IRONSTONE ENERGY LIMITED

Company Registration Number:
14502440 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 23 November 2022

End date: 31 March 2024

IRONSTONE ENERGY LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IRONSTONE ENERGY LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The director shown below has held office during the period of
22 August 2023 to 31 March 2024

S Beveridge


The director shown below has held office during the period of
20 February 2023 to 31 March 2024

C Mills


The director shown below has held office during the whole of the period from
23 November 2022 to 31 March 2024

P Lukas


The director shown below has held office during the period of
23 November 2022 to 30 April 2023

H Rai


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
9 August 2024

And signed on behalf of the board by:
Name: S Beveridge
Status: Director

IRONSTONE ENERGY LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

16 months to 31 March 2024


£
Turnover: 0
Cost of sales: 0
Gross profit(or loss): 0
Distribution costs: 0
Administrative expenses: 0
Other operating income: 0
Operating profit(or loss): 0
Interest payable and similar charges: ( 27,973 )
Profit(or loss) before tax: (27,973)
Profit(or loss) for the financial year: (27,973)

IRONSTONE ENERGY LIMITED

Balance sheet

As at 31 March 2024

Notes 16 months to 31 March 2024


£
Called up share capital not paid: 0
Current assets
Debtors: 3 492,910
Cash at bank and in hand: 7,628
Total current assets: 500,538
Creditors: amounts falling due within one year: 4 ( 528,510 )
Net current assets (liabilities): (27,972)
Total assets less current liabilities: (27,972)
Total net assets (liabilities): (27,972)
Capital and reserves
Called up share capital: 1
Profit and loss account: (27,973 )
Total Shareholders' funds: ( 27,972 )

The notes form part of these financial statements

IRONSTONE ENERGY LIMITED

Balance sheet statements

For the year ending 31 March 2024 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.

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

This report was approved by the board of directors on 9 August 2024
and signed on behalf of the board by:

Name: S Beveridge
Status: Director

The notes form part of these financial statements

IRONSTONE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    2.2 Finance costs Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. 2.3 Debtors Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. 2.4 Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. 2.5 Creditors Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

IRONSTONE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    16 months to 31 March 2024
    Average number of employees during the period 0

IRONSTONE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Debtors

16 months to 31 March 2024
£
Other debtors 492,910
Total 492,910

IRONSTONE ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due within one year note

16 months to 31 March 2024
£
Other creditors 528,510
Total 528,510