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REGISTERED NUMBER: 10743404 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2025

for

Albatross Offshore Ltd

Albatross Offshore Ltd (Registered number: 10743404)

Contents of the Financial Statements
for the Year Ended 30 April 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Albatross Offshore Ltd

Company Information
for the Year Ended 30 April 2025







DIRECTORS: Mr M J Greenhow
Miss J Greenhow
Mrs J Greenhow





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





REGISTERED NUMBER: 10743404 (England and Wales)

Albatross Offshore Ltd (Registered number: 10743404)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 3,781 3,784

CURRENT ASSETS
Debtors 6 163,117 77,275
Cash at bank 48,715 97,031
211,832 174,306
CREDITORS
Amounts falling due within one year 7 19,093 37,521
NET CURRENT ASSETS 192,739 136,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,520

140,569

PROVISIONS FOR LIABILITIES 747 853
NET ASSETS 195,773 139,716

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 195,763 139,706
195,773 139,716

Albatross Offshore Ltd (Registered number: 10743404)

Balance Sheet - continued
30 April 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Mr M J Greenhow - Director


Albatross Offshore Ltd (Registered number: 10743404)

Notes to the Financial Statements
for the Year Ended 30 April 2025


1. STATUTORY INFORMATION

Albatross Offshore Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year 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.


Albatross Offshore Ltd (Registered number: 10743404)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


3. ACCOUNTING POLICIES - continued
Deferred tax
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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 2 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2024 6,511
Additions 1,564
Disposals (978 )
At 30 April 2025 7,097
DEPRECIATION
At 1 May 2024 2,727
Charge for year 1,258
Eliminated on disposal (669 )
At 30 April 2025 3,316
NET BOOK VALUE
At 30 April 2025 3,781
At 30 April 2024 3,784

Albatross Offshore Ltd (Registered number: 10743404)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 6,792 27,012
Other debtors 156,325 50,263
163,117 77,275

Included within other debtors disclosed above is a balance of £16,325 (2024 - £263) in relation to prepayments & accrued income and a balance of £140,000 (2024 - £50,000) in relation to loans.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 17,777 24,326
Other creditors 1,316 13,195
19,093 37,521

Included within other creditors disclosed above is a balance of £117 (2024 - £118) in relation to accrued expenses and a balance of £1,199 (2024 - £13,077) in relation to the Director's Loan Account.