Company registration number 14159429 (England and Wales)
Oman Green Hydrogen and Chemicals (UK) Private Limited
Financial Statements
For the period ended
31 March 2023
Pages for filing with registrar
Oman Green Hydrogen and Chemicals (UK) Private Limited
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Oman Green Hydrogen and Chemicals (UK) Private Limited
Statement Of Financial Position
As at 31 March 2023
31 March 2023
- 1 -
2023
Notes
£
£
Fixed assets
Investments
4
9,930,924
Current assets
Cash at bank and in hand
688
Creditors: amounts falling due within one year
5
(14,376)
Net current liabilities
(13,688)
Net assets
9,917,236
Capital and reserves
Called up share capital
9,931,924
Profit and loss reserves
(14,688)
Total equity
9,917,236

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 4 October 2023 and are signed on its behalf by:
Manoj Kumar Upadhyay
Director
Company registration number 14159429 (England and Wales)
Oman Green Hydrogen and Chemicals (UK) Private Limited
Statement Of Changes In Equity
For the period ended 31 March 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 8 June 2022
-
0
-
0
-
Period ended 31 March 2023:
Loss and total comprehensive income
-
(14,688)
(14,688)
Issue of share capital
9,931,924
-
9,931,924
Balance at 31 March 2023
9,931,924
(14,688)
9,917,236

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

Oman Green Hydrogen and Chemicals (UK) Private Limited
Notes To The Financial Statements
For the period ended 31 March 2023
- 3 -
1
General information

Oman Green Hydrogen and Chemicals (UK) Private Limited is a private company limited by shares incorporated in England and Wales. The registered office is Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

2
Accounting policies
2.1
Reporting period

The company is presenting information for a short period from the date of incorporation on 8 June 2022 to 31 March 2023.

2.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2.3
Going concern

Atruet 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, and have assurances from group companies that liabilities will be settled and support provided as required. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

2.4
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

2.5
Cash and cash equivalents

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

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.

 

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Oman Green Hydrogen and Chemicals (UK) Private Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2023
2
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

2.7
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

3
Employees

There were no employees in the current and preceding years.

4
Fixed asset investments
2023
£
Shares in group undertakings and participating interests
9,930,924
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 8 June 2022
-
Additions
9,930,924
At 31 March 2023
9,930,924
Carrying amount
At 31 March 2023
9,930,924
5
Creditors: amounts falling due within one year
2023
£
Trade creditors
7,836
Amounts owed to group undertakings
2,040
Other creditors
4,500
14,376
Oman Green Hydrogen and Chemicals (UK) Private Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2023
- 5 -
6
Controlling party

The company is controlled by its parent company ACME Green Hydrogen & Chemicals (UK) Private Limited, incorporated in the UK, with registered office at Dixcart House, Addlestone Road, Bourne Business Park, Addlestone, Surrey, KT15 2LE.

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