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REGISTERED NUMBER: 13585860 (England and Wales)









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: M D Blair-Vincent
Ms R Fang
E O Lewu





REGISTERED OFFICE: The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
SR1 3AW





REGISTERED NUMBER: 13585860 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
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 3,822 5,096

CURRENT ASSETS
Debtors 5 84,970 81,101
Cash at bank 39,945 114,295
124,915 195,396
CREDITORS
Amounts falling due within one year 6 113,406 151,312
NET CURRENT ASSETS 11,509 44,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,331

49,180

PROVISIONS FOR LIABILITIES 726 -
NET ASSETS 14,605 49,180

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 14,604 49,179
SHAREHOLDERS' FUNDS 14,605 49,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th May 2025 and were signed on its behalf by:





Ms R Fang - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced rent aggregated from the provision of suitable temporary accommodation for vulnerable people in need.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st September 2023
and 31st August 2024 5,096
DEPRECIATION
Charge for year 1,274
At 31st August 2024 1,274
NET BOOK VALUE
At 31st August 2024 3,822
At 31st August 2023 5,096

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 63,204 54,601
Amounts owed by group undertakings 17,000 26,500
Prepayments and accrued income 4,766 -
84,970 81,101

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 30,000 -
Amounts owed to group undertakings 31,276 -
Tax (1,793 ) 1,793
Social security and other taxes 3,377 1,508
VAT 11,212 45,388
Other creditors 360 423
Directors' current accounts - 600
Accruals and deferred income 38,974 101,600
113,406 151,312

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: £    £   
1 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.