Company registration number 02220184 (England and Wales)
LOMBARD OCEAN LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
LOMBARD OCEAN LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LOMBARD OCEAN LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,869
14,726
Current assets
Debtors
4
86,480
110,587
Cash at bank and in hand
283,948
233,879
370,428
344,466
Creditors: amounts falling due within one year
5
(90,030)
(76,122)
Net current assets
280,398
268,344
Total assets less current liabilities
291,267
283,070
Provisions for liabilities
-
(237)
Net assets
291,267
282,833
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
290,267
281,833
Total equity
291,267
282,833

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 9 June 2026
Mr G J Hendry
Director
Company registration number 02220184 (England and Wales)
LOMBARD OCEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 2 -
1
Accounting policies
Company information

Lombard Ocean Limited is a private company limited by shares incorporated in England and Wales. The registered office is 29 Vitesse Road, Triumph Trading Estate, Liverpool, Merseyside, L24 9BB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings and equipment
20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

LOMBARD OCEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 January 2025 and 31 December 2025
67,050
41,135
108,185
Depreciation and impairment
At 1 January 2025
65,023
28,436
93,459
Depreciation charged in the year
683
3,174
3,857
At 31 December 2025
65,706
31,610
97,316
Carrying amount
At 31 December 2025
1,344
9,525
10,869
At 31 December 2024
2,027
12,699
14,726
LOMBARD OCEAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 4 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
82,665
108,256
Other debtors
3,708
2,331
86,373
110,587
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
107
-
0
Total debtors
86,480
110,587
5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
80,940
65,408
Corporation tax
5,564
6,949
Other taxation and social security
-
0
318
Other creditors
3,526
3,447
90,030
76,122
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