1 July 2023 false Taxfiler 2024.6 05860172business:CompanyLimitedByGuarantee2023-07-012024-06-30 058601722023-06-30 058601722023-07-012024-06-30 05860172business:AuditExemptWithAccountantsReport2023-07-012024-06-30 05860172business:FilletedAccounts2023-07-012024-06-30 058601722024-06-30 05860172business:Director12023-07-012024-06-30 05860172business:Director22023-07-012024-06-30 05860172business:Director32023-07-012024-06-30 05860172business:Director52023-07-012024-06-30 05860172business:Director62023-07-012024-06-30 05860172business:CompanySecretary12023-07-012024-06-30 05860172business:RegisteredOffice2023-07-012024-06-30 058601722023-06-30 05860172core:WithinOneYear2024-06-30 05860172core:WithinOneYear2023-06-30 05860172countries:EnglandWales2023-07-012024-06-30 058601722022-07-012023-06-30 05860172business:Micro-entities2023-07-012024-06-30 iso4217:GBP xbrli:pure
Company Registration No. 05860172 (England and Wales)
Ocean Management (1) Limited Unaudited accounts for the year ended 30 June 2024
Ocean Management (1) Limited Annual report and unaudited accounts for the year ended 30 June 2024
CONTENTS
PAGE
- 2 -
Ocean Management (1) Limited Company Information for the year ended 30 June 2024
Directors
P A Rennard Dr D S Hill A M Strahand M P Miller J F Daly
Secretary
Dr D S Hill
Company Number
05860172 (England and Wales)
Registered Office
70 Castle Street Bodmin Cornwall PL31 2DY England
Accountants
Callywith Accountants 70 Castle Street Bodmin Cornwall PL31 2DY
- 3 -
Ocean Management (1) Limited Statement of Financial Position as at 30 June 2024
2024 
2023 
£ 
£ 
Current assets
92,700 
84,963 
Prepayments and accrued income
2,469 
288 
Creditors: amounts falling due within one year
(6,162)
(1,215)
Net current assets
89,007 
84,036 
Total assets less current liabilities
89,007 
84,036 
Provisions for liabilities
(61,471)
(36,471)
Accruals and deferred income
(3,060)
(5,687)
Net assets
24,476 
41,878 
Reserves
24,476 
41,878 
NOTES TO THE ACCOUNTS
1 Statutory information
Ocean Management (1) Limited is a private company, limited by guarantee, registered in England and Wales, registration number 05860172. The registered office is 70 Castle Street, Bodmin, Cornwall, PL31 2DY, England.
2 Guarantees and other financial commitments
The company does not have a share capital and is limited by guarantee. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Contributions to the sinking fund are reported in the balance sheet under "Provisions for liabilities". The balance of the fund at 30 June 2023 was £36,471. Contributions received in the year amounted to £25,000 and no expenditure was charged against the fund. The balance of the fund at 30 June 2024 amounted to £61,471 and, until these funds have been expended, they are owed back to the leaseholders.
3 Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 4 -
Ocean Management (1) Limited Statement of Financial Position as at 30 June 2024 (continued)
For the year ending 30 June 2024 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 23 February 2025
P A Rennard Director Company Registration No. 05860172
- 5 -