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Registered number: 11803065
Two Oceans Strategy Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ChadSan Limited
Castle House
Castle Street
Guildford
GU1 3UW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11803065
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,765 2,904
1,765 2,904
CURRENT ASSETS
Debtors 6 81,205 61,755
Cash at bank and in hand 15,197 7,876
96,402 69,631
Creditors: Amounts Falling Due Within One Year 7 (117,949 ) (101,250 )
NET CURRENT ASSETS (LIABILITIES) (21,547 ) (31,619 )
TOTAL ASSETS LESS CURRENT LIABILITIES (19,782 ) (28,715 )
NET LIABILITIES (19,782 ) (28,715 )
CAPITAL AND RESERVES
Called up share capital 8 111 111
Share premium account 299,990 299,990
Profit and Loss Account (319,883 ) (328,816 )
SHAREHOLDERS' FUNDS (19,782) (28,715)
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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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Thomas Mills
Director
28th October 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Two Oceans Strategy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11803065 . The registered office is Castle House, Castle Street, Guildford, GU1 3UW.
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. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Fixtures & Fittings 33.3% on cost
Computer Equipment 33.3% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.6. Investments
All investment are carried at fair value determined annually and derived from the current market values. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 1,860 4,554 6,414
Additions - 1,020 1,020
As at 31 March 2024 1,860 5,574 7,434
Depreciation
As at 1 April 2023 933 2,577 3,510
Provided during the period 619 1,540 2,159
As at 31 March 2024 1,552 4,117 5,669
Net Book Value
As at 31 March 2024 308 1,457 1,765
As at 1 April 2023 927 1,977 2,904
5. Investments
Unlisted
£
Cost
As at 1 April 2023 10,235
As at 31 March 2024 10,235
Provision
As at 1 April 2023 10,235
As at 31 March 2024 10,235
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 24,002 -
Amounts owed by group undertakings 53,554 53,554
Other debtors 3,649 8,201
81,205 61,755
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 470
Other creditors 96,619 89,274
Taxation and social security 21,330 11,506
117,949 101,250
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 111 111
9. Post Balance Sheet Events
The directors are planning to voluntarily liquidate the company within the next 12 months.
10. Related Party Transactions
Included in "Other Debtors" is £53,554 (2022: £53,554) owed from Two Oceans Strategy India Private Limited, a subsidiary of Two Oceans Strategy Limited. This loan is unsecured, repayable on demand and non-interest bearing.
Included in consulting cost there is £310,717 ( 2023: £280,412)  invoiced from a related party to the company for the consultancy services provided during the year. 
11. Controlling Party
The company's controlling party is Mr Thomas Mills by virtue of his ownership of 90.5% of the issued share capital in the company.
12. Going Concern
As at the balance sheet date the company has net liabilities. These financial statements have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to support the company for the foreseeable future. 
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