Acorah Software Products - Accounts Production 16.0.110 false true true 31 December 2022 1 January 2021 false 1 January 2023 31 December 2023 31 December 2023 13073705 Mr A Klymenko Mr S Chernyshenko A. Klymenko true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13073705 2022-12-31 13073705 2023-12-31 13073705 2023-01-01 2023-12-31 13073705 frs-core:CurrentFinancialInstruments 2023-12-31 13073705 frs-core:ShareCapital 2023-12-31 13073705 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13073705 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13073705 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 13073705 frs-bus:SmallEntities 2023-01-01 2023-12-31 13073705 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13073705 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass1 2023-12-31 13073705 frs-bus:OrdinaryShareClass2 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass2 2023-12-31 13073705 frs-bus:OrdinaryShareClass3 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass3 2023-12-31 13073705 frs-bus:OrdinaryShareClass4 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass4 2023-12-31 13073705 frs-bus:OrdinaryShareClass5 2023-01-01 2023-12-31 13073705 frs-bus:OrdinaryShareClass5 2023-12-31 13073705 1 2023-01-01 2023-12-31 13073705 frs-core:CostValuation 2022-12-31 13073705 frs-core:AdditionsToInvestments 2023-12-31 13073705 frs-core:CostValuation 2023-12-31 13073705 frs-core:ProvisionsForImpairmentInvestments 2022-12-31 13073705 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 13073705 frs-bus:Director1 2023-01-01 2023-12-31 13073705 frs-bus:Director2 2023-01-01 2023-12-31 13073705 frs-countries:EnglandWales 2023-01-01 2023-12-31 13073705 2020-12-31 13073705 2022-12-31 13073705 2021-01-01 2022-12-31 13073705 frs-core:CurrentFinancialInstruments 2022-12-31 13073705 frs-core:ShareCapital 2022-12-31 13073705 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 13073705 frs-bus:OrdinaryShareClass1 2021-01-01 2022-12-31 13073705 frs-bus:OrdinaryShareClass2 2021-01-01 2022-12-31 13073705 frs-bus:OrdinaryShareClass3 2021-01-01 2022-12-31 13073705 frs-bus:OrdinaryShareClass4 2021-01-01 2022-12-31 13073705 frs-bus:OrdinaryShareClass5 2021-01-01 2022-12-31
Registered number: 13073705
Ocean Drops Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13073705
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Investments 4 5,586,000 -
5,586,000 -
CURRENT ASSETS
Receivables 5 1 1
1 1
Payables: Amounts Falling Due Within One Year 6 (1,950 ) -
NET CURRENT ASSETS (LIABILITIES) (1,949 ) 1
TOTAL ASSETS LESS CURRENT LIABILITIES 5,584,051 1
NET ASSETS 5,584,051 1
CAPITAL AND RESERVES
Called up share capital 7 5,586,001 1
Profit and Loss Account (1,950 ) -
SHAREHOLDERS' FUNDS 5,584,051 1
Page 1
Page 2
For the year ending 31 December 2023 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.
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 A Klymenko
Director
14/11/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ocean Drops Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13073705 . The registered office is 12 Mulberry Place, Pinnell Road, London, SE9 6AR.
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.
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 are presented in £ sterling.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. 
Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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. Payables
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.6. Share Capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
Page 3
Page 4
4. Investments
Subsidiaries
£
Cost
As at 1 January 2023 -
Additions 5,586,000
As at 31 December 2023 5,586,000
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 5,586,000
As at 1 January 2023 -
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
The company holds 43% of ordinary shares of Tyndale Ltd, a company incorporated in England & Wales. The principal activity of Tyndale Ltd is that of letting and operating of real estate that is a care home. The profit for the financial year ending 31/08/23 was £66,597 and the aggregate amount of capital and reserves at the end of the year was £142,521.
The company holds 100% of ordinary shares of Cosamello Consult Ltd, a company incorporated in Seychelles. The principal activity of Cosamello Consult Ltd is that of delivery of IT services as well as holding property as investment. The loss for the financial year ending 31/12/23 was £19,206 and the aggregate amount of capital and reserves at the end of the year was £315,238.
The company holds 100% of ordinary shares of Partegrande Ltd, a company incorporated in Ukraine. The principal activity of Partegrande Ltd is that of leasing and operation own or rented real estate property. The loss for the financial year ending 31/12/23 was £1,352 and the aggregate amount of capital and reserves at the end of the year was £20,910.
The company holds 100% of ordinary shares of Todouno Ltd, a company incorporated in Ukraine. The principal activity of Todouno Ltd is that of leasing and operation own or rented real estate property. The profit for the financial year ending 31/12/23 was £604 and the aggregate amount of capital and reserves at the end of the year was £17,834.
5. Receivables
31 December 2023 31 December 2022
£ £
Due within one year
Called up share capital not paid 1 1
6. Payables: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Accruals and deferred income 1,950 -
Page 4
Page 5
7. Share Capital
31 December 2023 31 December 2022
Allotted, called up and fully paid £ £
96 Ordinary A shares of £ 1,000.00 each 96,000 -
1,060 Ordinary B shares of £ 1,000.00 each 1,060,000 -
1,732 Ordinary C shares of £ 1,000.00 each 1,732,000 -
2,698 Ordinary D shares of £ 1,000.00 each 2,698,000 -
5,586,000 -
31 December 2023 31 December 2022
Allotted, called up but not fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Shares issued during the period: £
96 Ordinary A shares of £ 1,000.00 each 96,000
1,060 Ordinary B shares of £ 1,000.00 each 1,060,000
1,732 Ordinary C shares of £ 1,000.00 each 1,732,000
2,698 Ordinary D shares of £ 1,000.00 each 2,698,000
5,586,000
8. Post Balance Sheet Events
There have been no significant events between the year end and the date of approval of these accounts which would require a change to, or disclosure in, the financial statements.
9. Ultimate Controlling Party
The company's ultimate controlling party is A. Klymenko by virtue of his ownership of 100% of the issued share capital in the company.
Page 5