ACCOUNTS - Final Accounts preparation



	Rich Ocean Group (UK) Limited













	Financial statements

	For the year ended 31 January 2026

	Registered number: 15725952


Rich Ocean Group (UK) Limited - Registered number:15725952

Statement of financial position

As at 31 January 2026

	2026	2026	2025	2025
Note	$	$	$	$


Current assets
Debtors	4	106,162		962
Bank and cash balances		36,823		-
		142,985		962
Creditors: amounts falling due within one year	5	(279,643)		(209,871)
Net current liabilities			(136,658)		(208,909)
Total assets less current liabilities			(136,658)		(208,909)

Net liabilities			(136,658)		(208,909)

Capital and reserves
Share capital	4	4
Profit and loss account	(136,662)	(208,913)
	(136,658)	(208,909)

The financial statements 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.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Y Kubo

Director

Date: 30 October 2026

The notes on pages 2 to 4 form part of these financial statements.

Page 1


Rich Ocean Group (UK) Limited

Notes to the financial statements

For the year ended 31 January 2026

1.	General information

The company is a private company limited by shares and is incorporated in England and Wales. The registered office and the principal place of business of the company is 2 Eastbourne Terrace, London, W2 6LG. The company registration number is 15725952.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date, the company's liabilities exceeded its assets. The company has received assurance from the parent company that it will continue to give financial support to the company for a period of at least twelve months from the date of signing of these financial statements.

On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amounts and to provide for any further liabilities which might be necessary should this basis not continue to be appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is USD.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2


Rich Ocean Group (UK) Limited

Notes to the financial statements

For the year ended 31 January 2026

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.6

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like other debtors and creditors and loans from related parties.

Employees

The average monthly number of employees, including the director, during the year was 1 (2025 - 1).

Page 3


Rich Ocean Group (UK) Limited

Notes to the financial statements

For the year ended 31 January 2026

Debtors

					2026	2025
					$	$


Amounts owed by group undertakings	104,882	-
Other debtors	-	4
Prepayments	1,280	958
	106,162	962

5.	Creditors: amounts falling due within one year
		2026	2025
		$	$

Trade creditors	22,806	1,045
Other creditors	228,196	7,798
Accruals	28,641	201,028
	279,643	209,871

6.	Contingent liabilities

The company had no contingent liabilities at 31 January 2026 or 31 January 2025.

7.	Capital commitments

The company had no capital commitments at 31 January 2026 or 31 January 2025.

8.	Controlling party

The immediate and the ultimate parent company is Mers Line Pte Ltd, a company incorporated in Singapore.

Mers Line Pte Ltd is the parent company of the smallest group of which the company is a member and for which group financial statements are prepared.

9.	Auditor's information

The auditor's report on the financial statements for the year ended 31 January 2026 was unqualified and there were no matters to which the auditor drew attention by way of emphasis.

The audit report was signed on 30 October 2026 by Thomas Allison (Senior statutory auditor) for and on behalf of Buzzacott Audit LLP (Statutory Auditor), 130 Wood Street, London, EC2V 6DL.

Page 4