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REGISTERED NUMBER: 08377558 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Ocean Marine Systems Holdings Limited

Ocean Marine Systems Holdings Limited (Registered number: 08377558)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ocean Marine Systems Holdings Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Madsen
S V Petersen





SECRETARY: D L Wilson





REGISTERED OFFICE: Russell House
Oxford Road
Bournemouth
Dorset
BH8 8EX





REGISTERED NUMBER: 08377558 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Ocean Marine Systems Holdings Limited (Registered number: 08377558)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 5 2 2

CURRENT ASSETS
Debtors 6 58,520 67,320
Cash at bank and in hand 458 564
58,978 67,884
CREDITORS
Amounts falling due within one year 7 (666 ) (666 )
NET CURRENT ASSETS 58,312 67,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,314

67,220

CAPITAL AND RESERVES
Called up share capital 8 104 104
Retained earnings 58,210 67,116
SHAREHOLDERS' FUNDS 58,314 67,220

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





M Madsen - Director


Ocean Marine Systems Holdings Limited (Registered number: 08377558)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Russell House
Oxford Road
Bournemouth
Dorset
BH8 8EX

The principal place of business is:
Ocean House
Aviation Park West
Bournemouth International Airport
Christchurch
Dorset
BH23 6NW

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

5. FIXED ASSET INVESTMENTS
Investment
in
subsidiaries
£   
COST
At 1 April 2022
and 31 March 2023 2
NET BOOK VALUE
At 31 March 2023 2
At 31 March 2022 2

Ocean Marine Systems Holdings Limited (Registered number: 08377558)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Ocean Marine Systems Ltd
Registered office: Russell House,Oxford Road,Bournemouth,Dorset,BH8 8EX
Nature of business: Supply of services to marine industry
%
Class of shares: holding
Ordinary Shares 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 58,520 67,320

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 666 666

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100
4 Ordinary Class B £1 4 4
104 104

9. POST BALANCE SHEET EVENTS

Shares got sold after year end to the group which owns Ocean Yacht Systems, called Hundested Propeller A/S.