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REGISTERED NUMBER: 07519818 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED

BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED (REGISTERED NUMBER: 07519818)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: E Gavrielides
E Nikfahama





SECRETARIES: P Giagkou
Laytons Secretaries Limited





REGISTERED OFFICE: Level 5
2 More London Riverside
London





REGISTERED NUMBER: 07519818 (England and Wales)





ACCOUNTANTS: Haines Watts
Advantage
87 Castle Street
Reading
Berkshire
RG1 7SN

BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED (REGISTERED NUMBER: 07519818)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,288 236,959

CURRENT ASSETS
Debtors 5 819,409 469,688
Cash at bank and in hand 111,912 174,044
931,321 643,732
CREDITORS
Amounts falling due within one year 6 971,340 836,656
NET CURRENT LIABILITIES (40,019 ) (192,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,269

44,035

PROVISIONS FOR LIABILITIES 33,782 15,514
NET ASSETS 105,487 28,521

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 4,994 4,994
Capital redemption reserve 97 97
Retained earnings 100,263 23,297
105,487 28,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED (REGISTERED NUMBER: 07519818)

BALANCE SHEET - continued
31 MARCH 2018


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.

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 27 November 2018 and were signed
on its behalf by:





E Gavrielides - Director


BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED (REGISTERED NUMBER: 07519818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018


1. STATUTORY INFORMATION

Black Pearl Maritime Security 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

BLACK PEARL MARITIME SECURITY MANAGEMENT
LIMITED (REGISTERED NUMBER: 07519818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 397,133
Additions 3,700
At 31 March 2018 400,833
DEPRECIATION
At 1 April 2017 160,174
Charge for year 61,371
At 31 March 2018 221,545
NET BOOK VALUE
At 31 March 2018 179,288
At 31 March 2017 236,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,185 20,086
Amounts owed by group undertakings 806,366 440,336
Other debtors 10,858 9,266
819,409 469,688

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 694,325 679,808
Amounts owed to group undertakings - 2,291
Taxation and social security 5 5
Other creditors 277,010 154,552
971,340 836,656