ACCOUNTS - Final Accounts preparation

Registered number: 14968277

HYDRO CARBON OMAN LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2024

HYDRO CARBON OMAN LTD

REGISTERED NUMBER: 14968277

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2024

		2024
Note		£


Current assets
Cash at bank and in hand	4	321
		321
Creditors: amounts falling due within one year	5	(20,390)
Net current (liabilities)/assets			(20,069)
Total assets less current liabilities			(20,069)
Creditors: amounts falling due after more than one year	6		(739,987)

Net (liabilities)/assets			(760,056)

Capital and reserves
Called up share capital			1
Profit and loss account			(760,057)
			(760,056)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 September 2025.

S G Aweida

Director

The notes on pages 3 to 5 form part of these financial statements.

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HYDRO CARBON OMAN LTD

REGISTERED NUMBER: 14968277

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2024

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HYDRO CARBON OMAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

1.	General information

Hydro Carbon Oman Ltd is a private company limited by shares, incorporated in England and Wales (company registered number 14968277). The Company's registered office is 101 New Cavendish Street, 1st Floor South,London, W1W 6XH.
The financial statements are presented in Sterling, which id functional currency of the company.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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HYDRO CARBON OMAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

2.4

Development costs

The design, development and content assets which give rise to future profits of the business, as a result of online sales generated, are recorded at cost. The economic benefits are estimated to be generated over 3 years.
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the Period was 1.

4.	Cash and cash equivalents
		2024
		£

	Cash at bank and in hand	321
		321

5.	Creditors: Amounts falling due within one year
		2024
		£

	Other creditors	18,390
	Accruals and deferred income	2,000
		20,390

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HYDRO CARBON OMAN LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

6.	Creditors: Amounts falling due after more than one year
		2024
		£

	Other creditors	739,987
		739,987

7.	Share capital
		2024
		£

		Allotted, called up and fully paid

		1 Ordinary share of £1.00	1

1 Ordinary share were issued at £1.00 each at par on incorporation

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