Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalse2023-02-03falsetrueNo description of principal activity10The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14638449 2023-02-02 14638449 2023-02-03 2023-12-31 14638449 2022-02-03 2023-02-02 14638449 2023-12-31 14638449 c:Director3 2023-02-03 2023-12-31 14638449 d:CurrentFinancialInstruments 2023-12-31 14638449 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14638449 d:ShareCapital 2023-12-31 14638449 d:RetainedEarningsAccumulatedLosses 2023-12-31 14638449 c:FRS102 2023-02-03 2023-12-31 14638449 c:AuditExempt-NoAccountantsReport 2023-02-03 2023-12-31 14638449 c:FullAccounts 2023-02-03 2023-12-31 14638449 c:PrivateLimitedCompanyLtd 2023-02-03 2023-12-31 14638449 d:Subsidiary1 2023-02-03 2023-12-31 14638449 d:Subsidiary1 1 2023-02-03 2023-12-31 14638449 2 2023-02-03 2023-12-31 14638449 6 2023-02-03 2023-12-31 14638449 e:USDollar 2023-02-03 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 14638449










OCEANVIEW GROUP LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
OCEANVIEW GROUP LIMITED
REGISTERED NUMBER: 14638449

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
Note
$

Fixed assets
  

Investments
 4 
445,000

  
445,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,000,000

  
1,000,000

Creditors: amounts falling due within one year
 6 
(1,447,179)

Net current (liabilities)/assets
  
 
 
(447,179)

Total assets less current liabilities
  
(2,179)

  

Net (liabilities)/assets
  
(2,179)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(2,180)

  
(2,179)


Page 1

 
OCEANVIEW GROUP LIMITED
REGISTERED NUMBER: 14638449
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 February 2025.




G Pessoa de Figueredo Lima Neto
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
OCEANVIEW GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

The company, which was incorporated and registered in England and Wales (registered number - 14638449) is a privately owned company limited by shares.  The registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The company was loss making in the period and has net current liabilities. The parent company has agreed to provide funding to meet the company's working capital requirements and agreed to not call in their loan in preference to other creditors.  The directors have therefore agreed that the going concern assertion is correct.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
OCEANVIEW GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 1.


4.


Fixed asset investments





Investments in subsidiary companies

$



Cost or valuation


Additions
445,000



At 31 December 2023
445,000




Page 4

 
OCEANVIEW GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Kokku Games Ltda
Ordinary
11.11%


5.


Debtors

2023
$


Amounts owed by group undertakings
961,089

Other debtors
38,911

1,000,000



6.


Creditors: Amounts falling due within one year

2023
$

Trade creditors
2,180

Amounts owed to group undertakings
1,444,999

1,447,179



7.


Related party transactions

During the period Oceanview Group Limited received investment funding of $1,445,000 from Triple Dragon Limited, P C J van der Pijl is a director of Triple Dragon Limited and until 21 May 2024 Triple Dragon Limited had significant control over Oceanview Group Limited. This loan is subject to interest and in the period charged $62,870 to Oceanview Group Limited. The balance due at the period end to Triple Dragon Limited was $1,444,999.


8.


Controlling party

The company is a 100% owned subsidiary of Triple Dragon Limited whose registered office is 86-90 Paul Street, London, EC2A 4NE.  As the head of a small group, Triple Dragon Limited did not prepare consolidated accounts for the period ended 31 December 2023.

 
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