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REGISTERED NUMBER: OC343467 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

OCEAN GATEWAY LLP

OCEAN GATEWAY LLP (REGISTERED NUMBER: OC343467)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OCEAN GATEWAY LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DESIGNATED MEMBERS: I R Liddell
Uniserve Holdings Limited



REGISTERED OFFICE: Upminster Court
133 Hall Lane
Upminster
Essex
RM14 1AL



REGISTERED NUMBER: OC343467 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Green LLB FCA



AUDITORS: THP Limited
Chartered Accountants
and Statutory Auditors
34-40 High Street
Wanstead
London
E11 2RJ

OCEAN GATEWAY LLP (REGISTERED NUMBER: OC343467)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,290,000 13,290,000

CURRENT ASSETS
Debtors 6 76,127 52,296
Cash at bank 1,006 1,006
77,133 53,302
CREDITORS
Amounts falling due within one year 7 98,127 74,296
NET CURRENT LIABILITIES (20,994 ) (20,994 )
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

13,269,006

13,269,006

LOANS AND OTHER DEBTS DUE TO
MEMBERS

-

-

MEMBERS' OTHER INTERESTS
Capital accounts 9,976,540 9,976,540
Revaluation reserve 8 3,292,466 3,292,466
13,269,006 13,269,006

TOTAL MEMBERS' INTERESTS
Members' other interests 13,269,006 13,269,006
Amounts due from members 6 (51,526 ) (52,296 )
13,217,480 13,216,710

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 30 July 2024 and were signed by:





I R Liddell - Designated member

OCEAN GATEWAY LLP (REGISTERED NUMBER: OC343467)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Ocean Gateway LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The LLP has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for services supplied, net of discounts and value added taxes.

Revenue is recognised in the accounting period in which rents are receivable.

Tangible fixed assets
Long leasehold land is not depreciated.

4. EMPLOYEE INFORMATION

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

5. TANGIBLE FIXED ASSETS
Long
leasehold
land
£   
COST
At 1 January 2023
and 31 December 2023 13,290,000
NET BOOK VALUE
At 31 December 2023 13,290,000
At 31 December 2022 13,290,000

During the previous year, the LLP had reclassified its long leasehold land from investment properties to tangible fixed assets, in order to reflect the permitted treatment under FRS102 16.4A.

The previous revaluation of this land has also been transferred from amounts due to members in respect of profits to a revaluation reserve.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 76,127 52,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 98,127 74,296

OCEAN GATEWAY LLP (REGISTERED NUMBER: OC343467)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 3,292,466
At 31 December 2023 3,292,466

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Green LLB FCA (Senior Statutory Auditor)
for and on behalf of THP Limited

10. ULTIMATE CONTROLLING PARTY

The immediate parent company is Uniserve Holdings Limited, a company incorporated in England and Wales.

The ultimate parent company is GB Global Holdco. Pte. Ltd, a company incorporated in Singapore.

The largest group in the UK for which group accounts are prepared is headed by GB Europe Holdings Limited. A copy of the consolidated accounts may be obtained from Companies House.

The ultimate controlling party is I R Liddell.