Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 02903588 C A Moir C I Moir J R Lewis true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02903588 2023-06-30 02903588 2024-06-30 02903588 2023-07-01 2024-06-30 02903588 frs-core:CurrentFinancialInstruments 2024-06-30 02903588 frs-core:Non-currentFinancialInstruments 2024-06-30 02903588 frs-core:PlantMachinery 2024-06-30 02903588 frs-core:PlantMachinery 2023-07-01 2024-06-30 02903588 frs-core:PlantMachinery 2023-06-30 02903588 frs-core:ShareCapital 2024-06-30 02903588 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 02903588 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02903588 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 02903588 frs-bus:SmallEntities 2023-07-01 2024-06-30 02903588 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 02903588 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02903588 1 2023-07-01 2024-06-30 02903588 frs-bus:Director1 2023-07-01 2024-06-30 02903588 frs-bus:Director2 2023-07-01 2024-06-30 02903588 frs-bus:CompanySecretary1 2023-07-01 2024-06-30 02903588 frs-countries:EnglandWales 2023-07-01 2024-06-30 02903588 2022-06-30 02903588 2023-06-30 02903588 2022-07-01 2023-06-30 02903588 frs-core:CurrentFinancialInstruments 2023-06-30 02903588 frs-core:Non-currentFinancialInstruments 2023-06-30 02903588 frs-core:ShareCapital 2023-06-30 02903588 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 02903588
Oilsearch Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02903588
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Cash at bank and in hand 271 271
271 271
Creditors: Amounts Falling Due Within One Year 5 (29,045 ) (28,545 )
NET CURRENT ASSETS (LIABILITIES) (28,774 ) (28,274 )
TOTAL ASSETS LESS CURRENT LIABILITIES (28,774 ) (28,274 )
Creditors: Amounts Falling Due After More Than One Year 6 (533,979 ) (533,979 )
NET LIABILITIES (562,753 ) (562,253 )
CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Profit and Loss Account (612,753 ) (612,253 )
SHAREHOLDERS' FUNDS (562,753) (562,253)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C I Moir
Director
13 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Oilsearch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02903588 . The registered office is Leonard House, 5-7 Newman Road, Bromley, Kent, BR1 1RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 31,162
As at 30 June 2024 31,162
Depreciation
As at 1 July 2023 31,162
As at 30 June 2024 31,162
Net Book Value
As at 30 June 2024 -
As at 1 July 2023 -
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,459 2,459
Other creditors 26,586 26,086
29,045 28,545
Page 3
Page 4
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans 514,980 514,980
Amounts owed to group undertakings 18,999 18,999
533,979 533,979
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
8. Related Party Transactions
Included within creditors falling due after more than one year are amounts due to the parent company totalling £18,999 (2022: £18,999).
9. Ultimate Controlling Party
The ultimate controlling party is C I Moir.
Page 4