IRIS Accounts Production v25.1.3.33 07685075 director 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076850752023-12-31076850752024-12-31076850752024-01-012024-12-31076850752022-12-31076850752023-01-012023-12-31076850752023-12-3107685075ns15:EnglandWales2024-01-012024-12-3107685075ns14:PoundSterling2024-01-012024-12-3107685075ns10:Director12024-01-012024-12-3107685075ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3107685075ns10:SmallEntities2024-01-012024-12-3107685075ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3107685075ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3107685075ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3107685075ns10:FullAccounts2024-01-012024-12-3107685075ns10:CompanySecretary12024-01-012024-12-3107685075ns10:RegisteredOffice2024-01-012024-12-3107685075ns5:CurrentFinancialInstruments2024-12-3107685075ns5:CurrentFinancialInstruments2023-12-3107685075ns5:Non-currentFinancialInstruments2024-12-3107685075ns5:Non-currentFinancialInstruments2023-12-3107685075ns5:ShareCapital2024-12-3107685075ns5:ShareCapital2023-12-3107685075ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3107685075ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3107685075ns5:RetainedEarningsAccumulatedLosses2024-12-3107685075ns5:RetainedEarningsAccumulatedLosses2023-12-3107685075ns5:PlantMachinery2024-01-012024-12-3107685075ns5:FurnitureFittings2024-01-012024-12-3107685075ns5:MotorVehicles2024-01-012024-12-3107685075ns5:PlantMachinery2023-12-3107685075ns5:FurnitureFittings2023-12-3107685075ns5:MotorVehicles2023-12-3107685075ns5:ComputerEquipment2023-12-3107685075ns5:ComputerEquipment2024-01-012024-12-3107685075ns5:PlantMachinery2024-12-3107685075ns5:FurnitureFittings2024-12-3107685075ns5:MotorVehicles2024-12-3107685075ns5:ComputerEquipment2024-12-3107685075ns5:PlantMachinery2023-12-3107685075ns5:FurnitureFittings2023-12-3107685075ns5:MotorVehicles2023-12-3107685075ns5:ComputerEquipment2023-12-3107685075ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3107685075ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3107685075ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3107685075ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3107685075ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3107685075ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107685075ns5:Secured2024-12-3107685075ns5:Secured2023-12-3107685075ns5:RetainedEarningsAccumulatedLosses2023-12-3107685075ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3107685075ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 07685075 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OCEAN QUAY INVESTMENTS LIMITED

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 10

OCEAN QUAY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: B Davies





SECRETARY: Z R French





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 07685075 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 75,961 116,434
Investment property 5 7,380,727 7,380,727
7,456,688 7,497,161

CURRENT ASSETS
Stocks 10,000 20,000
Debtors 6 23,103 37,534
Cash at bank and in hand 45,155 81,262
78,258 138,796
CREDITORS
Amounts falling due within one year 7 584,407 653,687
NET CURRENT LIABILITIES (506,149 ) (514,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,950,539

6,982,270

CREDITORS
Amounts falling due after more than one
year

8

(1,002,709

)

(1,176,951

)

PROVISIONS FOR LIABILITIES (901,915 ) (912,034 )
NET ASSETS 5,045,915 4,893,285

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

BALANCE SHEET - continued
31 DECEMBER 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Other reserve - revaluation 10 3,157,386 3,157,386
Retained earnings 10 1,888,329 1,735,699
SHAREHOLDERS' FUNDS 5,045,915 4,893,285

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

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

The director acknowledges his 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.

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 director and authorised for issue on 17 June 2025 and were signed by:





B Davies - Director


OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Ocean Quay Investments Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable during the year, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

Investment property
As required by FRS102 Section 1A investment property is included in the financial statements at fair value.
Any surplus (or deficit) is included in the accounts as a non distributable reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2023 - 2 ) .

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 166,843 4,094 95,155 5,843 271,935
DEPRECIATION
At 1 January 2024 97,986 4,094 47,578 5,843 155,501
Charge for year 16,684 - 23,789 - 40,473
At 31 December 2024 114,670 4,094 71,367 5,843 195,974
NET BOOK VALUE
At 31 December 2024 52,173 - 23,788 - 75,961
At 31 December 2023 68,857 - 47,577 - 116,434

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 95,155
DEPRECIATION
At 1 January 2024 47,578
Charge for year 23,789
At 31 December 2024 71,367
NET BOOK VALUE
At 31 December 2024 23,788
At 31 December 2023 47,577

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 7,380,727
NET BOOK VALUE
At 31 December 2024 7,380,727
At 31 December 2023 7,380,727

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2016 1,158,117
Valuation in 2020 2,882,195
Cost 3,340,415
7,380,727

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,340,415 3,340,415

Investment properties were valued on an open market basis on 4 December 2020 by chartered surveyors Savills (UK) Limited .

The director does not consider the current value of the property to be materially different from the value shown in the accounts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 511 7,028
Other debtors 22,592 30,506
23,103 37,534

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 193,806 224,965
Hire purchase contracts 16,402 16,458
Trade creditors 7,426 45,147
Amounts owed to group undertakings 209,694 209,694
Taxation and social security 82,976 80,555
Other creditors 74,103 76,868
584,407 653,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 971,781 1,129,621
Hire purchase contracts 30,928 47,330
1,002,709 1,176,951

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 75,623 371,331

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,165,587 1,354,586
Hire purchase contracts 47,330 63,788
1,212,917 1,418,374

OCEAN QUAY INVESTMENTS LIMITED (REGISTERED NUMBER: 0768

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. RESERVES
Other
Retained reserve -
earnings revaluation Totals
£    £    £   

At 1 January 2024 1,735,699 3,157,386 4,893,085
Profit for the year 152,630 152,630
At 31 December 2024 1,888,329 3,157,386 5,045,715

11. CONTINGENT LIABILITIES

There is a contingent liability amounting to £50,514 (2023 - £94,514) in respect of a loan to the parent company, Ocean Quay Property Company Limited which has been cross guaranteed by Ocean Quay Investments Limited.

12. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH GROUP COMPANIES

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to group companies at the balance sheet date amounted to £209,694 (2023 - £209,694).

TRANSACTIONS WITH COMPANIES UNDER COMMON OWNERSHIP

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from companies under common ownership at the balance sheet date amounted to £12,074 (2023 - £19,247) and owed to those companies £5,760 (2023 £Nil).

13. CONTROLLING PARTY

The company's parent company is Ocean Quay Property Company Ltd, a company incorporated in England and Wales (number 07881484).

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
OCEAN QUAY INVESTMENTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ocean Quay Investments Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ocean Quay Investments Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ocean Quay Investments Limited and state those matters that we have agreed to state to the director of Ocean Quay Investments Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ocean Quay Investments Limited and its director for our work or for this report.

It is your duty to ensure that Ocean Quay Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ocean Quay Investments Limited. You consider that Ocean Quay Investments 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 financial statements of Ocean Quay Investments 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 financial statements.






Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE


17 June 2025