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Company registration number: 10478840
Ocean City Property Ltd
Unaudited filleted financial statements
31 January 2025
Ocean City Property Ltd
Contents
Statement of financial position and notes to the financial statements
Ocean City Property Ltd
Statement of financial position
31 January 2025
2025 2024
£ £ £ £
Fixed assets 130,924 131,695
_______ _______
Current assets 6,522 1,192
Prepayments and accrued income 89 76
_______ _______
6,611 1,268
Creditors: amounts falling due within one year ( 118,968) ( 97,916)
_______ _______
Net current liabilities ( 112,357) ( 96,648)
_______ _______
Total assets less current liabilities 18,567 35,047
Creditors: amounts falling due after more than one year ( 41,439) ( 45,621)
Accruals and deferred income ( 1,728) ( 1,572)
_______ _______
Net liabilities ( 24,600) ( 12,146)
_______ _______
Capital and reserves ( 24,600) ( 12,146)
_______ _______
Notes to the financial statements
Ocean City Property Ltd
Year ended 31 January 2025
1. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2024: Nil).
2. Ultimate Holding Company
The company is a wholly owned subsidiary of Primary Asset Holdings Ltd, a company registered in England, number 11065321. It's registered office address is 2 Endeavour House, Parkway Court, Longbridge Road, Plymouth, Devon, PL6 8LR.
3. Going Concern
The company has net liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis. If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr J P Harris
Director
Company registration number: 10478840
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Plymouth Science Park, 1 Davy Road, Plymouth, Devon, PL6 8BX.