Unaudited Financial Statements

for the Year Ended 28 February 2025

for

BLUE OCEAN ASSOCIATES LIMITED

BLUE OCEAN ASSOCIATES LIMITED

Contents of the Financial Statements

for the Year Ended 28 February 2025

| Page
Company Information | 3
Balance Sheet | 4
Notes to the Financial Statements | 5

BLUE OCEAN ASSOCIATES LIMITED

Company Information

for the Year Ended 28 February 2025

DIRECTOR: | Nicholas Pike
SECRETARY: | Elemental Company Secretary Limited
REGISTERED OFFICE: | Harvest House Horizon Business Village
| 1 Brooklands Road
| Weybridge, Surrey
| KT13 0 TJ
REGISTERED NUMBER: | 10944986 (England and Wales)

BLUE OCEAN ASSOCIATES LIMITED (Registered number: 10944986)

Balance Sheet

28 February 2025

|  | 28.2.25 | 29.2.24
| Notes | £ | £
CURRENT ASSETS |  |  |
Cash in hand |  | 2 | 2
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 2 | 2
CAPITAL AND RESERVES |  |  |
Called up share capital | 4 | 2 | 2
SHAREHOLDERS' FUNDS |  | 2 | 2

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue 8 February 2026 on and were signed by:

………………………………………

Nicholas Pike - Director

The notes form part of these financial statements

BLUE OCEAN ASSOCIATES LIMITED

Notes to the Financial Statements

for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

BLUE OCEAN ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales. The company’s registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK. and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid: |  |  |
Number: | Class: | Nominal | 28.2.25 | 29.2.24
|  | value: | £ | £
2 | Ordinary shares | 1 | 2 | 2

5. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Harvest Energy Group Limited, a company registered in England and Wales. The company’s ultimate parent undertaking is Prax Group Holdings Limited, a company registered in England and Wales.

The ultimate controlling parties were Mr Winston Sanjeev Kumar Soosaipillai and Mrs Arani Soosaipillai by virtue of being joint shareholders of Prax Group Holdings Limited.

6. POST BALANCE SHEET EVENTS

State Oil Limited, previously the company’s immediate parent undertaking, entered administration on 30 June 2025. As a result, the company became an immediate subsidiary of Prax Group Limited, with Prax Group Holdings Limited identified as the ultimate parent undertaking.

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