REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
OCEAN MIND PROPERTY MANAGEMENT LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
'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 |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
( |
) | Amounts falling due within one year | ( |
) |
( |
) | NET CURRENT LIABILITIES | ( |
) |
( |
) | TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
( |
) | Retained earnings | ( |
) |
( |
) | ( |
) |
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 were approved by the director and authorised for issue on |
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 |
Tangible fixed assets |
Equipment, fixtures & fittings | - |
Van | - |
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 |
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 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2023 |
and 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
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 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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. |
'Danesbury House' |
49 Cardiff Road |
Luton |
Bedfordshire |
LU1 1PP |