Ocean Polymers Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10736198

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		298,218		319,569

			298,218		319,569
CURRENT ASSETS
Cash at bank and in hand		-		11

		-		11
Creditors: Amounts Falling Due Within One Year	6	(218,415 )		(138,966 )

NET CURRENT ASSETS (LIABILITIES)			(218,415 )		(138,955 )

TOTAL ASSETS LESS CURRENT LIABILITIES			79,803		180,614

Creditors: Amounts Falling Due After More Than One Year	7		-		(68,954 )

NET ASSETS			79,803		111,660

CAPITAL AND RESERVES
Called up share capital	8		112		112
Share premium account			1,455,149		1,455,149
Profit and Loss Account			(1,375,458 )		(1,343,601 )

SHAREHOLDERS' FUNDS			79,803		111,660

Page 1

Page 2

Ocean Polymers Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 2026 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Rodger

Director

02/11/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Ocean Polymers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10736198 . The registered office is TaxAssist Accountants , 24 - 28 Brockenhurst Road, Ascot, SL5 9DL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

At the year end the company had net current liabilities. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses,which are calculated from when assets are in use.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Development costs: 5% per annum on a straight line basis

2.4. Research and Development

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

Straight line at 25%

2.6. Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Page 3

Page 4

Ocean Polymers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.8. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2.9. Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. The reported share capital constitutes the allotted, called up and fully paid share capital of the company.

Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 May 2025	456,525
Additions	1,553

As at 30 April 2026	458,078

Amortisation
As at 1 May 2025	136,956
Provided during the period	22,904

As at 30 April 2026	159,860

Net Book Value
As at 30 April 2026	298,218

As at 1 May 2025	319,569

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	84,786	13,000
Corporation tax	33	33
Other creditors	133,596	125,933

	218,415	138,966

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	68,954

Page 4

Page 5

Ocean Polymers Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
11,277 Ordinary Shares of £ 0.01 each	112	112

Page 5