Ravenscroft Ship Management Limited - Accounts to registrar - small 17.1

Ravenscroft Ship Management Limited - Accounts to registrar - small 17.1

RAVENSCROFT SHIP MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 04609689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

RAVENSCROFT SHIP MANAGEMENT LIMITED

RAVENSCROFT SHIP MANAGEMENT LIMITED (REGISTERED NUMBER: 04609689)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


RAVENSCROFT SHIP MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: J C Arthur
M C Yad



SECRETARY: J C Arthur



REGISTERED OFFICE: Fourth Floor
18-20 Hill Rise
Richmond
Surrey
TW10 6UA



REGISTERED NUMBER: 04609689 (England and Wales)



ACCOUNTANTS: Carpenter Keen LLP
Chartered Accountants
18-20 Hill Rise
Richmond
Surrey
TW10 6UA



BANKERS: HSBC PLC
8 Canada Square
London
E14 5HQ
Page 1
RAVENSCROFT SHIP MANAGEMENT LIMITED (REGISTERED NUMBER: 04609689)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 18,261 18,261
Cash at bank 224 213
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,485
18,474

CAPITAL AND RESERVES
Called up share capital 3 100 100
Retained earnings 18,385 18,374
SHAREHOLDERS' FUNDS 18,485 18,474

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 15 May 2017 and were signed on its behalf by:





J C Arthur - Director


The notes form part of these financial statements

Page 2
RAVENSCROFT SHIP MANAGEMENT LIMITED (REGISTERED NUMBER: 04609689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Ravenscroft Ship Management 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.

The principal accounting policies have remained unchanged for the previous year.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.


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.

3. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1.00 100 100

4. RELATED PARTY DISCLOSURES

At the balance sheet date £18,261 (2015 £20,061) was due from Ultrapetrol (Bahamas) Limited.

5. ULTIMATE CONTROLLING PARTY

The company is owned by Ravenscroft Ship Management (Bahamas) Limited. At the balance sheet date, the
directors consider the ultimate parent undertaking of the company to be 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.

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