Company No: 03777822 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	4,000		6,000
Tangible assets	4	736,963		702,347
Investments	5	50,000		50,000
		790,963		758,347
Current assets
Stocks	6	1,781,162		1,619,317
Debtors	7	466,611		400,849
Cash at bank and in hand		15,959		82,362
		2,263,732		2,102,528
Creditors: amounts falling due within one year	8	( 1,060,779)		( 1,024,129)
Net current assets		1,202,953		1,078,399
Total assets less current liabilities		1,993,916		1,836,746
Creditors: amounts falling due after more than one year	9	( 27,658)		( 119,407)
Provision for liabilities		( 168,781)		( 157,954)
Net assets		1,797,477		1,559,385
Capital and reserves
Called-up share capital	10	200		200
Profit and loss account		1,797,277		1,559,185
Total shareholders' funds		1,797,477		1,559,385

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Anglo American Oil Company Ltd (registered number: 03777822) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

A G O Hildebrand Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anglo American Oil Company Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 58 Holton Road Holton Heath Trading Park, Poole, BH16 6LT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	5 years straight line
Other intangible assets	5 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery	15 % reducing balance
Vehicles	0 - 25 % reducing balance
Fixtures and fittings	15 % reducing balance
Tools and equipment	not depreciated
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		19

3. Intangible assets

	Goodwill		Other intangible assets		Total
	£		£		£
Cost
At 01 January 2024	10,000		57,787		67,787
At 31 December 2024	10,000		57,787		67,787
Accumulated amortisation
At 01 January 2024	4,000		57,787		61,787
Charge for the financial year	2,000		0		2,000
At 31 December 2024	6,000		57,787		63,787
Net book value
At 31 December 2024	4,000		0		4,000
At 31 December 2023	6,000		0		6,000

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Tools and equipment		Office equipment		Total
	£		£		£		£		£		£		£
Cost
At 01 January 2024	6,627		648,482		388,918		321,394		0		96,324		1,461,745
Additions	0		71,253		55,333		1,090		25,970		4,290		157,936
Transfers	0		( 60,000)		0		0		60,000		0		0
At 31 December 2024	6,627		659,735		444,251		322,484		85,970		100,614		1,619,681
Accumulated depreciation
At 01 January 2024	6,627		332,807		174,846		156,239		0		88,879		759,398
Charge for the financial year	0		43,097		50,626		24,910		0		4,687		123,320
At 31 December 2024	6,627		375,904		225,472		181,149		0		93,566		882,718
Net book value
At 31 December 2024	0		283,831		218,779		141,335		85,970		7,048		736,963
At 31 December 2023	0		315,675		214,072		165,155		0		7,445		702,347

5. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	50,000
At 31 December 2024	50,000
Carrying value at 31 December 2024	50,000
Carrying value at 31 December 2023	50,000

6. Stocks

	2024		2023
	£		£
Stocks	1,781,162		1,619,317

7. Debtors

	2024		2023
	£		£
Trade debtors	218,796		290,276
Other debtors	247,815		110,573
	466,611		400,849

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans and overdrafts	87,301		45,000
Trade creditors	457,070		528,458
Taxation and social security	341,654		297,128
Other creditors	174,754		153,543
	1,060,779		1,024,129

9. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	22,500		67,500
Other creditors	5,158		51,907
	27,658		119,407

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
15,000 Ordinary A shares of £ 0.01 each	150		150
5,000 Ordinary B shares of £ 0.01 each	50		50
	200		200