REGISTERED NUMBER: 13585860 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1ST SEPTEMBER 2024 TO 30TH AUGUST 2025

FOR

OCEANDER ABODES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D Blair-Vincent

E O Lewu

REGISTERED OFFICE:

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

SR1 3AW

REGISTERED NUMBER:

13585860 (England and Wales)

ACCOUNTANTS:

Stafford Accountancy

The Yard Suite 2.2

Gill Bridge Avenue

Sunderland

Tyne and Wear

SR1 3AW

FIXED ASSETS

Tangible assets

4

2,548

3,822

CURRENT ASSETS

Debtors

5

61,494

84,970

Cash at bank

11,652

39,945

73,146

124,915

CREDITORS

Amounts falling due within one year

6

43,963

113,406

NET CURRENT ASSETS

29,183

11,509

TOTAL ASSETS LESS CURRENT LIABILITIES

31,731

15,331

PROVISIONS FOR LIABILITIES

637

726

NET ASSETS

31,094

14,605

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

31,093

14,604

SHAREHOLDERS' FUNDS

31,094

14,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th August 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th August 2026 and were signed on its behalf by:

E O Lewu - Director

1.	STATUTORY INFORMATION

Oceander abodes Ltd 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced rent aggregated from the provision of suitable temporary accommodation for vulnerable people in need.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st September 2024

and 30th August 2025

5,096

DEPRECIATION

At 1st September 2024

1,274

Charge for period

1,274

At 30th August 2025

2,548

NET BOOK VALUE

At 30th August 2025

2,548

At 31st August 2024

3,822

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,775

63,204

Amounts owed by group undertakings

19,965

17,000

VAT

495

-

Prepayments and accrued income

7,259

4,766

61,494

84,970

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9

-

Other loans

-

30,000

Amounts owed to group undertakings

39,400

31,276

Tax

2,722

(1,793

)

Social security and other taxes

(6,114

)

3,377

VAT

-

11,212

Other creditors

1,279

360

Accruals and deferred income

6,667

38,974

43,963

113,406

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

8.	OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 30 August 2025 amounted to £1,573 (2024: £1,495).

9.	RELATED PARTY DISCLOSURES

During the year the company made a loan of £2,000 (2024: £17,000) to Laundry Monster Ltd, a company under common control. An amount of £6,935 was repaid in the period.