SOA Energy UK Limited 09285856 Oil & Gas Exploration false 1 November 2022 09285856 2022-11-01 2023-10-31 09285856 2022-10-31 09285856 2023-10-31 09285856 2021-11-01 2022-10-31 09285856 2021-10-31 09285856 2022-10-31 09285856 frs102-bus:FRS102 2022-11-01 2023-10-31 09285856 frs102-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 09285856 frs102-bus:FullAccounts 2022-11-01 2023-10-31 09285856 frs102-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 09285856 frs102-core:ShareCapital 2021-11-01 2022-10-31 09285856 frs102-core:SharePremium 2021-11-01 2022-10-31 09285856 frs102-core:RetainedEarningsAccumulatedLosses 2022-10-31 09285856 frs102-core:ShareCapital 2022-10-31 09285856 frs102-core:SharePremium 2022-10-31 09285856 frs102-core:ShareCapital 2022-11-01 2023-10-31 09285856 frs102-core:RetainedEarningsAccumulatedLosses 2023-10-31 09285856 frs102-core:ShareCapital 2023-10-31 09285856 frs102-core:SharePremium 2023-10-31 09285856 frs102-core:CurrentFinancialInstruments 2023-10-31 09285856 frs102-core:CurrentFinancialInstruments 2022-10-31 09285856 frs102-bus:Director1 2022-11-01 2023-10-31 09285856 frs102-core:OfficeEquipment 2022-11-01 2023-10-31 09285856 frs102-core:Vehicles 2022-11-01 2023-10-31 09285856 frs102-core:OfficeEquipment 2022-10-31 09285856 frs102-core:OtherPropertyPlantEquipment 2022-10-31 09285856 frs102-core:Vehicles 2022-10-31 09285856 frs102-core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 09285856 frs102-core:OfficeEquipment 2023-10-31 09285856 frs102-core:OtherPropertyPlantEquipment 2023-10-31 09285856 frs102-core:Vehicles 2023-10-31 09285856 frs102-core:OfficeEquipment 2022-10-31 09285856 frs102-core:OtherPropertyPlantEquipment 2022-10-31 09285856 frs102-core:Vehicles 2022-10-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
09285856
SOA Energy UK Limited
Unaudited Accounts
for the year ended
31 October 2023

SOA Energy UK Limited
Statement of Change in Equity
for the year ended 31 October 2023

Retained Earnings Share Capital Share Premium Total

For the year ending 31 October 2022:
Balance brought forward (5,588,893) 667 11,526,914 5,938,688
Share issues (net fair value) 54 6,626,506 6,626,560
Profit for the period (2,094,367) (2,094,367)
Balance carried forward (7,683,260) 721 18,153,420 10,470,881

For the year ending 31 October 2023:
Balance brought forward (7,683,260) 721 18,153,420 10,470,881
Share issues (net fair value) 214 1,151,149 1,151,363
Profit for the period (467,499) (467,499)
Balance carried forward (8,150,759) 935 19,304,569 11,154,745

SOA Energy UK Limited
Balance Sheet
as at 31 October 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 4 11,361,798 16,027,487
11,361,798 16,027,487
Current assets
Debtors 5 4,790 6,634,513
Cash at bank and in hand 0 141
4,790 6,634,654
Prepayments and accrued income: 0 5,359
Creditors: amounts falling due within one year 6 (211,843) (12,196,619)
Net current assets / (liabilities) (207,053) (5,556,606)
Total assets less current liabilities 11,154,745 10,470,881
Provisions for liabilities (0) (0)
Total net assets (liabilities) 11,154,745 10,470,881
Capital and reserves
Called up share capital 935 721
Share premium account 19,304,569 18,153,420
Profit and loss account (8,150,759) (7,683,260)
Shareholders' funds 11,154,745 10,470,881

SOA Energy UK Limited
Balance Sheet
as at 31 October 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr N Moore-searson

Director


Approved by the board on 28 March 2024

Company Number: 09285856 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

1st Floor
25 Berkeley Square
Mayfair
London
W1J 6HN
England

SOA Energy UK Limited
Notes to the Accounts
for the year ended 31 October 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 25% Straight Line
Vehicles 25% Straight Line
2. Profit or loss

Profit before tax is stated after charging the following:

2023

2022
£ £

3. Employees
2023 2022
Average number of employees during the period 0 0

4. Tangible fixed assets
Office equipment Other Vehicles Total
Cost or valuation £ £ £ £
At 1 November 2022 4,794 15,953,190 98,188 16,056,172
Revaluations 0 (4,640,486) 0 (4,640,486)
At 31 October 2023 4,794 11,312,704 98,188 11,415,686
Depreciation
At 1 November 2022 4,138 0 24,547 28,685
Charge for the period 656 0 24,547 25,203
At 31 October 2023 4,794 0 49,094 53,888
Net book value
At 31 October 2023 0 11,312,704 49,094 11,361,798
At 31 October 2022 656 15,953,190 73,641 16,027,487

5. Debtors
2023 2022
£ £
Amounts owed by group undertakings and participating interests 0 6,458,294
Other debtors 4,790 176,219
4,790 6,634,513

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 148,973 23,723
Other creditors 62,870 12,172,896
211,843 12,196,619