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REGISTERED NUMBER: OC354408 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

FOR

OCEAN VILLAGE INNOVATION CENTRE LLP
OCEAN VILLAGE INNOVATION CENTRE LLP (REGISTERED NUMBER: OC354408)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2026










Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OCEAN VILLAGE INNOVATION CENTRE LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2026







DESIGNATED MEMBERS: The Rt Hon Lord Iliffe
The Hon Edward Iliffe
F Austin





REGISTERED OFFICE: Barn Close
Yattendon
Berkshire
RG18 0UX





REGISTERED NUMBER: OC354408 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ
Page 1
OCEAN VILLAGE INNOVATION CENTRE LLP (REGISTERED NUMBER: OC354408)

BALANCE SHEET
31ST MARCH 2026

2026 2025
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,856,622 4,856,622

CURRENT ASSETS
Debtors 5 257,168 241,893
Cash at bank 87,073 77,568
344,241 319,461
CREDITORS
Amounts falling due within one year 6 94,271 69,491
NET CURRENT ASSETS 249,970 249,970
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS
5,106,592
5,106,592

LOANS AND OTHER DEBTS DUE TO
MEMBERS
-
-

MEMBERS' OTHER INTERESTS
Capital accounts 5,762,379 5,762,379
Other reserves (655,787 ) (655,787 )
5,106,592 5,106,592

TOTAL MEMBERS' INTERESTS
Members' other interests 5,106,592 5,106,592
Amounts due from members 5 (178,821 ) (170,055 )
4,927,771 4,936,537

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31st March 2026.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The notes form part of these financial statements

Page 2 continued...
OCEAN VILLAGE INNOVATION CENTRE LLP (REGISTERED NUMBER: OC354408)

BALANCE SHEET - continued
31ST MARCH 2026


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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17th July 2026 and were signed by:





The Hon Edward Iliffe - Designated member

The notes form part of these financial statements

Page 3
OCEAN VILLAGE INNOVATION CENTRE LLP (REGISTERED NUMBER: OC354408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2026


1. STATUTORY INFORMATION

Ocean Village Innovation Centre LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

No depreciation is provided on freehold buildings. It is the LLP practice to maintain these assets in a continual state of sound repair and accordingly the members consider that the residual value will always be equal to or greater than its cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2025
and 31st March 2026 4,856,622 238,084 5,094,706
DEPRECIATION
At 1st April 2025
and 31st March 2026 - 238,084 238,084
NET BOOK VALUE
At 31st March 2026 4,856,622 - 4,856,622
At 31st March 2025 4,856,622 - 4,856,622

Page 4 continued...
OCEAN VILLAGE INNOVATION CENTRE LLP (REGISTERED NUMBER: OC354408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2026


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade debtors 78,347 71,838
Other debtors 178,821 170,055
257,168 241,893

Included within other debtors are amounts due from members of £178,821 (2025: £170,055).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026 2025
£    £   
Trade creditors 70,640 53,019
Taxation and social security 7,877 4,321
Other creditors 15,754 12,151
94,271 69,491

Page 5