30 January 2024 false Taxfiler 2024.6 true 15454398business:PrivateLimitedCompanyLtd2024-01-302025-01-31 154543982024-01-29 154543982024-01-302025-01-31 15454398business:AuditExempt-NoAccountantsReport2024-01-302025-01-31 15454398business:FilletedAccounts2024-01-302025-01-31 154543982025-01-31 15454398business:Director12024-01-302025-01-31 15454398business:RegisteredOffice2024-01-302025-01-31 15454398core:WithinOneYear2025-01-31 15454398core:ShareCapitalcore:PreviouslyStatedAmount2025-01-31 15454398core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-01-31 15454398core:PreviouslyStatedAmount2025-01-31 15454398business:SmallEntities2024-01-302025-01-31 15454398countries:EnglandWales2024-01-302025-01-31 iso4217:GBP xbrli:pure
Company Registration No. 15454398 (England and Wales)
Ocean International Enterprise Company Ltd Unaudited accounts for the period from 30 January 2024 to 31 January 2025
Ocean International Enterprise Company Ltd Unaudited accounts Contents
Page
- 2 -
Ocean International Enterprise Company Ltd Company Information for the period from 30 January 2024 to 31 January 2025
Director
Hiu Tung William Tse
Company Number
15454398 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ United Kingdom
Accountants
Embrace Accountants Ltd 37 St. Leonards Drive Nottingham NG8 2BB
- 3 -
Ocean International Enterprise Company Ltd Statement of financial position as at 31 January 2025
2025 
Notes
£ 
Called up share capital not paid
100 
Fixed assets
Investment property
386,865 
Current assets
Cash at bank and in hand
13,339 
Creditors: amounts falling due within one year
(394,745)
Net current liabilities
(381,406)
Net assets
5,559 
Capital and reserves
Called up share capital
100 
Profit and loss account
5,459 
Shareholders' funds
5,559 
For the period ending 31 January 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2025 and were signed on its behalf by
Hiu Tung William Tse Director Company Registration No. 15454398
- 4 -
Ocean International Enterprise Company Ltd Notes to the Accounts for the period from 30 January 2024 to 31 January 2025
1
Statutory information
Ocean International Enterprise Company Ltd is a private company, limited by shares, registered in England and Wales, registration number 15454398. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents gross value of services and is recognised on an accrual basis. Income received from investment property is recognised over the period of occupation.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements due to the significant level of net assets and cash reserves available. Accordingly, he continues to adopt the going concern basis in preparing the financial statements.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2025 
£ 
Additions
386,865 
At 31 January 2025
386,865 
- 5 -
Ocean International Enterprise Company Ltd Notes to the Accounts for the period from 30 January 2024 to 31 January 2025
5
Creditors: amounts falling due within one year
2025 
£ 
Taxes and social security
1,280 
Other creditors
391,000 
Loans from directors
220 
Accruals
395 
Deferred income
1,850 
394,745 
6
Transactions with related parties
Included within creditors falling due within one year is a directors loan of £220 due to Hiu Tung William Tse. The loan is unsecured, interest free and repayable on demand. No remuneration was paid to the directors during the current period.
7
Controlling party
The company's ultimate controlling party is Hiu Tung William Tse by virtue of his ownership of 100% of the issued share capital in the company.
8
Average number of employees
During the period the average number of employees was 1.
- 6 -