REGISTERED NUMBER: 03169565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

OSBORNE ENERGY LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A R Dyas

Mr J Puttick

REGISTERED OFFICE:

Freedom Works - The Palace Workspace

1-3 Robertson Street

Hastings

East Sussex

TN34 1HN

REGISTERED NUMBER:

03169565 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House

Glovers End

Bexhill

East Sussex

TN39 5ES

FIXED ASSETS

Tangible assets

4

108,564

134,543

Investments

5

-

1

108,564

134,544

CURRENT ASSETS

Stocks

6

42,010

120,525

Debtors

7

1,329,225

1,563,155

Cash at bank and in hand

1,218,956

2,495,591

2,590,191

4,179,271

CREDITORS

Amounts falling due within one year

8

720,260

877,132

NET CURRENT ASSETS

1,869,931

3,302,139

TOTAL ASSETS LESS CURRENT LIABILITIES

1,978,495

3,436,683

PROVISIONS FOR LIABILITIES

9

14,688

29,308

NET ASSETS

1,963,807

3,407,375

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,963,805

3,407,373

SHAREHOLDERS' FUNDS

1,963,807

3,407,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mr A R Dyas - Director

Mr J Puttick - Director

1.	STATUTORY INFORMATION

Osborne Energy Limited 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.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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. 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 each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised at cost.

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

Cost

At 1 April 2024

21,108

110,244

7,107

Additions

25,691

-

7,145

Disposals

(17,741

)

-

-

At 31 March 2025

29,058

110,244

14,252

Depreciation

At 1 April 2024

22

86,477

40

Charge for year

5,586

3,565

3,320

Eliminated on disposal

-

-

-

At 31 March 2025

5,608

90,042

3,360

Net book value

At 31 March 2025

23,450

20,202

10,892

At 31 March 2024

21,086

23,767

7,067

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

166,131

29,971

334,561

Additions

-

4,083

36,919

Disposals

(37,995

)

(22

)

(55,758

)

At 31 March 2025

128,136

34,032

315,722

Depreciation

At 1 April 2024

91,140

22,339

200,018

Charge for year

18,900

4,547

35,918

Eliminated on disposal

(28,778

)

-

(28,778

)

At 31 March 2025

81,262

26,886

207,158

Net book value

At 31 March 2025

46,874

7,146

108,564

At 31 March 2024

74,991

7,632

134,543

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

Cost

At 1 April 2024

1

Disposals

(1

)

At 31 March 2025

-

Net book value

At 31 March 2025

-

At 31 March 2024

1

6.

STOCKS

2025

2024

£

£

Stocks

34,140

114,854

Work-in-progress

7,870

5,671

42,010

120,525

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,049,787

1,017,264

Amounts owed by group undertakings

176,057

450,597

Other debtors

103,381

95,294

1,329,225

1,563,155

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

173,535

416,908

Amounts owed to group undertakings

66

-

Taxation and social security

289,773

238,661

Other creditors

256,886

221,563

720,260

877,132

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,688

29,308

Deferred

tax

£

Balance at 1 April 2024

29,308

Provided during year

(14,620

)

Balance at 31 March 2025

14,688

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,000

Ordinary

£.001

2

2

11.	ULTIMATE CONTROLLING PARTY

The company’s immediate parent is Osborne Energy Holdings Limited, a company registered in England and Wales, which holds 100% of the issued share capital. The ultimate controlling party is Mr. Raymond Osborne, who exercises control through his 100% ownership of Osborne Energy Holdings Limited