NEU OCEAN TECHNOLOGIES LTD

Company Registration Number:
13936879 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

NEU OCEAN TECHNOLOGIES LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

NEU OCEAN TECHNOLOGIES LTD

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Called up share capital not paid: 400,000 400,000
Fixed assets
Intangible assets: 3 6,000,000 0
Tangible assets: 4 125,000 10,000
Investments: 5 700,000 0
Total fixed assets: 6,825,000 10,000
Current assets
Stocks: 0 0
Debtors:   675,000 0
Cash at bank and in hand: 274,100 10,000
Investments:   2,100,000
Total current assets: 3,049,100 10,000
Creditors: amounts falling due within one year:   (274,100) 0
Net current assets (liabilities): 2,775,000 10,000
Total assets less current liabilities: 10,000,000 420,000
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: (863,228) 0
Total net assets (liabilities): 9,136,772 420,000
Capital and reserves
Called up share capital: 10,000,000 400,000
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (863,228) 20,000
Shareholders funds: 9,136,772 420,000

The notes form part of these financial statements

NEU OCEAN TECHNOLOGIES LTD

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 March 2024
and signed on behalf of the board by:

Name: Amir Negm
Status: Director

The notes form part of these financial statements

NEU OCEAN TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NEU OCEAN TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

NEU OCEAN TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
At 01 March 2023 0
Additions 4,000,000
Disposals 0
Revaluations 340,000
Transfers 1,660,000
At 28 February 2024 6,000,000
Amortisation
At 01 March 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 28 February 2024 0
Net book value
At 28 February 2024 6,000,000
At 28 February 2023 0

NEU OCEAN TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 13,000
Additions 118,500
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2024 131,500
Depreciation
At 01 March 2023 3,000
Charge for year 3,000
On disposals 0
Other adjustments 500
At 28 February 2024 6,500
Net book value
At 28 February 2024 125,000
At 28 February 2023 10,000

NEU OCEAN TECHNOLOGIES LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Fixed investments

Fixed investments are primarily in technologies, infrastructure, tools, and intellectual property that are essential for delivering services, creating solutions, and scaling the business over time. These investments support long-term value generation and provide the foundation for driving digital transformation projects for clients across various industries.