Company Registration No. 12943680 (England and Wales)
SALTFLEETBY ENERGY EUROPE LIMITED
Unaudited accounts
for the year ended 22 November 2024
SALTFLEETBY ENERGY EUROPE LIMITED
Unaudited accounts
Contents
SALTFLEETBY ENERGY EUROPE LIMITED
Company Information
for the year ended 22 November 2024
Company Number
12943680 (England and Wales)
Registered Office
3 LINKFIELD ROAD
ISLEWORTH
TW7 6QG
ENGLAND
SALTFLEETBY ENERGY EUROPE LIMITED
Statement of financial position
as at 22 November 2024
Intangible assets
193,076
174,701
Cash at bank and in hand
154
-
Creditors: amounts falling due within one year
(193,165)
(174,700)
Net current liabilities
(193,011)
(174,700)
Called up share capital
1
1
Profit and loss account
64
-
For the year ending 22 November 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2024 and were signed on its behalf by
Paul Forrest
Director
Company Registration No. 12943680
SALTFLEETBY ENERGY EUROPE LIMITED
Notes to the Accounts
for the year ended 22 November 2024
SALTFLEETBY ENERGY EUROPE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12943680. The registered office is 3 LINKFIELD ROAD, ISLEWORTH, TW7 6QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland, and the Company Act of 2006.
The Director has assessed the company's ability to continue as a going concern and have reasonable expectation that the company has adequate resources to continue operations for a period of at least 12 months from the date of approval of these financial statements.
Having regard to the above, the Director believe it is appropriate to adopt the going concern basis of accounting in preparing the financial statements. These financial statements do not include any adjustment that may result from any significant changes in the assumption used.
The accounts are presented in £ sterling.
All fixed assets are initially recorded at cost.
License and property acquisition cost
License and property leasehold acquisition costs are capitalised within intangible fixed assets and amortised on a straight-line basis over the estimated period of exploration. Upon determination of economically recoverable reserves amortisation ceases and the remaining cost are aggregated with exploration expenditures and held on a field-by-field basis as proved properties awaiting determination within intangible fixed assets. When development is sanctioned, the relevant expenditure is transferred to tangible production assets.
Successful efforts accounting
Oil and natural gas exploration and development is accounted for using the successful efforts method of accounting
SALTFLEETBY ENERGY EUROPE LIMITED
Notes to the Accounts
for the year ended 22 November 2024
4
Intangible fixed assets
Other
At 23 November 2023
174,701
At 22 November 2024
193,076
At 22 November 2024
193,076
At 22 November 2023
174,701
5
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
193,150
174,700
Taxes and social security
15
-
6
Transactions with related parties
As at 22 November 2024, the Company owed £193,150 (2023: £174,700) to Forum Energy Services Limited, the immediate parent of the Company.
The parent company is Forum Energy Services Limited, a company incorporated in United Kingdom, owning 100% of the share capital of the Company.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).