REGISTERED NUMBER: 01401285 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

SPUR PETROLEUM (LONDON) LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M J Thorne

Mr A E Thorne

SECRETARY:

Mr M J Thorne

REGISTERED OFFICE:

Oil Terminal

Bryanstone Road

Waltham Cross

Hertfordshire

EN8 7PJ

REGISTERED NUMBER:

01401285 (England and Wales)

ACCOUNTANTS:

Trevor Jones & Partners Ltd

Unit 14

Hoddesdon Enterprise Centre

Pindar Road

Hoddesdon

Hertfordshire

EN11 0FJ

FIXED ASSETS

Tangible assets

4

230,420

163,512

Investments

5

100

100

Investment property

6

-

390,496

230,520

554,108

CURRENT ASSETS

Stocks

97,935

46,489

Debtors

7

212,858

198,316

Cash at bank and in hand

946,146

560,390

1,256,939

805,195

CREDITORS

Amounts falling due within one year

8

336,751

211,089

NET CURRENT ASSETS

920,188

594,106

TOTAL ASSETS LESS CURRENT LIABILITIES

1,150,708

1,148,214

CREDITORS

Amounts falling due after more than one year

9

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES

(15,137

)

(14,332

)

NET ASSETS

1,126,404

1,114,715

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,126,304

1,114,615

1,126,404

1,114,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by:

Mr M J Thorne - Director

1.	STATUTORY INFORMATION

Spur Petroleum (London) Ltd. 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.

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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

Turnover

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

The company's turnover derives from the sale of heating fuels to the commercial and domestic markets.

Tangible fixed assets

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

Freehold property

-

Over term of the lease (max. 50 years)

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

The company's investment property has been valued at its open market value. The valuation of the investment property is undertaken annually by the company directors with periodic external open market valuations. Any change in the value of the properties is reflected within the profit and loss account for the year.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

property

leasehold

property

£

£

£

COST

At 1 April 2024

210,608

102,637

-

Additions

-

-

74,329

Disposals

-

-

-

At 31 March 2025

210,608

102,637

74,329

DEPRECIATION

At 1 April 2024

121,487

102,637

-

Charge for year

5,265

-

7,433

Eliminated on disposal

-

-

-

At 31 March 2025

126,752

102,637

7,433

NET BOOK VALUE

At 31 March 2025

83,856

-

66,896

At 31 March 2024

89,121

-

-

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

14,113

231,014

5,983

564,355

Additions

851

34,000

-

109,180

Disposals

-

(29,000

)

-

(29,000

)

At 31 March 2025

14,964

236,014

5,983

644,535

DEPRECIATION

At 1 April 2024

12,848

158,552

5,319

400,843

Charge for year

317

19,335

133

32,483

Eliminated on disposal

-

(19,211

)

-

(19,211

)

At 31 March 2025

13,165

158,676

5,452

414,115

NET BOOK VALUE

At 31 March 2025

1,799

77,338

531

230,420

At 31 March 2024

1,265

72,462

664

163,512

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

390,496

Disposals

(390,496

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

390,496

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,780

148,573

Other debtors

71,078

49,743

212,858

198,316

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

312,341

188,093

Taxation and social security

8,711

4,764

Other creditors

5,699

8,232

336,751

211,089

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,167

19,167

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

19,167

29,167

The company has £19,167 of bank loans secured by the UK Government as part of the Bounce Back loan scheme.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M J Thorne.