Oilsearch Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02903588

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Cash at bank and in hand		271		271

		271		271
Creditors: Amounts Falling Due Within One Year	5	(29,345 )		(29,045 )

NET CURRENT ASSETS (LIABILITIES)			(29,074 )		(28,774 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(29,074 )		(28,774 )

Creditors: Amounts Falling Due After More Than One Year	6		(533,979 )		(533,979 )

NET LIABILITIES			(563,053 )		(562,753 )

CAPITAL AND RESERVES
Called up share capital	7		50,000		50,000
Profit and Loss Account			(613,053 )		(612,753 )

SHAREHOLDERS' FUNDS			(563,053)		(562,753)

Page 1

Page 2

Oilsearch Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

C I Moir

Director

8 December 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Oilsearch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02903588 . The registered office is Leonard House, 5-7 Newman Road, Bromley, Kent, BR1 1RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

20% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 July 2024	31,162

As at 30 June 2025	31,162

Depreciation
As at 1 July 2024	31,162

As at 30 June 2025	31,162

Net Book Value
As at 30 June 2025	-

As at 1 July 2024	-

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,459	2,459
Other creditors	26,886	26,586

	29,345	29,045

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Oilsearch Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	514,980	514,980
Amounts owed to group undertakings	18,999	18,999

	533,979	533,979

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	50,000	50,000

8. Related Party Transactions

Included within creditors falling due after more than one year are amounts due to the parent company totalling £18,999 (2024: £18,999).

9. Ultimate Controlling Party

The ultimate controlling party is C I Moir.