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REGISTERED NUMBER: 05074920 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Oceana Services Limited

Oceana Services Limited (Registered number: 05074920)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oceana Services Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr C D Beal
Mrs J Beal
Mr T Beal





SECRETARY: Mrs J Beal





REGISTERED OFFICE: The Mexboro Arms
Whitwood Common Lane
Castleford
West Yorkshire
WF10 5PT





REGISTERED NUMBER: 05074920 (England and Wales)






Oceana Services Limited (Registered number: 05074920)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 405,262 378,925
Investment property 6 440,000 200,000
845,262 578,925

CURRENT ASSETS
Stocks 19,600 17,275
Debtors 7 181,355 230,506
Cash at bank and in hand 530,737 411,520
731,692 659,301
CREDITORS
Amounts falling due within one year 8 216,364 139,937
NET CURRENT ASSETS 515,328 519,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,360,590

1,098,289

PROVISIONS FOR LIABILITIES 56,603 39,678
NET ASSETS 1,303,987 1,058,611

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,303,887 1,058,511
SHAREHOLDERS' FUNDS 1,303,987 1,058,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Oceana Services Limited (Registered number: 05074920)

Balance Sheet - continued
31 March 2025


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by:





Mr C D Beal - Director


Oceana Services Limited (Registered number: 05074920)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Oceana Services 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised at 20% on cost over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the aquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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


Oceana Services Limited (Registered number: 05074920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 9 (2024 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 38,294
AMORTISATION
At 1 April 2024
and 31 March 2025 38,294
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Oceana Services Limited (Registered number: 05074920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 178,851 321,622 500,473
Additions - 95,929 95,929
Disposals - (51,655 ) (51,655 )
At 31 March 2025 178,851 365,896 544,747
DEPRECIATION
At 1 April 2024 - 121,548 121,548
Charge for year - 69,591 69,591
Eliminated on disposal - (51,654 ) (51,654 )
At 31 March 2025 - 139,485 139,485
NET BOOK VALUE
At 31 March 2025 178,851 226,411 405,262
At 31 March 2024 178,851 200,074 378,925

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 200,000
Additions 222,090
Revaluations 17,910
At 31 March 2025 440,000
NET BOOK VALUE
At 31 March 2025 440,000
At 31 March 2024 200,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2020 14,908
Valuation in 2021 (3,565 )
Valuation in 2025 17,910
Cost 410,747
440,000

Oceana Services Limited (Registered number: 05074920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 140,635 151,910
Other debtors 40,720 78,596
181,355 230,506

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 525 191
Taxation and social security 122,665 109,107
Other creditors 93,174 30,639
216,364 139,937

9. RELATED PARTY DISCLOSURES

Mr CD and Mrs J Beal
Directors and Shareholders

At the balance sheet date, the amount owed to/by Mr CD & Mrs J Beal was £40,665 (2024 - £18,106). The loan is Interest free and repayable on demand.

Mr T Beal
Director and Shareholder

At the balance sheet date the amount owed to Mr T Beal was £14,334 (2024 - (£74,449)).
The loan is Interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C D Beal.