Ocean 36 Limited |
Notes to the Accounts |
for the year ended 31 December 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of property. Turnover is recognised when the sale has completed. |
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Debtors |
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Short term debtors are measured at transaction price which is usually the invoice price, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price, which is usually the invoice price. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Other debtors |
2,474,559 |
|
2,412,654 |
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4 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Taxation and social security costs |
472,850 |
|
472,850 |
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Other creditors |
433 |
|
973 |
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|
|
|
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|
473,283 |
|
473,823 |
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5 |
Other information |
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Ocean 36 Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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31 Stallard Street |
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Trowbridge |
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Wiltshire |
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BA14 9AA |