Ocean Investments (Properties) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06305219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Ocean Investments (Properties) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Z D Chaudhry

Mr C A Milner

Mrs W C Smit

REGISTERED OFFICE:

319B Walton Road

West Molesey

KT8 2QG

REGISTERED NUMBER:

06305219 (England and Wales)

ACCOUNTANTS:

Accord Accountants

132 Winchester Rd

Chandler's Ford

Eastleigh

SO53 2DS

FIXED ASSETS

Tangible assets

4

700,000

700,000

CURRENT ASSETS

Debtors

5

18,660

15,000

Cash in hand

175

175

18,835

15,175

CREDITORS

Amounts falling due within one year

6

26,020

22,500

NET CURRENT LIABILITIES

(7,185

)

(7,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

692,815

692,675

CREDITORS

Amounts falling due after more than one year

7

402,038

427,912

NET ASSETS

290,777

264,763

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

290,677

264,663

SHAREHOLDERS' FUNDS

290,777

264,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

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 28 December 2017 and were signed on its behalf by:

Mr Z D Chaudhry - Director

1.	STATUTORY INFORMATION

Ocean Investments (Properties) 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

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

and 31 March 2017

700,000

5,510

705,510

DEPRECIATION

At 1 April 2016

and 31 March 2017

-

5,510

5,510

NET BOOK VALUE

At 31 March 2017

700,000

-

700,000

At 31 March 2016

700,000

-

700,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

-

15,000

Amounts owed by participating interests

18,660

-

18,660

15,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

16,524

20,905

Amounts owed to group undertakings

3,100

-

Taxation and social security

6,396

1,595

26,020

22,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans

393,549

419,423

Other creditors

8,489

8,489

402,038

427,912

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

393,549

419,423