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
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
OCEAN EDGE RESOURCE MANAGEMENT LTD.
Statement of financial position
as at 31 March 2024
Tangible assets
4,188
4,506
Cash at bank and in hand
22,584
61,861
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
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
OCEAN EDGE RESOURCE MANAGEMENT LTD.
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
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
At 31 March 2024
12,604
30,140
42,744
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
At 31 March 2024
1,104
3,084
4,188
At 31 March 2023
1,380
3,126
4,506
Amounts falling due after more than one year
Accrued income and prepayments
635
1,426
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,000
4,000
Taxes and social security
1,137
18,247
Other creditors
1,402
1,119
Loans from directors
15,245
14,681
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).