Oceanic Strategic Planning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09538125 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Oceanic Strategic Planning Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N F Radley

REGISTERED OFFICE:

7 Clarendon Place

King Street

Maidstone

Kent

ME14 1BQ

REGISTERED NUMBER:

09538125 (England and Wales)

ACCOUNTANTS:

Berry & Company

Chartered Accountants

7 Clarendon Place

King Street

Maidstone

Kent

ME14 1BQ

FIXED ASSETS

Tangible assets

4

4,010

875

CURRENT ASSETS

Debtors

5

11,700

3,803

Cash at bank

144,727

145,124

156,427

148,927

CREDITORS

Amounts falling due within one year

6

22,070

33,306

NET CURRENT ASSETS

134,357

115,621

TOTAL ASSETS LESS CURRENT LIABILITIES

138,367

116,496

PROVISIONS FOR LIABILITIES

762

-

NET ASSETS

137,605

116,496

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

137,604

116,495

SHAREHOLDERS' FUNDS

137,605

116,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 by the director and authorised for issue on 4 August 2020 and were signed by:

N F Radley - Director

1.	STATUTORY INFORMATION

Oceanic Strategic Planning 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income

Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes, and is recognised as and when the company becomes entitled to receive it.

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

-

33% on cost and 15% on reducing balance

Financial instruments

The company enters into basic financial instruments that result in the recognition of financial assets and liabilities

such as trade and other accounts receivable and payable, loans from banks and other third parties and loans to

related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

1,889

Additions

5,149

Disposals

(1,040

)

At 30 April 2020

5,998

DEPRECIATION

At 1 May 2019

1,014

Charge for year

1,779

Eliminated on disposal

(805

)

At 30 April 2020

1,988

NET BOOK VALUE

At 30 April 2020

4,010

At 30 April 2019

875

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

11,700

3,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

1,631

-

Taxation and social security

19,316

32,460

Other creditors

1,123

846

22,070

33,306