

NET BOOK VALUE

At 31 March 2018

2,154

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

295,174

131,087

Other debtors

492,324

453,978

787,498

585,065

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

85,543

248,611

Taxation and social security

133,844

289,392

Other creditors

266,948

184,200

486,335

722,203

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £216,000 were paid to the directors .

9.	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 2018 was a

£2,833 loss (2017: £30,273 profit). Total losses before members' remuneration for the period were £2,833 (2017:

£30,273 profit).

10.	CONTROLLING PARTY

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