Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31truetrue2022-05-09trueNo description of principal activity00false SC731861 2022-05-08 SC731861 2022-05-09 2023-03-31 SC731861 2021-04-01 2022-05-08 SC731861 2023-03-31 SC731861 c:Director5 2022-05-09 2023-03-31 SC731861 d:CurrentFinancialInstruments 2023-03-31 SC731861 d:ShareCapital 2023-03-31 SC731861 c:OrdinaryShareClass1 2022-05-09 2023-03-31 SC731861 c:OrdinaryShareClass1 2023-03-31 SC731861 c:EntityHasNeverTraded 2022-05-09 2023-03-31 SC731861 c:FRS102 2022-05-09 2023-03-31 SC731861 c:AuditExempt-NoAccountantsReport 2022-05-09 2023-03-31 SC731861 c:FullAccounts 2022-05-09 2023-03-31 SC731861 c:PrivateLimitedCompanyLtd 2022-05-09 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: SC731861










APOLLO OFFSHORE ENGINEERING LIMITED








UNAUDITED


INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
APOLLO OFFSHORE ENGINEERING LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 MARCH 2023

The Company has not traded during the period. During this period, the Company received no income and incurred no expenditure and therefore made neither profit or loss.


Page 1

 
APOLLO OFFSHORE ENGINEERING LIMITED
REGISTERED NUMBER: SC731861

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
1

  
1

Total assets less current liabilities
  
 
 
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
  
1

  
1


For the period ended 31 March 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

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 Company's 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 February 2024.




G J Farmer
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 
APOLLO OFFSHORE ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Apollo Offshore Engineering Limited is a limited liability company incorporated in Scotland. The registered office is Nautilus House, 35 Waterloo Quay, Aberdeen, AB11 5BS. 

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland 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.

These financial statements cover the period from incorporation on 9 May 2022 to 31 March 2023.

 
2.2

Going concern

The company regularly monitors its funding position throughout the year to ensure that it has access to sufficient funds to meet its forecast cash requirements and the directors are satisfied that there are adequate resources in place to meet these present obligations of the company.
The funding position of the company is also dependant of the funding position of the wider GEG (Holdings) Limited group ("the group"). 
Forecasts are regularly produced to give management's best estimates of forward liquidity, leverage and forecast covenant compliance as defined in the Group's loan documentation. This is done to identify risks to liquidity and covenant compliance and to enable management to formulate appropriate and timely mitigation strategies. 
 
The directors have reviewed the most recent projections and forecasts as prepared as part of its budgeting and strategic planning process, along with assessing severe but plausible downside sensitivity scenarios and their potential impacts on Group profitability and cash generation over the same period. By completing this analysis, these projections indicate that the Group's liquidity and covenant headroom is adequate. Therefore, the directors are confident that the Group has sufficient covenant headroom as well as adequate cash resources to meet all its liabilities as they fall due over the next 12 months. For these reasons the directors consider it appropriate to prepare the Group financial statements on a going concern basis. 


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.


4.


Debtors

2023
£


Called up share capital not paid
1


Page 3

 
APOLLO OFFSHORE ENGINEERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Share capital

2023
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1


1 Ordinary share of £1 was issued during the period.


6.


Contingent liabilities

The Company is party to a group composite guarantee. At 31 March 2023, the aggregate borrowings by the group amounted to £13,738,000 (2022 - £18,787,000).


7.


Controlling party

The company's immediate parent undertaking is Global Energy (Group) Limited, a company registered in Scotland. 
The ultimate parent undertaking and controlling party is GEG Capital Investments Limited, a company registered in Scotland. 
The smallest group for which consolidated financial statements are prepared which include Apollo Offshore Engineering Limited is that of GEG (Holdings) Limited. The largest group for which consolidated financial statements are prepared is that of GEG Capital Investments Limited. 
The group financial statements can be obtained from 13 Henderson Road, Inverness, IV1 1SN. 

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