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Company Registration No. 04946049 (England and Wales)
Third Energy Onshore Limited Unaudited accounts for the period from 1 January 2024 to 31 March 2025
Third Energy Onshore Limited Unaudited accounts Contents
Page
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Third Energy Onshore Limited Company Information for the period from 1 January 2024 to 31 March 2025
Directors
Karl Yvan Farrow Glynn Gary Williams
Company Number
04946049 (England and Wales)
Registered Office
Unit R2 Eurocentre North River Road Great Yarmouth Norfolk NR30 1TE England
Accountants
Azoth Digital Accountants Jonathan Scott Hall Thorpe Road Norwich Norfolk NR1 1UH
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Third Energy Onshore Limited Statement of financial position as at 31 March 2025
2025 
2023 
Notes
£ 
£ 
Fixed assets
Investments
39,317 
39,317 
Current assets
Debtors
277,514 
134,318 
Cash at bank and in hand
81 
3,088 
277,595 
137,406 
Creditors: amounts falling due within one year
(7,046)
210,585 
Net current assets
270,549 
347,991 
Net assets
309,866 
387,308 
Capital and reserves
Called up share capital
20,640,105 
20,640,105 
Capital redemption reserve
81,678,139 
81,678,139 
Capital contribution reserve
714,826 
714,826 
Profit and loss account
(102,723,204)
(102,645,762)
Shareholders' funds
309,866 
387,308 
For the period ending 31 March 2025 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 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 of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by
Karl Yvan Farrow Director Company Registration No. 04946049
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Third Energy Onshore Limited Notes to the Accounts for the period from 1 January 2024 to 31 March 2025
1
Statutory information
Third Energy Onshore Limited is a private company, limited by shares, registered in England and Wales, registration number 04946049. The registered office is Unit R2, Eurocentre, North River Road, Great Yarmouth, Norfolk, NR30 1TE, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on the going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements. Based on the forecasts prepared the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Third Energy Onshore Limited Notes to the Accounts for the period from 1 January 2024 to 31 March 2025
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2024
39,317 
Valuation at 31 March 2025
39,317 
5
Debtors
2025 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,354 
- 
Amounts due from group undertakings etc.
268,160 
- 
277,514 
- 
Amounts falling due after more than one year
Other debtors
- 
134,318 
6
Creditors: amounts falling due within one year
2025 
2023 
£ 
£ 
VAT
7,046 
4,111 
Trade creditors
- 
2,256 
Amounts owed to group undertakings and other participating interests
- 
(220,102)
Accruals
- 
3,150 
7,046 
(210,585)
7
Average number of employees
During the period the average number of employees was 2 (2023: 2).
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