IRIS Accounts Production v23.2.0.158 04163331 Board of Directors 1.4.22 31.3.23 31.3.23 true false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04163331 2022-03-31 04163331 2023-03-31 04163331 2022-04-01 2023-03-31 04163331 2021-03-31 04163331 2021-04-01 2022-03-31 04163331 2022-03-31 04163331 ns10:Original ns15:EnglandWales 2022-04-01 2023-03-31 04163331 ns14:PoundSterling ns10:Original 2022-04-01 2023-03-31 04163331 ns10:Original ns10:Director1 2022-04-01 2023-03-31 04163331 ns10:Original 2022-04-01 2023-03-31 04163331 ns10:Original 2023-03-31 04163331 ns10:Original ns10:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04163331 ns10:Original ns10:SmallEntities 2022-04-01 2023-03-31 04163331 ns10:Original ns10:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04163331 ns10:Original ns10:SmallCompaniesRegimeForDirectorsReport 2022-04-01 2023-03-31 04163331 ns10:SmallCompaniesRegimeForAccounts ns10:Original 2022-04-01 2023-03-31 04163331 ns10:Original ns10:FullAccounts 2022-04-01 2023-03-31 04163331 ns10:Original ns10:Director2 2022-04-01 2023-03-31 04163331 ns10:Original ns10:Director3 2022-04-01 2023-03-31 04163331 ns10:CompanySecretary1 ns10:Original 2022-04-01 2023-03-31 04163331 ns10:Original ns10:RegisteredOffice 2022-04-01 2023-03-31 04163331 ns10:Original 2022-03-31 04163331 ns10:Original ns5:CurrentFinancialInstruments 2023-03-31 04163331 ns10:Original ns5:CurrentFinancialInstruments 2022-03-31 04163331 ns5:ShareCapital ns10:Original 2023-03-31 04163331 ns5:ShareCapital ns10:Original 2022-03-31 04163331 ns10:Original ns5:SharePremium 2023-03-31 04163331 ns10:Original ns5:SharePremium 2022-03-31 04163331 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2023-03-31 04163331 ns10:Original ns5:RetainedEarningsAccumulatedLosses 2022-03-31 04163331 ns10:Original ns5:OwnedOrFreeholdAssets ns5:LandBuildings 2022-04-01 2023-03-31 04163331 ns10:Original ns5:LeaseholdImprovements 2022-04-01 2023-03-31 04163331 ns10:Original 2021-04-01 2022-03-31 04163331 ns10:Original ns5:LandBuildings 2022-03-31 04163331 ns10:Original ns5:LeaseholdImprovements 2022-03-31 04163331 ns10:Original 2022-03-31 04163331 ns10:Original ns5:LandBuildings 2022-04-01 2023-03-31 04163331 ns10:Original ns5:LandBuildings 2023-03-31 04163331 ns10:Original ns5:LeaseholdImprovements 2023-03-31 04163331 ns10:Original ns5:LandBuildings 2022-03-31 04163331 ns10:Original ns5:LeaseholdImprovements 2022-03-31 04163331 ns10:Original ns5:CostValuation 2022-03-31 04163331 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2023-03-31 04163331 ns10:Original ns5:CurrentFinancialInstruments ns5:WithinOneYear 2022-03-31

REGISTERED NUMBER: 04163331 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 MARCH 2023 |

| FOR |

| OCEANSPAN LIMITED |

OCEANSPAN LIMITED (REGISTERED NUMBER: 04163331)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

OCEANSPAN LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 MARCH 2023

| DIRECTORS: | I R Doble

| Mrs S R Dennis

| Mrs C L Hunter

| SECRETARY: | I R Doble

| REGISTERED OFFICE: | Charwell House

| 16 Wilsom Road

| Alton

| Hampshire

| GU34 2PP

| REGISTERED NUMBER: | 04163331 (England and Wales)

| ACCOUNTANTS: | Martin and Company

| 25 St Thomas Street

| Winchester

| Hampshire

| SO23 9HJ

OCEANSPAN LIMITED (REGISTERED NUMBER: 04163331)

BALANCE SHEET

31 MARCH 2023

| 31.3.23 | 31.3.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 289,598 |  | 299,910 |  |

Investments | 5 | 167,270 |  | 167,270 |  |

456,868 |  | 467,180 |  |

CURRENT ASSETS

Debtors | 6 | 317 |  | 317 |  |

Cash at bank | 8,676 |  | 267,424 |  |

8,993 |  | 267,741 |  |

CREDITORS

Amounts falling due within one year | 7 | 12,286 |  | 12,207 |  |

NET CURRENT (LIABILITIES)/ASSETS | (3,293 | ) | 255,534 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 453,575 |  | 722,714 |  |

CAPITAL AND RESERVES

Called up share capital | 20,000 |  | 20,000 |  |

Share premium | 157,270 |  | 157,270 |  |

Retained earnings | 276,305 |  | 545,444 |  |

SHAREHOLDERS' FUNDS | 453,575 |  | 722,714 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

OCEANSPAN LIMITED (REGISTERED NUMBER: 04163331)

BALANCE SHEET - continued

31 MARCH 2023

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:

I R Doble - Director

OCEANSPAN LIMITED (REGISTERED NUMBER: 04163331)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

1. | STATUTORY INFORMATION

| Oceanspan 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 represents rental and similar income which is recognised on a receivable basis.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold property | - | 2% on cost

| Improvements to property | - | 25% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2022 - 3 ) .

OCEANSPAN LIMITED (REGISTERED NUMBER: 04163331)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2023

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Freehold |  | to |

| property |  | property |  | Totals

£ | £ | £ |

| COST

| At 1 April 2022

| and 31 March 2023 | 515,604 |  | 41,924 |  | 557,528 |  |

| DEPRECIATION

| At 1 April 2022 | 215,694 |  | 41,924 |  | 257,618 |  |

| Charge for year | 10,312 |  | - |  | 10,312 |  |

| At 31 March 2023 | 226,006 |  | 41,924 |  | 267,930 |  |

| NET BOOK VALUE

| At 31 March 2023 | 289,598 |  | - |  | 289,598 |  |

| At 31 March 2022 | 299,910 |  | - |  | 299,910 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2022

| and 31 March 2023 | 167,270 |  |

| NET BOOK VALUE

| At 31 March 2023 | 167,270 |  |

| At 31 March 2022 | 167,270 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Other debtors | 317 |  | 317 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.23 |  | 31.3.22

£ | £ |

| Tax | 9,658 |  | 9,579 |  |

| VAT | 2,628 |  | 2,628 |  |

12,286 |  | 12,207 |  |