The Ocularium Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13861609

The Ocularium Ltd.

Filleted Unaudited Financial Statements

For the period ended

31 December 2024

The Ocularium Ltd.

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	142	142
Tangible assets	6	6,598	8,235
		-------	-------
		6,740	8,377

Current assets

Stocks		78,819	80,659
Debtors	7	666	2,608
Cash at bank and in hand		3,732	349
		--------	--------
		83,217	83,616

Creditors: amounts falling due within one year	8	101,661	109,534
		---------	---------
Net current liabilities		18,444	25,918
		--------	--------
Total assets less current liabilities		( 11,704)	( 17,541)
		--------	--------

Capital and reserves

Called up share capital	876	851
Share premium account	124,790	99,815
Profit and loss account	( 137,370)	( 118,207)
	---------	---------
Shareholders deficit	( 11,704)	( 17,541)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

The Ocularium Ltd.

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 October 2025 , and are signed on behalf of the board by:

E J Mason

Director

Company registration number: 13861609

The Ocularium Ltd.

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 34 Montagu Square, London, W1H 2LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% straight line
Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Intangible assets

	Patents, trademarks and licences
	£
Cost
At 1 January 2024 and 31 December 2024	142
	----
Amortisation
At 1 January 2024 and 31 December 2024	–
	----
Carrying amount
At 31 December 2024	142
	----
At 31 December 2023	142
	----

6. Tangible assets

	Fixtures and fittings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	8,316	2,145	10,461
Additions	–	750	750
	-------	-------	--------
At 31 December 2024	8,316	2,895	11,211
	-------	-------	--------
Depreciation
At 1 January 2024	1,663	563	2,226
Charge for the year	1,663	724	2,387
	-------	-------	--------
At 31 December 2024	3,326	1,287	4,613
	-------	-------	--------
Carrying amount
At 31 December 2024	4,990	1,608	6,598
	-------	-------	--------
At 31 December 2023	6,653	1,582	8,235
	-------	-------	--------

7. Debtors

	2024	2023
	£	£
Trade debtors	–	696
Other debtors	666	1,912
	----	-------
	666	2,608
	----	-------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	–	543
Trade creditors	8,800	9,760
Social security and other taxes	2,479	–
Other creditors	90,382	99,231
	---------	---------
	101,661	109,534
	---------	---------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
E J Mason	( 10,002)	–	( 10,002)
D Mason	( 1,550)	( 2,480)	( 4,030)
	--------	-------	--------
	( 11,552)	( 2,480)	( 14,032)
	--------	-------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
E J Mason	( 10,002)	–	( 10,002)
D Mason	–	( 1,550)	( 1,550)
	--------	-------	--------
	( 10,002)	( 1,550)	( 11,552)
	--------	-------	--------