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Registered Number: 12133916
England and Wales

 

 

 

TAI OCEAN LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024
Report to the directors on the preparation of the unaudited statutory accounts of Tai Ocean Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tai Ocean Limited for the year ended 31 December 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Tai Ocean Limited, as a body, in accordance with the terms of our engagement letter dated 11 April 2025 Our work has been undertaken solely to prepare for your approval the accounts of Tai Ocean Limited and state those matters that we have agreed to state to the Board of Directors of Tai Ocean Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tai Ocean Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tai Ocean Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Tai Ocean Limited. You consider that Tai Ocean Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Tai Ocean Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2024



....................................................
JGTAX LLP
30 Churchill Place
Canary Wharf
London
E14 5RE
11 April 2025
1
  2024   2023
    £ £   £ £
Fixed assets   4,608,454      4,608,454 
Prepayments and accrued income 4,267      1,913   
Creditors: amount falling due within one year (4,361,912)     (4,432,134)  
Net current assets   (4,357,645)     (4,430,221)
Total assets less current liabilities   250,809      178,233 
Net assets   250,809      178,233 
 

         
Capital and reserves   250,809      178,233 
 
NOTES TO THE ACCOUNTS

General Information
Tai Ocean Limited is a private company, limited by shares, registered in England and Wales, registration number 12133916, registration address 27 Old Gloucester Street, London, WC1N 3AX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 January 2024 4,587,529    20,925    4,608,454 
Additions    
Disposals    
At 31 December 2024 4,587,529    20,925    4,608,454 
Depreciation
At 01 January 2024    
Charge for year    
On disposals    
At 31 December 2024    
Net book values
Closing balance as at 31 December 2024 4,587,529    20,925    4,608,454 
Opening balance as at 01 January 2024 4,587,529    20,925    4,608,454 


3.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 11 April 2025 and were signed by:


--------------------------------
Sheng Yue
Director
2