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REGISTERED NUMBER: 02753919















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ocean Club Holidays Limited

Ocean Club Holidays Limited (Registered number: 02753919)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Ocean Club Holidays Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M A Van Leeuwen
A C Van Leeuwen
P A Van Leeuwen





REGISTERED OFFICE: 18a Lower Street
Pulborough
West Sussex
RH20 2BL





REGISTERED NUMBER: 02753919





ACCOUNTANTS: THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ocean Club Holidays Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ocean Club Holidays Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ocean Club Holidays Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ocean Club Holidays Limited and state those matters that we have agreed to state to the Board of Directors of Ocean Club Holidays Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ocean Club Holidays Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ocean Club Holidays Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ocean Club Holidays Limited. You consider that Ocean Club Holidays Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ocean Club Holidays Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






THL Accountancy Ltd
303 Goring Road
Worthing
West Sussex
BN12 4NX


11 April 2024

Ocean Club Holidays Limited (Registered number: 02753919)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 232,171 233,153
Investment property 5 900,000 900,000
1,132,171 1,133,153

CURRENT ASSETS
Debtors 6 9,654 8,434
Cash at bank 1,216,205 789,979
1,225,859 798,413
CREDITORS
Amounts falling due within one year 7 664,819 591,313
NET CURRENT ASSETS 561,040 207,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,693,211

1,340,253

PROVISIONS FOR LIABILITIES 44,547 44,360
NET ASSETS 1,648,664 1,295,893

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Revaluation reserve 8 263,909 263,909
Retained earnings 1,354,755 1,001,984
SHAREHOLDERS' FUNDS 1,648,664 1,295,893

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

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

Ocean Club Holidays Limited (Registered number: 02753919)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





M A Van Leeuwen - Director


Ocean Club Holidays Limited (Registered number: 02753919)

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


1. STATUTORY INFORMATION

Ocean Club Holidays Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 5 years straight line
Flat furniture - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is 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.

Ocean Club Holidays Limited (Registered number: 02753919)

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


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Flat
property machinery fittings furniture Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2023 275,000 4,779 148,583 6,666 435,028
Additions - 3,812 - - 3,812
At 31 December 2023 275,000 8,591 148,583 6,666 438,840
DEPRECIATION
At 1 January 2023 44,979 1,852 148,378 6,666 201,875
Charge for year 2,954 1,690 150 - 4,794
At 31 December 2023 47,933 3,542 148,528 6,666 206,669
NET BOOK VALUE
At 31 December 2023 227,067 5,049 55 - 232,171
At 31 December 2022 230,021 2,927 205 - 233,153

Cost or valuation at 31 December 2023 is represented by:

Fixtures
Freehold Plant and and Flat
property machinery fittings furniture Totals
£    £    £    £    £   
Valuation in 2020 211,091 4,779 148,583 6,666 371,119
Valuation in 2021 63,909 - - - 63,909
Valuation in 2023 - 3,812 - - 3,812
275,000 8,591 148,583 6,666 438,840

Ocean Club Holidays Limited (Registered number: 02753919)

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


4. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 275,000 275,000
Aggregate depreciation 43,701 43,701

Value of land in freehold land and buildings 63,422 63,422

Freehold property was valued on a market value basis on 31 December 2021 by Crickmay Chartered Surveyors .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 900,000
NET BOOK VALUE
At 31 December 2023 900,000
At 31 December 2022 900,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 700,000
Valuation in 2021 200,000
900,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 700,000 700,000

Investment property was valued on a market value basis on 31 December 2021 by ea2 Estate Agency .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,654 8,434

Ocean Club Holidays Limited (Registered number: 02753919)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,310 13,226
Taxation and social security 174,437 138,515
Other creditors 460,072 439,572
664,819 591,313

8. RESERVES
Revaluatio
reserve
£   
At 1 January 2023
and 31 December 2023 263,909