| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST AUGUST 2024 |
| FOR |
| OCEANDER ABODES LTD |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST AUGUST 2024 |
| FOR |
| OCEANDER ABODES LTD |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31st August 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| OCEANDER ABODES LTD |
| COMPANY INFORMATION |
| For The Year Ended 31st August 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| The Yard Suite 2.2 |
| Gill Bridge Avenue |
| Sunderland |
| Tyne and Wear |
| SR1 3AW |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| BALANCE SHEET |
| 31st August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| BALANCE SHEET - continued |
| 31st August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31st August 2024 |
| 1. | STATUTORY INFORMATION |
| Oceander abodes Ltd is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced rent aggregated from the provision of suitable temporary accommodation for vulnerable people in need. |
| Tangible fixed assets |
| Computer equipment | - |
| Government grants |
| Grants are recognised within the financial statements in the period where there is reasonable |
| assurance that the grant conditions will be met and that all conditions attaching to the grant will be |
| complied with. |
| When the grant relates to an expenses, it is recognised as income over the years necessary to match the grant on a systematic basis to the costs that it intends to compensate. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st August 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1st September 2023 |
| and 31st August 2024 |
| DEPRECIATION |
| Charge for year |
| At 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other loans |
| Amounts owed to group undertakings |
| Tax | ( |
) |
| Social security and other taxes |
| VAT | 11,212 | 45,388 |
| Other creditors |
| Directors' current accounts | - | 600 |
| Accruals and deferred income |
| OCEANDER ABODES LTD (REGISTERED NUMBER: 13585860) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31st August 2024 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2024 | 2023 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| 8. | OTHER FINANCIAL COMMITMENTS |
| Other financial commitments as at 31 August 2024 amounted to £1,495 (2023: £nil). |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company made a loan of £34,000 (2023: £nil) to Laundry Monster Ltd, a company under common control. Following a review by the directors, it has been established that £17,000 of this balance will not be recoverable and as such, has been written off to the profit and loss account in the year as a bad debt. |