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Registered number: 11817650
ARKSEN & 10% FOR THE OCEAN LTD
Unaudited Financial Statements
For The Year Ended 28 February 2025
Oliver Green 11 Business Consultants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11817650
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,014,050 1,926,100
Tangible Assets 5 6,714 31,879
Investments 6 100,000 100,000
1,120,764 2,057,979
CURRENT ASSETS
Debtors 7 599,332 3,760,273
Cash at bank and in hand 67,147 11,504
666,479 3,771,777
Creditors: Amounts Falling Due Within One Year 8 (343,166 ) (627,434 )
NET CURRENT ASSETS (LIABILITIES) 323,313 3,144,343
TOTAL ASSETS LESS CURRENT LIABILITIES 1,444,077 5,202,322
NET ASSETS 1,444,077 5,202,322
CAPITAL AND RESERVES
Called up share capital 9 75 67
Share premium account 14,982,947 14,670,512
Profit and Loss Account (13,538,945 ) (9,468,257 )
SHAREHOLDERS' FUNDS 1,444,077 5,202,322
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jasper Smith
Director
11/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
ARKSEN & 10% FOR THE OCEAN LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11817650 . The registered office is Aberdeen House , South Road, , Haywards Heath,, RH16 4NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Software, Technology and Content related to company TV channel. It is amortised to profit and loss account over its estimated economic life of 5 years. 
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% per annum straight line
Computer Equipment Straight line 25% per annum
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 6)
3 6
4. Intangible Assets
Other
£
Cost
As at 29 February 2024 3,560,250
As at 28 February 2025 3,560,250
Amortisation
As at 29 February 2024 1,634,150
Provided during the period 912,050
As at 28 February 2025 2,546,200
Net Book Value
As at 28 February 2025 1,014,050
As at 29 February 2024 1,926,100
Page 3
Page 4
5. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 29 February 2024 6,070 250,815 256,885
Additions 4,231 - 4,231
As at 28 February 2025 10,301 250,815 261,116
Depreciation
As at 29 February 2024 434 224,572 225,006
Provided during the period 3,153 26,243 29,396
As at 28 February 2025 3,587 250,815 254,402
Net Book Value
As at 28 February 2025 6,714 - 6,714
As at 29 February 2024 5,636 26,243 31,879
6. Investments
Listed
£
Cost
As at 29 February 2024 630,000
As at 28 February 2025 630,000
Provision
As at 29 February 2024 530,000
As at 28 February 2025 530,000
Net Book Value
As at 28 February 2025 100,000
As at 29 February 2024 100,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 217,714
Prepayments and accrued income 500,111 -
Other debtors 89,889 3,516,857
VAT 9,332 25,702
599,332 3,760,273
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 328,866 262,897
Other loans - 332,000
Other creditors - 6,075
Accruals and deferred income 14,300 26,462
343,166 627,434
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 75 67
Page 5