Ocean View Studios Ltd

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

Registered number: 12255218

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		843		1,080
Tangible Assets	5		3,705		4,750

			4,548		5,830
CURRENT ASSETS
Debtors	6	54		1,523
Cash at bank and in hand		1,305		1,345

		1,359		2,868
Creditors: Amounts Falling Due Within One Year	7	(58,728 )		(56,199 )

NET CURRENT ASSETS (LIABILITIES)			(57,369 )		(53,331 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(52,821 )		(47,501 )

NET LIABILITIES			(52,821 )		(47,501 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(52,822 )		(47,502 )

SHAREHOLDERS' FUNDS			(52,821)		(47,501)

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Ocean View Studios Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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

Mr Joseph Piddington

Director

13/05/2026

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

1. General Information

Ocean View Studios Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12255218 . The registered office is Padson Farm, Folly Gate, Okehampton, Devon, EX20 3BA.

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. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. 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 sale of goods and 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.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to zero over its estimated economic life of 10 years straight line.

2.5. 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:

Plant & Machinery	15% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 November 2024	2,858

As at 31 October 2025	2,858

Amortisation
As at 1 November 2024	1,778
Provided during the period	237

As at 31 October 2025	2,015

...CONTINUED

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Ocean View Studios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

Net Book Value
As at 31 October 2025	843

As at 1 November 2024	1,080

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 November 2024	4,901	883	3,931	9,715

As at 31 October 2025	4,901	883	3,931	9,715

Depreciation
As at 1 November 2024	3,483	573	909	4,965
Provided during the period	212	78	755	1,045

As at 31 October 2025	3,695	651	1,664	6,010

Net Book Value
As at 31 October 2025	1,206	232	2,267	3,705

As at 1 November 2024	1,418	310	3,022	4,750

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	54	1,523

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	58,728	56,199

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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