| REGISTERED NUMBER: |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| REGISTERED NUMBER: |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 11328928) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 424 Margate Road |
| Westwood |
| Ramsgate |
| Kent |
| CT12 6SJ |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 11328928) |
| BALANCE SHEET |
| 30 APRIL 2025 |
| Notes | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| RESERVES |
| Ground rent reserve | 7 |
| Lift savings reserve | 7 |
| General reserve | 7 |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 11328928) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| 1. | STATUTORY INFORMATION |
| Ocean Drive Management Company Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents service charges levied in the year. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL. |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Service charges in arrears |
| 5. | CASH AT BANK |
| £ |
| Service charge account | 16,428 |
| Lloyds business account | 8,273 |
| Savings account | 10,000 |
| All monies held at the year end ar held in trust in ring-fenced bank accounts on behalf of the lessees as per the requirements of Section 42 of the Landlord and Tenants Act 1987. |
| OCEAN DRIVE MANAGEMENT COMPANY LIMITED (REGISTERED NUMBER: 11328928) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2025 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Sundry creditors |
| Surplus credited to lessees | 14,428 |
| 7. | RESERVES |
| Income |
| and | Ground | Lift |
| expenditure | rent | savings | General |
| account | reserve | reserve | reserve | Totals |
| £ | £ | £ | £ | £ |
| Surplus for the year |
| Ground rent received in year | - | 2,751 | - | - | 2,751 |
| Expenditure in the year | - | (9 | ) | - | - | (9 | ) |
| Contribution from SC | - | - | 2,000 | 10,000 | 12,000 |
| At 30 April 2025 | 14,742 |