Company Registration No. 11743937 (England and Wales)
CLEAN SHIPPING ALLIANCE 2020 LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2020
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
CLEAN SHIPPING ALLIANCE 2020 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
CLEAN SHIPPING ALLIANCE 2020 LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2020
31 December 2020
- 1 -
2020
2019
Notes
£
£
£
£
Current assets
Debtors
3
7,337
8,890
Cash at bank and in hand
43,510
28,760
50,847
37,650
Creditors: amounts falling due within one year
4
(20,097)
(3,705)
Net current assets
30,750
33,945
Reserves
Income and expenditure account
30,750
33,945
Members' funds
30,750
33,945
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.
true
For the financial year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 February 2021 and are signed on its behalf by:
Mr C G Fee
Director
Company Registration No. 11743937
CLEAN SHIPPING ALLIANCE 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
- 2 -
1
Accounting policies
Company information
Clean Shipping Alliance 2020 Limited is a
private
company
limited by guarantee
incorporated in England and Wales.
The registered office is
Suite 102 Birchin Court, 20 Birchin Lane, London, EC3V 9DU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Income and expenses are included in the financial statements as they become receivable or due.
Expenses include VAT where applicable as the company cannot reclaim it.
1.3
Financial instruments
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
1.4
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
1.5
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
CLEAN SHIPPING ALLIANCE 2020 LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
- 3 -
3
Debtors
2020
2019
Amounts falling due within one year:
£
£
Trade debtors
7,337
8,890
4
Creditors: amounts falling due within one year
2020
2019
£
£
Trade creditors
13,290
1,677
Other creditors
6,807
2,028
20,097
3,705
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.