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Company Registration No. 04069321 (England and Wales)
OCEAN EDGE RESOURCE MANAGEMENT LTD. Unaudited accounts for the year ended 31 March 2024
OCEAN EDGE RESOURCE MANAGEMENT LTD. Unaudited accounts Contents
Page
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OCEAN EDGE RESOURCE MANAGEMENT LTD. Company Information for the year ended 31 March 2024
Directors
Kirsten Anne Foster Philip Charles Foster
Company Number
04069321 (England and Wales)
Registered Office
C/O POWER ACCOUNTAX LTD, MAILBOX 3, SOLE 343 MILLBROOK ROAD WEST SOUTHAMPTON SO15 0HW ENGLAND
Accountants
Cajal Accountancy Services Limited C/O Power Accountax Limited, Mailbox 3, Solent Business Centre, 343 Millbrook Road West, Southampton SO15 0HW
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OCEAN EDGE RESOURCE MANAGEMENT LTD. Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
75 
84 
Tangible assets
4,188 
4,506 
4,263 
4,590 
Current assets
Debtors
3,335 
6,826 
Cash at bank and in hand
22,584 
61,861 
25,919 
68,687 
Creditors: amounts falling due within one year
(21,605)
(38,982)
Net current assets
4,314 
29,705 
Total assets less current liabilities
8,577 
34,295 
Creditors: amounts falling due after more than one year
(8,000)
(12,000)
Provisions for liabilities
Deferred tax
(505)
(454)
Net assets
72 
21,841 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(28)
21,741 
Shareholders' funds
72 
21,841 
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by
Kirsten Anne Foster Director Company Registration No. 04069321
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OCEAN EDGE RESOURCE MANAGEMENT LTD. Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
OCEAN EDGE RESOURCE MANAGEMENT LTD. is a private company, limited by shares, registered in England and Wales, registration number 04069321. The registered office is C/O POWER ACCOUNTAX LTD, MAILBOX 3, SOLE, 343 MILLBROOK ROAD WEST, SOUTHAMPTON, SO15 0HW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% wdv method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
170 
At 31 March 2024
170 
Amortisation
At 1 April 2023
86 
Charge for the year
9 
At 31 March 2024
95 
Net book value
At 31 March 2024
75 
At 31 March 2023
84 
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OCEAN EDGE RESOURCE MANAGEMENT LTD. Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
12,604 
29,557 
42,161 
Additions
- 
583 
583 
At 31 March 2024
12,604 
30,140 
42,744 
Depreciation
At 1 April 2023
11,224 
26,431 
37,655 
Charge for the year
276 
625 
901 
At 31 March 2024
11,500 
27,056 
38,556 
Net book value
At 31 March 2024
1,104 
3,084 
4,188 
At 31 March 2023
1,380 
3,126 
4,506 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
2,700 
5,400 
Accrued income and prepayments
635 
1,426 
3,335 
6,826 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,000 
4,000 
VAT
(192)
- 
Trade creditors
13 
247 
Taxes and social security
1,137 
18,247 
Other creditors
1,402 
1,119 
Loans from directors
15,245 
14,681 
Accruals
- 
688 
21,605 
38,982 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,000 
12,000 
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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