OCEAN PRIME INDUSTRIES LTD


Directors	Jami BUCKLEY
	David Richard Trenoweth SAMPSON


Registered Address	Arquen House
	4-6 Spicer Street
	St. Albans
	AL3 4PQ


Registered Number	14306464 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		198		301
			198		301
Current assets
Debtors	4	1,470		5,352
Cash at bank and on hand		984		5,789
		2,454		11,141
Creditors amounts falling due within one year		(3,713)		(3,222)
Net current assets (liabilities)			(1,259)		7,919
Total assets less current liabilities			(1,061)		8,220
Net assets			(1,061)		8,220
Capital and reserves
Called up share capital			12		12
Profit and loss account			(1,073)		8,208
Shareholders' funds			(1,061)		8,220

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 28 May 2026, and are signed on its behalf by:

David Richard Trenoweth SAMPSON
Director
Registered Company No. 14306464

OCEAN PRIME INDUSTRIES LTD

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The Directors consider the basis to be appropriate as the Company continues to experience growth in sales subsequent to the balance sheet date. In addition, the Directors have funds to support the company to trade for a minimum of 12 months from the period end.

Going concern

The financial statements have been prepared on the going concern basis notwithstanding the fact that the company has a deficiency on shareholders' funds at the period end. The Directors consider the basis to be appropriate as the Company continues to experience growth in sales subsequent to the balance sheet date. In addition, the Directors have funds to support the company to trade for a minimum of 12 months from the period end.

	Turnover policy
	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.

	Defined contribution pension plan
	During the year, the Company operated a defined contribution pension scheme. Contributions payable to the company's pension scheme were charged to the income statement in the period to which they related.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 September 24	310	310
At 31 August 25	310	310
Depreciation and impairment
At 01 September 24	9	9
Charge for year	103	103
At 31 August 25	112	112
Net book value
At 31 August 25	198	198
At 31 August 24	301	301

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	1,253	5,352
Prepayments and accrued income	217	-
Total	1,470	5,352


	At the balance sheet date, the Director owed £916 (2024: £5,352) to the Company and this amount is included in Other Debtors. This loan is unsecured, interest-free, and repayable on demand. The highest amount outstanding during the year was £5,352 (2024: £15,010). Post year end, the Director has repaid the amount outstanding of £916 in full.