Ravenscroft Ship Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04609689 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

RAVENSCROFT SHIP MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J C Arthur

L J Hoskinson

D Scokin Rimolo

M C Yad

SECRETARY:

L J Hoskinson

REGISTERED OFFICE:

Grand Prix House

Third Floor

102-104 Sheen Road

Richmond

Surrey

TW9 1UF

REGISTERED NUMBER:

04609689 (England and Wales)

ACCOUNTANTS:

Carpenter Keen LLP

Chartered Accountants

Grand Prix House

102-104 Sheen Road

Richmond

Surrey

TW9 1UF

BANKERS:

HSBC PLC

8 Canada Square

London

E14 5HQ

CURRENT ASSETS

Debtors

20,061

21,897

Cash at bank

249

918

20,310

22,815

CREDITORS

Amounts falling due within one year

1,800

1,800

NET CURRENT ASSETS

18,510

21,015

TOTAL ASSETS LESS CURRENT LIABILITIES

18,510

21,015

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

18,410

20,915

SHAREHOLDERS' FUNDS

18,510

21,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 February 2015 and were signed on its behalf by:

J C Arthur - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1.00

100

100

3.	ULTIMATE PARENT COMPANY

The company is owned by Ravenscroft Ship Management (Bahamas) Limited. At the date of approving the

financial statements, the directors consider the ultimate parent undertaking of this company is Ultrapetrol

(Bahamas) Limited, a company registered in the Bahamas.

The only group in which the results of the company are consolidated is that headed by UP Offshore (Bahamas)

Limited.