Registration number: SC575018

Offshore Projects Alliance Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Offshore Projects Alliance Ltd

(Registration number: SC575018)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	68,587	92,124
Current assets
Debtors	5	2,345,675	1,703,764
Cash at bank and in hand		306,067	79,838
		2,651,742	1,783,602
Creditors: Amounts falling due within one year	6	(1,825,386)	(1,104,180)
Net current assets		826,356	679,422
Total assets less current liabilities		894,943	771,546
Provisions for liabilities		(17,147)	(23,031)
Net assets		877,796	748,515
Capital and reserves
Called up share capital		400	400
Retained earnings		877,396	748,115
Shareholders' funds		877,796	748,515

For the financial year ending 31 August 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

......................................... Mr G Munachen Director

Offshore Projects Alliance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Offshore Projects Alliance Ltd
431 Union Street
The Capitol
Aberdeen
AB11 6DA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included within other debtors.

Offshore Projects Alliance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and computer equipment	straight line over 4 years/straight line over 3 years
Plant and equipment	25% reducing balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

Offshore Projects Alliance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Fixtures, fittings and computer equipment  £	Plant and equipment £	Total £
Cost or valuation
At 1 September 2024	7,269	157,447	164,716
Additions	59	-	59
At 31 August 2025	7,328	157,447	164,775
Depreciation
At 1 September 2024	5,065	67,527	72,592
Charge for the year	1,116	22,480	23,596
At 31 August 2025	6,181	90,007	96,188
Carrying amount
At 31 August 2025	1,147	67,440	68,587
At 31 August 2024	2,204	89,920	92,124

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		1,402,396	504,810
Amounts owed by related parties		925,175	1,125,000
Other debtors		18,104	73,954
		2,345,675	1,703,764

Offshore Projects Alliance Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loan		867	10,681
Trade creditors		79,601	83,740
Amounts owed to participating interests		875,000	725,000
Taxation and social security		58,396	449
Other creditors		811,522	284,310
		1,825,386	1,104,180