| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025 |
| FOR |
| OCEAN COUNSELLING TRAINING LLP |
| REGISTERED NUMBER: |
| REPORT OF THE MEMBERS AND |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2025 |
| FOR |
| OCEAN COUNSELLING TRAINING LLP |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 March 2025 |
| Page |
| General Information | 1 |
| Report of the Members | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| OCEAN COUNSELLING TRAINING LLP |
| GENERAL INFORMATION |
| for the Year Ended 30 March 2025 |
| DESIGNATED MEMBERS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 37 Riverside House |
| River Lawn Road |
| Tonbridge |
| Kent |
| TN9 1EP |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| REPORT OF THE MEMBERS |
| for the Year Ended 30 March 2025 |
| The members present their report with the financial statements of the LLP for the year ended 30 March 2025. |
| PRINCIPAL ACTIVITY |
| The principal activity of the LLP in the year under review was that of classroom training in counselling. |
| DESIGNATED MEMBERS |
| The designated members during the year under review were: |
| RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS |
| The profit for the year before members' remuneration and profit shares was £103,154 (2024 - £180,461 profit). |
| MEMBERS' INTERESTS |
| The members' drawing policy allows each member to draw a proportion of their profit share, subject to the cash requirements of the business. |
| A member's capital requirement is linked to their share of profit and the financing requirements of the limited liability partnership. There is no opportunity for appreciation of the capital subscribed. Just as incoming members introduce their capital at 'par', so the retiring members are repaid their capital at 'par'. |
| ON BEHALF OF THE MEMBERS: |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| INCOME STATEMENT |
| for the Year Ended 30 March 2025 |
| 30.3.25 | 30.3.24 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 103,854 | 179,947 |
| Interest payable and similar expenses | ( |
) |
| PROFIT FOR THE FINANCIAL YEAR BEFORE MEMBERS' REMUNERATION AND PROFIT SHARES AVAILABLE FOR DISCRETIONARY DIVISION AMONG MEMBERS |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| BALANCE SHEET |
| 30 March 2025 |
| 30.3.25 | 30.3.24 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
| NET ASSETS ATTRIBUTABLE TO MEMBERS |
108,791 |
108,422 |
| LOANS AND OTHER DEBTS DUE TO MEMBERS |
10 |
108,791 |
108,422 |
| TOTAL MEMBERS' INTERESTS |
| Loans and other debts due to members | 10 | 108,791 | 108,422 |
| Amounts due from members | 7 | - | (238,720 | ) |
| 108,791 | (130,298 | ) |
| The members acknowledge their responsibilities for: |
| (a) | ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP. |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| BALANCE SHEET - continued |
| 30 March 2025 |
| The financial statements were approved by the members of the LLP and authorised for issue on |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 March 2025 |
| 1. | STATUTORY INFORMATION |
| Ocean Counselling Training LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEE INFORMATION |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.3.25 | 30.3.24 |
| £ | £ |
| Depreciation - owned assets |
| 5. | INFORMATION IN RELATION TO MEMBERS |
| 30.3.25 | 30.3.24 |
| The average number of members during the year was | 3 | 4 |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 March 2025 |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Computer |
| machinery | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 31 March 2024 |
| Additions |
| At 30 March 2025 |
| DEPRECIATION |
| At 31 March 2024 |
| Charge for year |
| At 30 March 2025 |
| NET BOOK VALUE |
| At 30 March 2025 |
| At 30 March 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.25 | 30.3.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.3.25 | 30.3.24 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.3.25 | 30.3.24 |
| £ | £ |
| Bank loans |
| OCEAN COUNSELLING TRAINING LLP (REGISTERED NUMBER: OC371529) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 March 2025 |
| 10. | LOANS AND OTHER DEBTS DUE TO MEMBERS |
| 30.3.25 | 30.3.24 |
| £ | £ |
| Amounts owed to members in respect of profits | 108,791 | 108,422 |
| Falling due within one year | 108,791 | 108,422 |
| In the event of a winding up the amounts included in 'Loans and other debts due to members' will rank equally with unsecured creditors. |