Company registration number 13903310 (England and Wales)
OCTONAV LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
OCTONAV LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
OCTONAV LIMITED (REGISTERED NUMBER: 13903310)
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
Notes
£
£
Current assets
Debtors
3
10,000
Cash at bank and in hand
548,798
558,798
Creditors: amounts falling due within one year
4
(536,907)
Net current assets
21,891
Capital and reserves
Called up share capital
10,000
Profit and loss reserves
11,891
Total equity
21,891

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 8 February 2024
Mr H G Bayntun
Director
OCTONAV LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 9 February 2022
-
0
-
0
-
Year ended 31 January 2023:
Profit and total comprehensive income for the year
-
11,891
11,891
Issue of share capital
10,000
-
10,000
Balance at 31 January 2023
10,000
11,891
21,891
OCTONAV LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
1
Accounting policies
Company information

Octonav Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents invoiced sales of services.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
Number
Total
1
3
Debtors
2023
Amounts falling due within one year:
£
Amounts owed by group undertakings
10,000
OCTONAV LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 4 -
4
Creditors: amounts falling due within one year
2023
£
Taxation and social security
2,912
Other creditors
533,995
536,907
5
Related party transactions

The company has taken advantage of the exemption within FRS 102 from the requirement to disclose transactions entered into between two or more members of a group provided that any subsidiary which is party to the transaction is wholly owned by such a member.

6
Parent company

The immediate and ultimate parent company of Octonav Limited is Sino Galleon Limited and its registered office is 10 Upper Grosvenor Road, Tunbridge Wells, Kent, TN1 2EP

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