Company No: 08906591 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Gabriel Delgado Saldivar
	Joakim Didrik Lehmkuhl
	Keith Karl Millheim
	Cameron Symonette

REGISTERED OFFICE	C/O Womble Bond Dickinson (Uk) Llp The Spark
	Draymans Way
	Newcastle Helix
	Newcastle Upon Tyne
	NE4 5DE
	United Kingdom

COMPANY NUMBER

08906591 (England and Wales)

	Note	2024		2023
		$		$
Fixed assets
Investments	3	8,921		8,921
		8,921		8,921
Creditors: amounts falling due within one year	4	( 206,226)		( 247,667)
Net current liabilities		(206,226)		(247,667)
Total assets less current liabilities		(197,305)		(238,746)
Net liabilities		( 197,305)		( 238,746)
Capital and reserves
Called-up share capital		10,000		10,000
Share premium account		14,657,496		14,657,496
Profit and loss account		( 14,864,801 )		( 14,906,242 )
Total shareholders' deficit		( 197,305)		( 238,746)

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 Profit and Loss Account has not been delivered.

The financial statements of Atlantis Offshore Limited (registered number: 08906591) were approved and authorised for issue by the Board of Directors on 23 September 2025. They were signed on its behalf by:

Joakim Didrik Lehmkuhl 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

Atlantis Offshore Limited (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 C/O Womble Bond Dickinson (Uk) Llp The Spark, Draymans Way, Newcastle Helix, Newcastle Upon Tyne, NE4 5DE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 USD which is the functional currency of the Company and rounded to the nearest $.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year	0		0

3. Fixed asset investments

	2024		2023
	$		$
Subsidiary undertakings	8,921		8,921

Investments in subsidiaries

	2024
	$
Cost
At 01 January 2024	8,921
At 31 December 2024	8,921
Carrying value at 31 December 2024	8,921
Carrying value at 31 December 2023	8,921

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 31.12.2024	Ownership 31.12.2023
Atlantis Offshore (Bahamas)	P.O. Box 63157, No 3 Office at Ordinary Old Fort Bay, Western Road, Nassau, Bahamas	Holding company	Ordinary	100.00%	100.00%

The principal activity of Atlantis Offshore Ltd (Bahamas) is a holding company for equity investments.

4. Creditors: amounts falling due within one year

	2024		2023
	$		$
Trade creditors	0		9,921
Amounts owed to related parties	179,801		177,749
Other creditors	26,425		59,997
	206,226		247,667