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REGISTERED NUMBER: 07519818 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

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 DECEMBER 2019










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 DECEMBER 2019







DIRECTORS: E Gavrielides
E Nikfahama
P Giagkou





SECRETARIES: P Giagkou
Laytons Secretaries Limited





REGISTERED OFFICE: Level 5
2 More London Riverside
London
SE1 2AP





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 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,635 155,065

CURRENT ASSETS
Debtors 5 1,863,888 1,082,990
Cash at bank and in hand 51,157 74,363
1,915,045 1,157,353
CREDITORS
Amounts falling due within one year 6 1,566,052 1,033,831
NET CURRENT ASSETS 348,993 123,522
TOTAL ASSETS LESS CURRENT
LIABILITIES

468,628

278,587

PROVISIONS FOR LIABILITIES 22,470 29,144
NET ASSETS 446,158 249,443

CAPITAL AND RESERVES
Called up share capital 133 133
Share premium 4,994 4,994
Capital redemption reserve 97 97
Retained earnings 440,934 244,219
446,158 249,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 DECEMBER 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 23 December 2020 and were signed on its behalf by:





P Giagkou - Director


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

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019


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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 (2018 - 1 ) .

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 439,945
Additions 39,855
At 31 December 2019 479,800
DEPRECIATION
At 1 January 2019 284,880
Charge for year 75,285
At 31 December 2019 360,165
NET BOOK VALUE
At 31 December 2019 119,635
At 31 December 2018 155,065

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 94,907 6,631
Amounts owed by group undertakings 1,687,872 932,150
Other debtors 81,109 144,209
1,863,888 1,082,990

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 81 -
Trade creditors 864,766 538,688
Taxation and social security 69,012 38,199
Other creditors 632,193 456,944
1,566,052 1,033,831