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Registered number: 04049196
3 Oceans Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 04049196
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,581,877 6,112,129
Investments 5 100 100
11,581,977 6,112,229
CURRENT ASSETS
Debtors 6 406,746 40,000
Cash at bank and in hand 32,988 20,249
439,734 60,249
Creditors: Amounts Falling Due Within One Year 7 (1,355,305 ) (1,079,930 )
NET CURRENT ASSETS (LIABILITIES) (915,571 ) (1,019,681 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,666,406 5,092,548
Creditors: Amounts Falling Due After More Than One Year 8 (5,554,950 ) (3,161,641 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (883,439 ) (289,374 )
NET ASSETS 4,228,017 1,641,533
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 4,227,917 1,641,433
SHAREHOLDERS' FUNDS 4,228,017 1,641,533
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For the year ending 31 May 2025 the company was entitled to exemption from audit 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 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
Vijaykumar Shah
Director
28 May 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
3 Oceans Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04049196 . The registered office is 708a High Road Ssv Suites, London, N12 9QL.
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. Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Interest income
Revenue is recognised as interest accrues using the effective interest method.
2.3. 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 25% on Written Down Value
Motor Vehicles 25% on Written Down Value
2.4. Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.

Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.7. Investment in shares
Investments in unlisted company shares are recognized at cost less impairment as the fair value cannot be measured reliably. Any impairment loss in relation to the investment is recognized in the income statement.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
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4. Tangible Assets
Investment Properties Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost or Valuation
As at 1 June 2024 6,004,024 256,644 191,235 6,451,903
Additions 2,369,316 1,066 - 2,370,382
Revaluation 3,126,659 - - 3,126,659
As at 31 May 2025 11,499,999 257,710 191,235 11,948,944
Depreciation
As at 1 June 2024 - 256,107 83,667 339,774
Provided during the period - 401 26,892 27,293
As at 31 May 2025 - 256,508 110,559 367,067
Net Book Value
As at 31 May 2025 11,499,999 1,202 80,676 11,581,877
As at 1 June 2024 6,004,024 537 107,568 6,112,129
The investment properties are valued, at balance sheet date, by directors of the company based on the assessment of available market information and property condition. The directors believe that their valuation would not be materially different from the professional valuation.
5. Investments
Unlisted
£
Cost or Valuation
As at 1 June 2024 100
As at 31 May 2025 100
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 100
As at 1 June 2024 100
The company holds 100% of the ordinary shares of Rukman Limited, a company incorporated in England and Wales.
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 3,440 -
Prepayments and accrued income 395,578 2,364
Other debtors 6,957 2,742
VAT - 15,756
Amounts owed by subsidiaries - 19,138
Amounts owed by other related parties 771 -
406,746 40,000
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts - 6,917
Corporation tax - 6,142
VAT 10,892 -
Other creditors 17,050 17,050
Accruals and deferred income 6,067 3,400
Directors' loan accounts 346,921 143,884
Amounts owed to subsidiaries 68,638 -
Amounts owed to related parties 905,737 902,537
1,355,305 1,079,930
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 4,300,516 1,943,649
Other loans 36,442 -
Directors loan account 1,217,992 1,217,992
5,554,950 3,161,641
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 4,287,206 1,927,860
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10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
Included in creditors is an amount of £1,564,913 (2024: £1,361,876) owed to the directors of the company. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £905,737 (2024: £902,537) owed to the related parties of the company. The amount is interest free and repayable on demand.
Included in creditors due within one year is an amount of £68,638  (£2024: £0) owed to  its subsidiary company. The amount is interest free and receivable on demand. 
Included in debtors due within one year is an amount of £771 (2024: 0) owed from the related party of the company. The amount is interest free and receivable on demand.
Included in debtors due within one year is an amount of £0 ( 2024: £19,138) owed from its subisdiary.
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