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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
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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   
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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
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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.
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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
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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.
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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
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