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REGISTERED NUMBER: 13834956 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

OCEAN MIND PROPERTY MANAGEMENT LIMITED

OCEAN MIND PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 13834956)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

OCEAN MIND PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: C F Cheung





REGISTERED OFFICE: Danesbury House
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP





REGISTERED NUMBER: 13834956 (England and Wales)





ACCOUNTANTS: F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP

OCEAN MIND PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 13834956)

ABRIDGED BALANCE SHEET
31 January 2024

2023 2024
£    Notes £   
FIXED ASSETS
24,476 Tangible assets 4 18,961
348,961 Investment property 5 348,961
373,437 367,922

CURRENT ASSETS
357 Debtors 25,912
1,557 Cash at bank 22,094
1,914 48,006
CREDITORS
(387,387 ) Amounts falling due within one year (457,125 )
(385,473 ) NET CURRENT LIABILITIES (409,119 )
(12,036 ) TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,197

)

CAPITAL AND RESERVES
1 Called up share capital 1
(12,037 ) Retained earnings (41,198 )
(12,036 ) (41,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





C F Cheung - Director


OCEAN MIND PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 13834956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Ocean Mind Property Management Limited ia a private company limited by shares, registered in England and Wales.The company's registered number is 13834956 and the registered office is Danesbury House, 49 Cardiff Road, Luton, Bedfordshire LU1 1PP, United Kingdom.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment, fixtures & fittings - 15% on reducing balance
Van - 25% on reducing balance

Investment property
Investment properties are included at fair value. Gains are recognized in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company has been assured it will have the continuing support from the sole director and shareholder of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

OCEAN MIND PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 13834956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 30,009
Additions 190
At 31 January 2024 30,199
DEPRECIATION
At 1 February 2023 5,533
Charge for year 5,705
At 31 January 2024 11,238
NET BOOK VALUE
At 31 January 2024 18,961
At 31 January 2023 24,476

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 348,961
NET BOOK VALUE
At 31 January 2024 348,961
At 31 January 2023 348,961

The investment property at the balance sheet date is stated at fair value on current prices on an active market. The value by the director has been carried out with the support of appropriate independent valuers.

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
C F Cheung
Balance outstanding at start of year 385,397 -
Amounts advanced 66,193 385,397
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 451,590 385,397

7. ULTIMATE CONTROLLING PARTY

The ultimate control is vested in the sole director and shareholder of the company.

OCEAN MIND PROPERTY MANAGEMENT LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
OCEAN MIND PROPERTY MANAGEMENT LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






F E Hawkes & Co Limited
'Danesbury House'
49 Cardiff Road
Luton
Bedfordshire
LU1 1PP


18 October 2024