LAURASIA ENERGY LIMITED

Company Registration Number:
10225906 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

LAURASIA ENERGY LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

LAURASIA ENERGY LIMITED

Balance sheet

As at 30 June 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 9,346,085 9,346,085
Investments: 4 74,777,045 72,110,045
Total fixed assets: 84,123,130 81,456,130
Current assets
Cash at bank and in hand:   270,315
Total current assets:   270,315
Net current assets (liabilities):   270,315
Total assets less current liabilities: 84,123,130 81,726,445
Creditors: amounts falling due after more than one year: 5 (15,956,571) (15,956,571)
Total net assets (liabilities): 68,166,559 65,769,874
Capital and reserves
Called up share capital: 24,071,120 24,071,120
Revaluation reserve:647,128,25944,461,259
Profit and loss account: (3,032,820) (2,762,505)
Shareholders funds: 68,166,559 65,769,874

The notes form part of these financial statements

LAURASIA ENERGY LIMITED

Balance sheet statements

For the year ending 30 June 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 21 March 2025
and signed on behalf of the board by:

Name: Mark Fletcher
Status: Director

The notes form part of these financial statements

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

Other accounting policies

Development costs are capitalised as an intangible asset if all of the following criteria are met: a) the technical feasibility of completing the asset so that it will be available for use or sale; b) the intention to complete the asset and use or sell it; c) the ability to use or sell the asset; d) the asset will generate probable future economic benefits and demonstrate the existence of a market or the usefulness of the asset if it is to be used internally; e) the availability of adequate technical, financial and other resources to complete the development and to use or sell it; f) the ability to measure reliably the expenditure attributable to the intangible asset.

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024 2023
Average number of employees during the period 5 7

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Intangible Assets

Total
Cost £
At 01 July 2023 9,346,085
At 30 June 2024 9,346,085
Net book value
At 30 June 2024 9,346,085
At 30 June 2023 9,346,085

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

The Company holds shares in the following companies: Scythian Oil Ltd, Laurasia Erythraen Periplus Ltd, Laurasia Adal Periplus Ltd, Laurasia Engineering Ltd, and Laurasia Consulting Ltd.

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due after more than one year note

Innogeo Ltd has provided geological analysis and engineering services in credit.

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Revaluation reserve

2024
£
Balance at 01 July 2023 44,461,259
Surplus or deficit after revaluation 2,667,000
Balance at 30 June 2024 47,128,259

LAURASIA ENERGY LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Related party transactions

Name of the related party: Innogeo Ltd
Relationship:
Contractor
Description of the Transaction: Innogeo Ltd provides geological analysis and engineering design services in credit.
£
Balance at 01 July 2023 15,956,571
Balance at 30 June 2024 15,956,571