Abbreviated Company Accounts - SOUTH AFRICAN LINER SERVICES LIMITED

Abbreviated Company Accounts - SOUTH AFRICAN LINER SERVICES LIMITED


Registered Number 05502209

SOUTH AFRICAN LINER SERVICES LIMITED

Abbreviated Accounts

28 February 2014

SOUTH AFRICAN LINER SERVICES LIMITED Registered Number 05502209

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Current assets
Debtors 2 100 100
100 100
Net current assets (liabilities) 100 100
Total assets less current liabilities 100 100
Total net assets (liabilities) 100 100
Capital and reserves
Called up share capital 3 100 100
Shareholders' funds 100 100
  • For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 November 2014

And signed on their behalf by:
Neil S. Darby, Director

SOUTH AFRICAN LINER SERVICES LIMITED Registered Number 05502209

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The Company is an Agency Company and all trade using its names is carried out by its immediate parent company Cory Brothers Shipping Agency Limited.
DORMANT COMPANY STATUS
For the 12 month period to 28 February 2014, the Company was entitled under section 476 of the companies Act 2006 relating to the audit of accounts, as it has been dormant for the period.

Other accounting policies
Related Party disclosures
The Company has taken advantage of the exemption under FRS 8 "Related party disclosures" which allow non- disclosure of all intergroup transactions as the consolidation statement of its ultimate parent company are publicly available.

The immediate parent company is Cory Brothers Shipping Agency Limited. The ultimate parent company and controlling party is Braemar Shipping Services plc. which is the parent undertaking of the smallest and largest group to consolidate these financial statements.

Copies of Braemar Shipping Services plc.'s consolidation statement can be obtained from the company secretary, Braemar Shipping Services plc., 35 Cosway Street, London, NW1 5BT.

Transactions with directors
There were no transactions with directors in the 12 month period to 28 February 2014, (2013 Nil).

2Debtors

Other Debtors
Other debtors represent amounts owed by Group undertakings.

3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100