The directors of the company have elected not to include a copy of the profit and loss account or the directors report within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions of part 15 of the Companies Act 2006, relating to small companies.

Crown Energy Limited is a private company limited by shares incorporated in England and Wales. The registered office is Athenaeum House, Market Street, Bury, United Kingdom, BL9 0BL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the directors have a reasonable expectation that the truecompany has adequate resources to continue in operational existence for the foreseeable future. The directors consider that the current and forecasted levels of cash will be sufficient to meet the company's liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

In reaching this conclusion, the directors have considered the expected future performance of the company compared to its budgeted performance up to the date of signing the financial statements, the financial position of the company at the balance sheet date, the timing of repayments to related parties, and the expected future cash flows of the company in the 12 months following the date of signing the financial statements.

The directors continually monitor the company's cash reserves, and operate a central treasury function for the group, whereby cash surplus can be distributed around the group as necessary to meet current cash requirements. The company has little external debt and are able to call upon funds from related parties if required.

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Accruals and deferred income includes an element of profit margin deferred on all jobs which are incomplete at the year end based on the estimated percentage stage of completion.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

The company uses only basic financial instruments, which are initially measured at transaction price including transaction cost. Financial assets and financial liabilities are subsequently carried at amortised cost using the effective interest rate method.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

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

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The amount of margin recognised on jobs incomplete at the year end is determined by reference to the estimated stage of completion of the job based on historical data trends. Professional judgement is used to estimate the stage of completion.

The average monthly number of persons (including directors) employed by the company during the year was:

The company owned 100% of the ordinary share capital of the following subsidiary at the balance sheet date:

Obligations under finance leases are secured by way of fixed and floating charges over the assets to which they relate.

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

The rights attached to the preference shares are set out below:

The holders of the preference shares shall not be entitled to receive any preferential dividend.

On return of the assets whether in a winding up of reduction of capital, preference shareholders have the right to receive, in priority to any other class of shares, the sum of £1 on each preference share held. Any balance remaining will therefore be distributed to the ordinary shareholders in proportion to the number of ordinary shares held by them.

The holders of the preference shares shall have no right to receive notice of, or attend and vote at, any general meeting of the company.

The company may at any time redeem the preference shares either in their entirety or in part, subject to giving notice in writing to the members holding the preference shares, and the company shall pay on each preference share redeemed an amount equal to its issue price.

Accordingly, the preference shares are classified as equity.

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund. There were outstanding contributions of £nil (2024: £nil) at the year end.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company has taken advantage of the exemption in Financial Reporting Standard 102, section 33, and has not disclosed transactions with fellow group undertakings unless they have not taken place on an arms length basis. Closing balances only (with corresponding comparatives) are disclosed as set out below.

At the balance sheet date, £100 (2024: £100) was due to Crown Energy Holdings Limited, the parent of the company. This amount is interest free, unsecured and repayable on demand.

At the balance sheet date, £591,833 (2024: £15,157) was due from Gas and Electricity Connections Limited, a subsidiary of the company. This amount is interest free, unsecured and repayable on demand.

During the year the company made purchases of £846,296 (2024: £878,269) from Crown Oil Limited, a company related by common directorship. At the balance sheet date, £67,509 (2024: £168,498) was due to Crown Oil Limited. This amount is interest free, unsecured and repayable on demand.

During the year the company made purchases of £61,146 (2024: £20,002) from Exchange Utility Limited, a company related by common ultimate ownership. At the balance sheet date, £nil (2024: £nil) was due to Exchange Utility Limited. This amount is unsecured and repayable on demand.

At the balance sheet date, £nil (2024: £138) was due from AMA FIC Ltd, a company related by common directorship. This amount is unsecured and repayable on demand.

During the year the company was charged rent of £72,000 (2024: £60,000) from Crown Oil Executive Pension Fund, deemed to be under common control. At the balance sheet date, £15,000 (2024: £15,000) was due from the Crown Oil Executive Pension Fund. This amount is unsecured and repayable on demand.

The directors consider that both the immediate and ultimate parent undertaking is Crown Energy Holdings Limited. The largest and smallest group of which group accounts are drawn up is that headed by Crown Energy Holdings Limited, whose registered office is the same as that of Crown Energy Limited.

Copies of the group financial statements can be found from Companies House, Crown Way, Cardiff, CF14 3UZ.