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Registration number: 05130091

Rsp Oil & Gas Consultants Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2024

 

Rsp Oil & Gas Consultants Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Abridged Income Statement

4

Statement of Comprehensive Income

5

Abridged Statement of Financial Position

6

Statement of Changes in Equity

7

Notes to the Unaudited Abridged Financial Statements

8 to 10

 

Rsp Oil & Gas Consultants Limited

Company Information

Director

Dr Nand Kishore Ajitsaria

Company secretary

Dr Aruna Ajitsaria

Registered office

5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN

Accountants

Sterling Associates
Chartered Certified Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN

 

Rsp Oil & Gas Consultants Limited

Director's Report for the Year Ended 31 March 2024

The director presents his report and the abridged financial statements for the year ended 31 March 2024.

Director of the company

The director who held office during the year was as follows:

Dr Nand Kishore Ajitsaria

Principal activity

The principal activity of the company is that of oil and gas consultant.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 27 December 2024
 

.........................................
Dr Nand Kishore Ajitsaria
Director

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Rsp Oil & Gas Consultants Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rsp Oil & Gas Consultants Limited for the year ended 31 March 2024 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Rsp Oil & Gas Consultants Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Rsp Oil & Gas Consultants Limited and state those matters that we have agreed to state to the Board of Directors of Rsp Oil & Gas Consultants Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rsp Oil & Gas Consultants Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rsp Oil & Gas Consultants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Rsp Oil & Gas Consultants Limited. You consider that Rsp Oil & Gas Consultants Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Rsp Oil & Gas Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Sterling Associates
Chartered Certified Accountants
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN

27 December 2024

 

Rsp Oil & Gas Consultants Limited

Abridged Income Statement for the Year Ended 31 March 2024

Note

2024
£

2023
£

Gross profit/(loss)

 

-

-

Administrative expenses

 

(5,243)

(4,189)

Other interest receivable and similar income

 

10,162

4,035

Profit/(loss) before tax

4,919

(154)

Tax on profit/(loss)

 

(390)

-

Profit/(loss) for the financial year

 

4,529

(154)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Rsp Oil & Gas Consultants Limited

Statement of Comprehensive Income for the Year Ended 31 March 2024

2024
£

2023
£

Profit/(loss) for the year

4,529

(154)

Total comprehensive income for the year

4,529

(154)

 

Rsp Oil & Gas Consultants Limited

(Registration number: 05130091)
Abridged Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

137,125

174,226

Creditors: Amounts falling due within one year

(59,845)

(92,463)

Total assets less current liabilities

 

77,280

81,763

Accruals and deferred income

 

(1,000)

(1,013)

Net assets

 

76,280

80,750

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

76,180

80,650

Shareholders' funds

 

76,280

80,750

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

All of the company’s members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 27 December 2024
 

.........................................
Dr Nand Kishore Ajitsaria
Director

 

Rsp Oil & Gas Consultants Limited

Statement of Changes in Equity for the Year Ended 31 March 2024

Share capital
£

Retained earnings
£

Total
£

At 1 April 2023

100

80,651

80,751

Profit for the year

-

4,529

4,529

Dividends

-

(9,000)

(9,000)

At 31 March 2024

100

76,180

76,280

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

101,304

101,404

Loss for the year

-

(154)

(154)

Dividends

-

(20,500)

(20,500)

At 31 March 2023

100

80,650

80,750

 

Rsp Oil & Gas Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Theobald Court
Theobald Street
Elstree
Hertfordshire
WD6 4RN
United Kingdom

These financial statements were authorised for issue by the director on 27 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Rsp Oil & Gas Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

6

Dividends

2024

2023

£

£

Interim dividend of £9,000.00 (2023 - £20,500.00) per ordinary share

9,000

20,500

 

 
 

Rsp Oil & Gas Consultants Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2024

7

Parent and ultimate parent undertaking

The ultimate controlling party is the director.