REGISTERED NUMBER: 09811264 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

OCEAN WAY NAVIGATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N T Tsevdos

REGISTERED OFFICE:

83 Cambridge Street

Pimlico

London

SW1V 4PS

REGISTERED NUMBER:

09811264 (England and Wales)

ACCOUNTANTS:

George Hay & Company

Chartered Accountants

83 Cambridge Street

Pimlico

London

SW1V 4PS

FIXED ASSETS

Tangible assets

4

883

1,104

Investments

5

17,345

17,345

18,228

18,449

CURRENT ASSETS

Debtors

6

61,042

268,325

Cash at bank

408

588

61,450

268,913

CREDITORS

Amounts falling due within one year

7

10,154

54,051

NET CURRENT ASSETS

51,296

214,862

TOTAL ASSETS LESS CURRENT LIABILITIES

69,524

233,311

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

69,424

233,211

SHAREHOLDERS' FUNDS

69,524

233,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th July 2026 and were signed by:

N T Tsevdos - Director

1.	STATUTORY INFORMATION

Ocean Way Navigation 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.

Turnover

Turnover represents invoiced sales of shipping consultancy services.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Fixtures and fittings - 20% reducing balance

Computer equipment - over 3 years straight line

Financial instruments

The Company only enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Unlisted fixed asset investments are stated at historical cost less any provision for impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st November 2024

and 31st October 2025

2,694

1,449

4,143

DEPRECIATION

At 1st November 2024

1,590

1,449

3,039

Charge for year

221

-

221

At 31st October 2025

1,811

1,449

3,260

NET BOOK VALUE

At 31st October 2025

883

-

883

At 31st October 2024

1,104

-

1,104

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st November 2024

and 31st October 2025

17,345

NET BOOK VALUE

At 31st October 2025

17,345

At 31st October 2024

17,345

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

13,956

13,956

Director's current account

47,086

211,631

Tax

-

42,738

61,042

268,325

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

3,206

50,472

Accrued expenses

6,948

3,579

10,154

54,051

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

£

N T Tsevdos

Balance outstanding at start of year

211,631

186,652

Amounts advanced

27,302

221,194

Amounts repaid

(191,847

)

(196,215

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,086

211,631

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, included within debtors is an amount of £47,086 (2024: £211,631) owed by the director of the company. Interest is charged on a commercial rate on the loan and is unsecured. There are no formal terms and conditions regarding repayment of the loan. There was a loan repayment within 9 months after the year end.