The Ocean Partnership Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 04440901

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,737		17,171

			13,737		17,171
CURRENT ASSETS
Debtors	5	207,629		274,650
Cash at bank and in hand		26,028		80,861

		233,657		355,511
Creditors: Amounts Falling Due Within One Year	6	(374,714 )		(352,765 )

NET CURRENT ASSETS (LIABILITIES)			(141,057 )		2,746

TOTAL ASSETS LESS CURRENT LIABILITIES			(127,320 )		19,917

Creditors: Amounts Falling Due After More Than One Year	7		-		(55,581 )

NET LIABILITIES			(127,320 )		(35,664 )

CAPITAL AND RESERVES
Called up share capital	8		1,176		1,176
Share premium account			88		88
Profit and Loss Account			(128,584 )		(36,928 )

SHAREHOLDERS' FUNDS			(127,320)		(35,664)

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The Ocean Partnership Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

C Mouskoundi

Director

25 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

The Ocean Partnership Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04440901 . The registered office is Warnford Court, 29 Throgmorton Street, London, EC2N 2AT.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Fixtures & Fittings	20% Reducing balance
Computer Equipment	20% Reducing balance

2.4. Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

2.5. Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2023: 12)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	4,719	73,689	78,408

As at 31 December 2024	4,719	73,689	78,408

Depreciation
As at 1 January 2024	4,461	56,776	61,237
Provided during the period	51	3,383	3,434

As at 31 December 2024	4,512	60,159	64,671

...CONTINUED

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The Ocean Partnership Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	207	13,530	13,737

As at 1 January 2024	258	16,913	17,171

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	50,657	18,642
Other debtors	156,972	256,008

	207,629	274,650

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	135	3,154
Bank loans and overdrafts	102,315	47,845
Other creditors	164,853	204,458
Taxation and social security	107,411	97,308

	374,714	352,765

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	-	55,581

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,176	1,176

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Matthew Cameron	111,143	-	(5,321 )	-	105,822

The above loan is unsecured, interest free and repayable on demand.

10. Related Party Transactions

Related party transaction exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial

Reporting Standard applicable in the UK", not to disclose related party transactions with wholly owned subsidiaries within the

group.

11. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Allied People Group Ltd . The ultimate controlling party is M Cameron due to his majority shareholding in Allied People Group Ltd.

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