PETROLEUM POWER CO LTD

Company Registration Number:
14682011 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 22 February 2023

End date: 28 February 2024

PETROLEUM POWER CO LTD

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

PETROLEUM POWER CO LTD

Balance sheet

As at 28 February 2024


Notes

2024


£
Called up share capital not paid: 1
Fixed assets
Intangible assets: 3 197,383
Tangible assets: 4 1,087,493
Investments: 5 917,743
Total fixed assets: 2,202,619
Current assets
Stocks: 974,281
Debtors: 6 397,474
Cash at bank and in hand: 718,947
Investments:   187,383
Total current assets: 2,278,085
Creditors: amounts falling due within one year:   (28,849)
Net current assets (liabilities): 2,249,236
Total assets less current liabilities: 4,451,856
Creditors: amounts falling due after more than one year:   (19,849)
Provision for liabilities: (9,388)
Total net assets (liabilities): 4,422,619
Capital and reserves
Called up share capital: 1
Share premium account: 3,404,718
Revaluation reserve:7628,413
Other reserves: 377,413
Profit and loss account: 12,074
Shareholders funds: 4,422,619

The notes form part of these financial statements

PETROLEUM POWER CO LTD

Balance sheet statements

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 November 2024
and signed on behalf of the board by:

Name: Martin Muller
Status: Director

The notes form part of these financial statements

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

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

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024
Average number of employees during the period 13

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Intangible Assets

Total
Cost £
Additions 197,383
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2024 197,383
Net book value
At 28 February 2024 197,383

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Tangible Assets

Total
Cost £
Additions 1,087,493
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2024 1,087,493
Net book value
At 28 February 2024 1,087,493

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Fixed investments

Invesco bonds Pow 817748.8 Eft 1087489498.2 Balmal 3984.3 Fort 2008177490004 Grex 01784001.00174

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

6. Debtors

2024
£
Debtors due after more than one year: 108,389

Payments made quarterly below - 20,828 30,838 10,827 and 45896

PETROLEUM POWER CO LTD

Notes to the Financial Statements

for the Period Ended 28 February 2024

7. Revaluation reserve

2024
£
Surplus or deficit after revaluation 628,413
Balance at 28 February 2024 628,413