Relate AccountsProduction v2.7.3 v2.7.3 2023-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of consulting services in relation to geological activites (oil and gas). 17 June 2024 0 0 08110831 2023-12-31 08110831 2022-12-31 08110831 2021-12-31 08110831 2023-01-01 2023-12-31 08110831 2022-01-01 2022-12-31 08110831 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 08110831 uk-curr:PoundSterling 2023-01-01 2023-12-31 08110831 uk-bus:AbridgedAccounts 2023-01-01 2023-12-31 08110831 uk-core:ShareCapital 2023-12-31 08110831 uk-core:ShareCapital 2022-12-31 08110831 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08110831 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08110831 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 08110831 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 08110831 uk-bus:FRS102 2023-01-01 2023-12-31 08110831 uk-core:ParentEntities 2023-01-01 2023-12-31 08110831 uk-countries:UnitedStates 2023-01-01 2023-12-31 08110831 uk-bus:Director1 2023-01-01 2023-12-31 08110831 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 08110831
 
 
Kimmeridge Energy Management Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2023
Kimmeridge Energy Management Ltd
Company Registration Number: 08110831
ABRIDGED BALANCE SHEET
as at 31 December 2023

2023 2022
Notes £ £
 
Current Assets
Cash at bank and in hand 3,141 3,163
Creditors: amounts falling due within one year (185,738) (185,668)
───────── ─────────
Net Current Liabilities (182,597) (182,505)
───────── ─────────
Total Assets less Current Liabilities (182,597) (182,505)
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Capital and Reserves
Called up share capital 100 100
Retained earnings (182,697) (182,605)
───────── ─────────
Equity attributable to owners of the company (182,597) (182,505)
═════════ ═════════
 
The 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 17 June 2024 and signed on its behalf by
           
           
________________________________          
Dr. Neil McMahon          
Director          
           



Kimmeridge Energy Management Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2023

   
1. General Information
 
Kimmeridge Energy Management Ltd is a private company limited by shares incorporated in England within the United Kingdom. 11th Floor, 200 Aldersgate Street, London, EC1A 4HD is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared in accordance with the historical cost convention, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Going concern
 
The directors consider that the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
       
4. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
   
5. Parent company
 
The company regards Kimmeridge Energy Management Company LLC, a limited liability company incorporated in the United States of America, as its parent company.