Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31falsetrue12023-11-01No description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08748930 2023-11-01 2024-10-31 08748930 2022-11-01 2023-10-31 08748930 2024-10-31 08748930 2023-10-31 08748930 c:Director1 2023-11-01 2024-10-31 08748930 d:CurrentFinancialInstruments 2024-10-31 08748930 d:CurrentFinancialInstruments 2023-10-31 08748930 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 08748930 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 08748930 d:ShareCapital 2024-10-31 08748930 d:ShareCapital 2023-10-31 08748930 d:RetainedEarningsAccumulatedLosses 2024-10-31 08748930 d:RetainedEarningsAccumulatedLosses 2023-10-31 08748930 c:FRS102 2023-11-01 2024-10-31 08748930 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 08748930 c:FullAccounts 2023-11-01 2024-10-31 08748930 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08748930 2 2023-11-01 2024-10-31 08748930 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 08748930









OCEANRISE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

 
OCEANRISE LIMITED
REGISTERED NUMBER: 08748930

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2024
2023
2023
Note
£
£
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
51,549
62,740

Creditors: amounts falling due within one year
 5 
(13,797)
(16,288)

Net current assets
  
 
 
37,752
 
 
46,452

Net assets
  
37,752
46,452


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
37,751
46,451

  
37,752
46,452


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.




L E Summers
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
OCEANRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Oceanrise Limited ("the Company") is a private company limited by shares and incoporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, London, E11 1GA. The principal activity of the Company is that of service activities.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earnings using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 2

 
OCEANRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Debtors

2024
2023
£
£


Other debtors
51,549
62,740



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
162
-

Corporation tax
8,835
11,488

Accruals and deferred income
4,800
4,800

13,797
16,288


Page 3

 
OCEANRISE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Director's benefits: Advances, credit and guarantees

Transactions and balances in respect of the period are as follows:

2024
2023
£
£
L E Summers
Balance b/f

57,989

39,827
 
Advances

33,640

42,889
 
Interest

1,169

1,023
 
Repayments

(46,000)

(25,750)
 
Total
46,798

57,989
 

Interest is charged on such balances at the HM Revenue & Customs official rate on beneficial loans. 

 
Page 4