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Registration number: 05301044

Leopard Oceanic Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Leopard Oceanic Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 10

Leopard Oceanic Limited

Company Information

Director | Mr J C Rood

Registered office | 25 Market Place Blandford Forum Dorset DT11 7AF

Accountants | Harney & Co Limited Chartered Certified Accountants25 Market Place Blandford Forum Dorset DT11 7AF

Leopard Oceanic Limited

(Registration number: 05301044)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 505,729 | 534,560
Current assets |  |  |
Stocks | 6 | 37,528 | 36,527
Debtors | 7 | 223,508 | 218,693
Cash at bank and in hand |  | 700,776 | 604,516
|  | 961,812 | 859,736
Creditors: Amounts falling due within one year | 8 | (233,409) | (223,416)
Net current assets |  | 728,403 | 636,320
Total assets less current liabilities |  | 1,234,132 | 1,170,880
Provisions for liabilities |  | (17,769) | (22,916)
Net assets |  | 1,216,363 | 1,147,964
Capital and reserves |  |  |
Called up share capital | 9 | 1 | 1
Retained earnings |  | 1,216,362 | 1,147,963
Shareholders' funds |  | 1,216,363 | 1,147,964

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 July 2026

......................................... Mr J C Rood Director

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25 Market Place
Blandford Forum
Dorset
DT11 7AF

These financial statements were authorised for issue by the director on 2 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the company and rounded to the nearest £1.

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Asset class | Depreciation method and rate
Freehold land and buildings | 0%
Fixtures and fittings | Reducing balance at 15%
Office equipment | Reducing balance at 25%
Motor vehicles | Reducing balance at 25%
Plant and machinery | Reducing balance at 20%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Evenly over ten years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company has basic financial instruments which are classified, measured and accounted for according to the substance of the contractual arrangement, as financial assets or financial liabilities. The company has not entered into any complex financial instruments.

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 14 (2024 - 13).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 December 2024 | 275,000 | 275,000
At 30 November 2025 | 275,000 | 275,000
Amortisation
At 1 December 2024 | 275,000 | 275,000
At 30 November 2025 | 275,000 | 275,000
Carrying amount
At 30 November 2025 | - | -

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

5 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 December 2024 | 412,506 | 6,581 | 196,787 | 34,639 | 650,513
Additions | - | 1,639 | - | - | 1,639
Disposals | - | (969) | - | - | (969)
At 30 November 2025 | 412,506 | 7,251 | 196,787 | 34,639 | 651,183
Depreciation
At 1 December 2024 | - | 3,614 | 84,176 | 28,163 | 115,953
Charge for the year | - | 870 | 28,152 | 1,294 | 30,316
Eliminated on disposal | - | (815) | - | - | (815)
At 30 November 2025 | - | 3,669 | 112,328 | 29,457 | 145,454
Carrying amount
At 30 November 2025 | 412,506 | 3,582 | 84,459 | 5,182 | 505,729
At 30 November 2024 | 412,506 | 2,967 | 112,611 | 6,476 | 534,560

Included within the net book value of land and buildings above is £412,506 (2024 - £412,506) in respect of freehold land and buildings.

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 37,528 | 36,527

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 213,419 | 208,512
Prepayments | 9,263 | 8,351
Other debtors | 826 | 1,830
| 223,508 | 218,693

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Trade creditors |  | 165,137 | 170,539
Amounts due to related parties |  | 6,271 | 9,587
Social security and other taxes |  | 7,958 | 5,237
Outstanding defined contribution pension costs |  | 426 | 189
Other payables |  | 8,203 | 3,690
Accruals |  | 6,000 | 11,865
Income tax liability |  | 39,414 | 22,309
|  | 233,409 | 223,416

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 1 | 1 | 1 | 1

Leopard Oceanic Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025 (continued)

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £13,250.00 (2024 - £15,150.00) per ordinary share |  | 13,250 |  | 15,150