REGISTERED NUMBER: 12333178 (England and Wales)

UK TRG International Petroleum Limited

Abridged Audited Financial Statements

for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms A Aydemir

REGISTERED OFFICE:

Unit 4 Monohaus

143 Mare Street

London

E8 3FW

REGISTERED NUMBER:

12333178 (England and Wales)

AUDITORS:

Alton & Co

Chartered Accountants

& Statutory Auditors

239-241 Kennington Lane

London

SE11 5QU

FIXED ASSETS

Property, plant and equipment

4

-

35

CURRENT ASSETS

Debtors

5

6,284,585

1,876,638

Cash at bank

3,492

11,574

6,288,077

1,888,212

CREDITORS

Amounts falling due within one year

6

6,461,394

1,911,103

NET CURRENT LIABILITIES

(173,317

)

(22,891

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(173,317

)

(22,856

)

PROVISIONS FOR LIABILITIES

7

-

7

NET LIABILITIES

(173,317

)

(22,863

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(173,417

)

(22,963

)

SHAREHOLDERS' FUNDS

(173,317

)

(22,863

)

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 29 September 2025 and were signed by:

Ms A Aydemir - Director

1.	STATUTORY INFORMATION

UK TRG International Petroleum 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is derived from the ordinary trading activities of the business and is recognised when customers take delivery of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

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.

Going concern

The financial statements have been prepared on the going concern basis on the grounds that the company is assured of support from the parent company to enable it meet its obligations as and when they fall due. The accounts does not include any adjustments that may be necessary if this support is withdrawn. .

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 January 2024

206

Disposals

(206

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

171

Eliminated on disposal

(171

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

35

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,243,668

1,875,617

Deferred tax asset

40,569

-

Prepayments

348

1,021

6,284,585

1,876,638

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Payments on account

785,436

-

Trade creditors

2,983,378

213,034

Amounts owed to group undertakings

2,656,514

1,674,366

Social security and other taxes

1,338

1,413

Net wages control account

3,000

3,000

Directors' current accounts

9,252

9,414

Accrued expenses

22,476

9,876

6,461,394

1,911,103

7.	PROVISIONS FOR LIABILITIES

2023

£

Deferred tax

7

Deferred

tax

£

Balance at 1 January 2024

7

Provided during year

(40,576

)

Balance at 31 December 2024

(40,569

)

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 January 2024

(22,963

)

Deficit for the year

(150,454

)

At 31 December 2024

(173,417

)

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Altan Kemal FCA FCCA (Senior Statutory Auditor)

for and on behalf of Alton & Co

11.	RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to key management personnel of £9,252 (2023 : £9,414) at balance sheet date. No interest is charged on the balance and it is repayable on demand.

Entities with control, joint control or significant influence over the entity

£

£

2024

2023

Purchases to related parties

1,348,061

-

Sales to related parties

(39,470,764

)

(797,587

)

Trade debtors

6,243,668

1,687,510

Trade creditors

(1,348,061

)

-

Transfers from related parties

(32,497,452

)

(6,372,820

)

Transfers (to) related parties

31,515,303

4,742,574

Amount due from (to) related parties

(2,656,514

)

(1,674,366

)

Purchases to related parties

36,364,847

3,190,850

12.	PARENT COMPANY

TRG Seyahat Acentesi Turizm Anonim Sirketi : A company incorporated in Turkey is regarded as the parent company.

ULTIMATE PARENT COMPANY

The ultimate parent company is Guven Asfalt A.S: A company incorporated in Turkey.