REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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for |
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BROBULK LIMITED |
REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2020 |
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for |
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BROBULK LIMITED |
BROBULK LIMITED (REGISTERED NUMBER: 03596350) |
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Contents of the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BROBULK LIMITED |
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Company Information |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Sundial House |
High Street |
Horsell |
Woking |
Surrey |
GU21 4SU |
BROBULK LIMITED (REGISTERED NUMBER: 03596350) |
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Balance Sheet |
31 DECEMBER 2020 |
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2020 | 2019 |
Notes | $ | $ |
CURRENT ASSETS |
Debtors | 4 |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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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
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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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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
its behalf by: |
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BROBULK LIMITED (REGISTERED NUMBER: 03596350) |
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Notes to the Financial Statements |
FOR THE YEAR ENDED 31 DECEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Brobulk Limited is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company was dormant throughout the year ended 31 December 2020. However, reference to information relating to the |
year ended 31 December 2019 has been made where appropriate. |
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Preparation of consolidated financial statements |
The financial statements contain information about Brobulk Limited as an individual company and do not contain |
consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the |
Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Investments in subsidiaries |
Investments in subsidiaries are measured at cost less accumulated impairment. |
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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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Dividends |
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. |
Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on |
shares recognised as liabilities are recognised as expenses and classified within interest payable. |
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Functional currency |
The Company's functional and presentational currency is $USD. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2019 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
$ | $ |
Amounts owed by group undertakings |
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5. | PARENT COMPANY |
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The company is a wholly owned subsidiary of GAC Group (Holdings) Limited, incorporated in Dubai. The registered |
office of GAC Group (Holdings) Limited is Dubai International Finance Centre, P.O.Box 18006, Dubai, United Arab |
Emirates. |
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The smallest group in which the results of the company are consolidated is that headed by Gulf Agency Company Limited, |
incorporated in Vaduz, Liechtenstein. The registered address of Gulf Agency Company Limited is Landstrasse 11, Postfach |
167, FL-9495 Triesen, Principality of Liechtenstein. |