REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
FOR |
AUSTRALIS ENERGY LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
FOR |
AUSTRALIS ENERGY LTD |
AUSTRALIS ENERGY LTD (REGISTERED NUMBER: 12527693) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
AUSTRALIS ENERGY LTD |
COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor |
Egerton House |
68 Baker Street |
Weybridge |
Surrey |
KT13 8AL |
AUSTRALIS ENERGY LTD (REGISTERED NUMBER: 12527693) |
BALANCE SHEET |
28 FEBRUARY 2025 |
28.2.25 | 31.3.24 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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. |
The financial statements were approved by the Board of Directors and authorised for issue on |
AUSTRALIS ENERGY LTD (REGISTERED NUMBER: 12527693) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
1. | STATUTORY INFORMATION |
Australis Energy Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The financial statements for the year ended 31 March 2023 were originally prepared in accordance with International Financial Reporting Standards, International Accounting Standards and Interpretations as adopted by the UK (collectively IFRSs). |
The comparative information for the year ended 31 March 2023 has been restated in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities". |
There have been no changes to the reported figures for the year ended 31 March 2023. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by 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. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
Investments |
Investments in joint venture are valued at cost less provision of impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2024 - |
AUSTRALIS ENERGY LTD (REGISTERED NUMBER: 12527693) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2024 TO 28 FEBRUARY 2025 |
4. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
28.2.25 | 31.3.24 |
£ | £ |
Investment in joint ventures | 168 | 168 |
Disposal of investment | (168 | ) | - |
- | 168 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 31.3.24 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.25 | 31.3.24 |
£ | £ |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.25 | 31.3.24 |
value: | £ | £ |
Ordinary | £0.01 | 2,706 | 2,706 |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 28 February 2025 and the year ended 31 March 2024: |
28.2.25 | 31.3.24 |
£ | £ |
Director |
Balance outstanding at start of period | (5,000 | ) | - |
Amounts advanced | 16,500 | - |
Amounts repaid | (11,500 | ) | (5,000 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | - | (5,000 | ) |
Director |
Balance outstanding at start of period | (5,000 | ) | - |
Amounts advanced | 16,500 | - |
Amounts repaid | (11,500 | ) | (5,000 | ) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | - | (5,000 | ) |
The above loans are interest free. |
9. | POST BALANCE SHEET EVENTS |
The members of the company have expressed their intention to appoint a liquidator after the period end to facilitate the process of a members' voluntary liquidation. |