Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11166045 Mrs Ann Tang Mr Shu Leung Tang Ms Rosalind Tang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11166045 2023-02-28 11166045 2024-02-29 11166045 2023-03-01 2024-02-29 11166045 frs-core:Non-currentFinancialInstruments 2024-02-29 11166045 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 11166045 frs-core:RevaluationReserve 2023-03-01 2024-02-29 11166045 frs-core:RevaluationReserve 2023-02-28 11166045 frs-core:RevaluationReserve 2024-02-29 11166045 frs-core:ShareCapital 2024-02-29 11166045 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11166045 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11166045 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11166045 frs-bus:SmallEntities 2023-03-01 2024-02-29 11166045 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11166045 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11166045 frs-bus:Director1 2023-03-01 2024-02-29 11166045 frs-bus:Director2 2023-03-01 2024-02-29 11166045 frs-bus:Director3 2023-03-01 2024-02-29 11166045 frs-countries:EnglandWales 2023-03-01 2024-02-29 11166045 2022-02-28 11166045 2023-02-28 11166045 2022-03-01 2023-02-28 11166045 frs-core:Non-currentFinancialInstruments 2023-02-28 11166045 frs-core:RevaluationReserve 2023-02-28 11166045 frs-core:ShareCapital 2023-02-28 11166045 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11166045
Ocean Glow Investment Limited
Financial Statements
For The Year Ended 29 February 2024
Nice Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 11166045
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 2,545,134 1,545,134
Investments 129,648 124,525
2,674,782 1,669,659
CURRENT ASSETS
Cash at bank and in hand 244,921 164,972
244,921 164,972
Creditors: Amounts Falling Due Within One Year (34,517 ) (26,660 )
NET CURRENT ASSETS (LIABILITIES) 210,404 138,312
TOTAL ASSETS LESS CURRENT LIABILITIES 2,885,186 1,807,971
Creditors: Amounts Falling Due After More Than One Year (2,591,483 ) (1,591,483 )
NET ASSETS 293,703 216,488
CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 5 9,166 4,042
Profit and Loss Account 284,437 212,346
SHAREHOLDERS' FUNDS 293,703 216,488
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Ann Tang
Director
20/10/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ocean Glow Investment Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11166045 . The registered office is 3 Abercorn Close, London, NW7 1JG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation applies
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
5. Reserves
Revaluation Reserve
£
As at 1 March 2023 4,042
Surplus on revaluation 5,124
As at 29 February 2024 9,166
Page 3