REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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CURNETT SHIPPING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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CURNETT SHIPPING LIMITED |
CURNETT SHIPPING LIMITED (REGISTERED NUMBER: 01267198) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
CURNETT SHIPPING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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CURNETT SHIPPING LIMITED (REGISTERED NUMBER: 01267198) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 2 |
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CURRENT ASSETS |
Debtors |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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CURNETT SHIPPING LIMITED (REGISTERED NUMBER: 01267198) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared under the historical cost convention. The principal accounting |
policies have remained unchanged from the previous year. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention. |
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The company was dormant throughout the current year and previous year. |
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Preparation of consolidated financial statements |
The financial statements contain information about Curnett Shipping Limited as an individual company and do |
not contain consolidated financial information as the parent of a group. The company has taken the option under |
Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
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Financial reporting standard number 1 |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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2. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 | 2 |
NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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% |
Class of shares: | holding |
Ordinary shares | 100.00 |
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£ | £ |
Aggregate capital and reserves | 14,453 | 14,453 |
CURNETT SHIPPING LIMITED (REGISTERED NUMBER: 01267198) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 DECEMBER 2015 |
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2. | FIXED ASSET INVESTMENTS - continued |
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Nature of business:
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Class of shares: | holding |
Ordinary shares | 100.00 |
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£ | £ |
Aggregate capital and reserves | 5,795 | 5,795 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary £1.00 | 1.00 |
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4. | ULTIMATE PARENT COMPANY |
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At the year end date and at the date of approval of the financial statements the directors consider the ultimate |
parent undertakings of this company are Ocean Management Transportation & Trading Corp. and Marine |
Management Investments Inc., both companies are incorporated in Panama. |
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The Menendez Ross family, residents of Chile and Argentina, are these company's ultimate controlling related |
party as a result of their ownership of Ocean Management Transportation & Trading Corp. and Marine |
Management Investments Inc. |
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5. | RELATED PARTY DISCLOSURES |
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At the year end date a balance of £5,591 (2014 £5,591) was due from an intermediate holding company, Ocean |
Transportation Trading SA. |
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The company is exempt from the requirements of FRS8 to disclose transactions with Ravenscroft Shipping |
Limited and Duncan Fox Shipping Limited since these subsidiaries are wholly owned. |