OCEAN INDEPENDENCE UK LIMITED

Company Registration Number:
05332182 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

OCEAN INDEPENDENCE UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

OCEAN INDEPENDENCE UK LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 6,695 7,483
Investments: 4 4 4
Total fixed assets: 6,699 7,487
Current assets
Stocks: 0 0
Debtors:   54,809 70,029
Cash at bank and in hand: 20,511 8,808
Investments:   0 0
Total current assets: 75,320 78,837
Creditors: amounts falling due within one year:   (91,490) (55,094)
Net current assets (liabilities): (16,170) 23,743
Total assets less current liabilities: (9,471) 31,230
Creditors: amounts falling due after more than one year:   (31,108) (60,012)
Provision for liabilities: 0 0
Total net assets (liabilities): (40,579) (28,782)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (40,679) (28,882)
Shareholders funds: (40,579) (28,782)

The notes form part of these financial statements

OCEAN INDEPENDENCE UK LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 June 2025
and signed on behalf of the board by:

Name: Peter Paul Andreas Hurzeler
Status: Director

The notes form part of these financial statements

OCEAN INDEPENDENCE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Revenue is shown net of sales/value added tax, returns, rebates and discounts.

Tangible fixed assets and depreciation policy

Tangible Fixed assets are depreciated over their useful lives as follows: Office equipment – 33% straight line Furniture and Equipment – 20 % Straight Line Leasehold Improvements – 20% Straight Line

Other accounting policies

Taxation Taxation for the year comprises current tax and is recognised in the profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Treatment of Foreign Exchange Transactions Foreign currency transactions are recorded at the prevailing exchange rate at the date of the transaction. Monetary assets and liabilities are re-measured at the reporting period date, with exchange gains/losses recognized in the profit or loss account. Borrowings Interest bearing borrowings are recorded at fair value net of any transaction costs. They are amortised over the life of the loan, with interest paid recognised as an expense in the profit and loss account. Pension Contributions The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to the profit or loss account in the period to which they relate.

OCEAN INDEPENDENCE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 16 15

OCEAN INDEPENDENCE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 120,759
Additions 3,060
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2024 123,819
Depreciation
At 01 January 2024 113,276
Charge for year 3,848
On disposals 0
Other adjustments 0
At 31 December 2024 117,124
Net book value
At 31 December 2024 6,695
At 31 December 2023 7,483

OCEAN INDEPENDENCE UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed investments

Investments are measured at fair value initially, with changes in fair value in any equity shares that are publicly traded or those that can be accurately measured being recognised in profit or loss. Those that are not publicly traded or where fair value cannot be measure accurately are measured at cost less impairment. Interest income is recognised in income using the effective interest method. Dividends are recognised in income when receivable.