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REGISTERED NUMBER: 09811264 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST OCTOBER 2025 |

| FOR |

| OCEAN WAY NAVIGATION LIMITED |

OCEAN WAY NAVIGATION LIMITED (REGISTERED NUMBER: 09811264) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| OCEAN WAY NAVIGATION LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2025

| DIRECTOR: | N T Tsevdos

| REGISTERED OFFICE: | 83 Cambridge Street

| Pimlico

| London

| SW1V 4PS

| REGISTERED NUMBER: | 09811264 (England and Wales)

| ACCOUNTANTS: | George Hay & Company

| Chartered Accountants

| 83 Cambridge Street

| Pimlico

| London

| SW1V 4PS

OCEAN WAY NAVIGATION LIMITED (REGISTERED NUMBER: 09811264) |

BALANCE SHEET

31ST OCTOBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 883 |  | 1,104 |  |

Investments | 5 | 17,345 |  | 17,345 |  |

18,228 |  | 18,449 |  |

CURRENT ASSETS

Debtors | 6 | 61,042 |  | 268,325 |  |

Cash at bank | 408 |  | 588 |  |

61,450 |  | 268,913 |  |

CREDITORS

Amounts falling due within one year | 7 | 10,154 |  | 54,051 |  |

NET CURRENT ASSETS | 51,296 |  | 214,862 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 69,524 |  | 233,311 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 69,424 |  | 233,211 |  |

SHAREHOLDERS' FUNDS | 69,524 |  | 233,311 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6th July 2026 and were signed by:

N T Tsevdos - Director

OCEAN WAY NAVIGATION LIMITED (REGISTERED NUMBER: 09811264) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

1. | STATUTORY INFORMATION

| Ocean Way Navigation Limited 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.

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 invoiced sales of shipping consultancy services.

| Tangible fixed assets

| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

| Fixtures and fittings - 20% reducing balance

| Computer equipment - over 3 years straight line

| Financial instruments

| The Company only enters into basic financial 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, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

OCEAN WAY NAVIGATION LIMITED (REGISTERED NUMBER: 09811264) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

2. | ACCOUNTING POLICIES - continued

| Investments

| Unlisted fixed asset investments are stated at historical cost less any provision for impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2024 - 1 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| and |  | Computer |

| fittings |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1st November 2024

| and 31st October 2025 | 2,694 |  | 1,449 |  | 4,143 |  |

| DEPRECIATION

| At 1st November 2024 | 1,590 |  | 1,449 |  | 3,039 |  |

| Charge for year | 221 |  | - |  | 221 |  |

| At 31st October 2025 | 1,811 |  | 1,449 |  | 3,260 |  |

| NET BOOK VALUE

| At 31st October 2025 | 883 |  | - |  | 883 |  |

| At 31st October 2024 | 1,104 |  | - |  | 1,104 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1st November 2024

| and 31st October 2025 | 17,345 |  |

| NET BOOK VALUE

| At 31st October 2025 | 17,345 |  |

| At 31st October 2024 | 17,345 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 13,956 |  | 13,956 |  |

| Director's current account | 47,086 |  | 211,631 |  |

| Tax | - |  | 42,738 |  |

61,042 |  | 268,325 |  |

OCEAN WAY NAVIGATION LIMITED (REGISTERED NUMBER: 09811264) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Tax | 3,206 |  | 50,472 |  |

| Accrued expenses | 6,948 |  | 3,579 |  |

10,154 |  | 54,051 |  |

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st October 2025 and 31st October 2024:

2025 | 2024 |

£ | £ |

| N T Tsevdos

| Balance outstanding at start of year | 211,631 |  | 186,652 |  |

| Amounts advanced | 27,302 |  | 221,194 |  |

| Amounts repaid | (191,847 | ) | (196,215 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 47,086 |  | 211,631 |  |

9. | RELATED PARTY DISCLOSURES

| At the balance sheet date, included within debtors is an amount of £47,086 (2024: £211,631) owed by the director of the company. Interest is charged on a commercial rate on the loan and is unsecured. There are no formal terms and conditions regarding repayment of the loan. There was a loan repayment within 9 months after the year end.