Registration number: 05742627

OceanLand Logistics Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 4

OceanLand Logistics Limited

(Registration number: 05742627)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29	43
Current assets
Cash at bank and in hand		6,896	27,153
Creditors: Amounts falling due within one year	5	(32,707)	(26,967)
Net current (liabilities)/assets		(25,811)	186
Net (liabilities)/assets		(25,782)	229
Capital and reserves
Called up share capital		10	10
Profit and loss account		(25,792)	219
Shareholders' (deficit)/funds		(25,782)	229

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 18 November 2025
 

......................................... P R Lawrence Director

OceanLand Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% & 33% reducing balance

OceanLand Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

OceanLand Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2024	714	714
At 31 March 2025	714	714
Depreciation
At 1 April 2024	671	671
Charge for the year	14	14
At 31 March 2025	685	685
Carrying amount
At 31 March 2025	29	29
At 31 March 2024	43	43

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	288	288
Accruals and deferred income	960	1,080
Other creditors	31,459	25,599
	32,707	26,967

6	Going concern

The balance sheet shows the company to be insolvent. However, the most significant creditor is the amount owed to the director and he is satisfied that with his continuing financial support, the company has the capacity to carry on trading for the foreseeable future.