Registered number
12463887
Oceans Hotel Representation Limited
Filleted Accounts
29 February 2024
Oceans Hotel Representation Limited
Registered number: 12463887
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,450 1,330
Current assets
Cash at bank and in hand 1,952 5,739
Creditors: amounts falling due within one year 4 (3,320) (4,968)
Net current (liabilities)/assets (1,368) 771
Net assets 82 2,101
Capital and reserves
Called up share capital 1 1
Profit and loss account 81 2,100
Shareholder's funds 82 2,101
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K I Wood
Director
Approved by the board on 30 April 2024
Oceans Hotel Representation Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 4 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Computer equipment
£
Cost
At 1 March 2023 2,074
Additions 849
At 29 February 2024 2,923
Depreciation
At 1 March 2023 744
Charge for the year 729
At 29 February 2024 1,473
Net book value
At 29 February 2024 1,450
At 28 February 2023 1,330
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,820 3,468
Other creditors 1,500 1,500
3,320 4,968
5 Controlling party
The company is controlled by the director
6 Other information
Oceans Hotel Representation Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Suffolk Parade
Cheltenham
Glos
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