smallAccCompHo_0921.xslt
01/01/2024 31/12/2024 false false false Easy Digital Filing 2020_1 14374801 business:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14374801 2024-01-01 14374801 2024-12-31 14374801 2024-01-01 2024-12-31 14374801 2023-01-01 14374801 2023-12-31 14374801 2023-01-01 2023-12-31 14374801 business:Director1 2024-01-01 2024-12-31 14374801 business:Director2 2024-01-01 2024-12-31 14374801 business:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14374801 business:FRS102 2024-01-01 2024-12-31 14374801 business:AbridgedAccounts 2024-01-01 2024-12-31 14374801 core:WithinOneYear 2024-12-31 14374801 core:WithinOneYear 2023-12-31 14374801 core:AfterOneYear 2024-12-31 14374801 core:AfterOneYear 2023-12-31 14374801 core:Goodwill 2024-01-01 2024-12-31 14374801 core:Goodwill 2024-01-01 14374801 core:Goodwill 2024-12-31 14374801 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 2024-12-31 14374801 core:IntangibleAssetsOtherThanGoodwill 2024-01-01 14374801 core:IntangibleAssetsOtherThanGoodwill 2024-12-31 14374801 core:LandBuildings 2024-01-01 2024-12-31 14374801 core:LandBuildings 2024-01-01 14374801 core:LandBuildings 2024-12-31 14374801 core:PlantMachinery 2024-01-01 2024-12-31 14374801 core:PlantMachinery 2024-01-01 14374801 core:PlantMachinery 2024-12-31 14374801 core:MotorVehicles 2024-01-01 2024-12-31 14374801 core:MotorVehicles 2024-01-01 14374801 core:MotorVehicles 2024-12-31 14374801 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 14374801 core:FurnitureFittingsToolsEquipment 2024-01-01 14374801 core:FurnitureFittingsToolsEquipment 2024-12-31 14374801 core:ComputerEquipment 2024-01-01 2024-12-31 14374801 core:ComputerEquipment 2024-01-01 14374801 core:ComputerEquipment 2024-12-31 14374801 core:ShareCapital 2023-12-31 14374801 core:ShareCapital 2024-12-31 14374801 core:SharePremium 2023-12-31 14374801 core:SharePremium 2024-12-31 14374801 core:RevaluationReserve 2023-12-31 14374801 core:RevaluationReserve 2024-12-31 14374801 core:CapitalRedemptionReserve 2023-12-31 14374801 core:CapitalRedemptionReserve 2024-12-31 14374801 core:CapitalContributionReserve 2023-12-31 14374801 core:CapitalContributionReserve 2024-12-31 14374801 core:OtherReservesSubtotal 2023-12-31 14374801 core:OtherReservesSubtotal 2024-12-31 14374801 core:RetainedEarningsAccumulatedLosses 2024-12-31 14374801 core:RetainedEarningsAccumulatedLosses 2023-12-31 iso4217:GBP xbrli:pure
Company Registration No. 14374801 (England and Wales)

OCEAN DISCOVERY YACHTS LIMITED
Financial Statements
for the Period from 01 January 2024 to 31 December 2024

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

CONTENTS | PAGE
Company Information | 2
Statement of Financial Position | 3
Notes to the Accounts | 4

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Company Information

Company Details
Company Number | 14374801
Registered Office | BISHOP FLEMING, SALT QUAY HOUSE 4 NORTH EAST QUAY SUTTON HARBOUR
| PLYMOUTH
| DEVON
| PL4 0BN
Directors
Directors who held office during the period were:
Daniel Mark Georges COUCHMAN
Nicholas Duncan COUCHMAN

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Statement of Financial Position

1234567

| Notes | 2024 |  | 2023
|  | £ |  | £
Fixed Assets |  |  |  |
Tangible assets | 5 | 3,246,199 |  | 70,899
Current Assets |  |  |  |
Debtors due |  | 8,811 |  | 4,906
Cash at bank and in hand |  | 27,301 |  | 741
|  | 36,112 |  | 5,647
Creditors |  |  |  |
Amount falling due within one year |  | (386,494) |  | (117,661)
Net Current Assets |  | (350,382) |  | (112,014)
Total Assets less current liabilities |  | 2,895,817 |  | (41,115)
Net Assets |  | 2,895,817 |  | (41,115)
Capital and Reserves |  |  |  |
Called up Share Capital |  | 2 |  | 1
Revaluation Reserve |  | 3,178,500 |  | -
Capital Redemption Reserve |  | (282,685) |  | (41,116)
Retained earnings at end of year |  | - |  | -
Shareholder funds |  | 2,895,817 |  | (41,115)

For the year ending 31/12/2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 29 July 2026
Daniel Couchman
Company Registration No. 14374801

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Notes to the Accounts

1. Statutory Information
OCEAN DISCOVERY YACHTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14374801.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Notes to the Accounts

Tangible Fixed Asset Policy
Revaluation reserveThe revaluation reserve represents the cumulative increase in the carrying amount of property, plant and equipment arising from revaluations, net of any subsequent decreases to the extent that these are not offset against prior increases for the same asset. This reserve is not distributable.Revaluation of Other property, plant and equipment 2024 £3,178,500

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 | 2
2023 | 1
4. Principal Activity
The principal activity of the company during the year is that of a boat builder.

## OCEAN DISCOVERY YACHTS LIMITED

### Financial Statements for the period ending 31 December 2024

#### Notes to the Accounts

5. Fixed Assets
|  | Plant and Machinery |  | Fixtures and Fittings |  | Total
Cost or valuation |  | £ |  | £ |  | £
At 01/01/2024 |  | 70,000 |  | 999 |  | 70,999
Additions |  | - |  | - |  | -
Disposals |  | (3,000) |  | - |  | (3,000)
Revaluation |  | 3,178,500 |  | 3,178,500 |  | 3,178,500
At 31/12/2024 |  | 3,245,500 |  | 999 |  | 3,246,499
Depreciation |  |  |  |  |  |
At 01/01/2024 |  | - |  | 100 |  | 100
Charge for the year |  | 200 |  | - |  | 200
At 31/12/2024 |  | 200 |  | 100 |  | 300
Net Book Value |  |  |  |  |  |
At 31/12/2024 |  | 3,245,300 |  | 899 |  | 3,246,199
At 31/12/2023 |  | 70,000 |  | 899 |  | 70,899