Company Registration No. SC574375 (Scotland)
Valor Energy Group Limited
Unaudited accounts
for the year ended 31 March 2025
Valor Energy Group Limited
Unaudited accounts
Contents
Valor Energy Group Limited
Company Information
for the year ended 31 March 2025
Directors
Graeme William McNay
Dr Graeme Kenneth Speirs
Derek Stephen
Company Number
SC574375 (Scotland)
Registered Office
Suite A
1 Albyn Place
Aberdeen
Aberdeenshire
AB10 1BR
Scotland
Accountants
Granite Accountants (Aberdeen) Limited
2 Queens Road
Aberdeen
AB15 4ZT
Valor Energy Group Limited
Statement of financial position
as at 31 March 2025
Tangible assets
3,317
4,689
Investments
1,901,013
2,751,013
Debtors
3,677,392
1,734,859
Cash at bank and in hand
2,448
4,223
Creditors: amounts falling due within one year
(2,377,886)
(1,601,519)
Net current assets
1,301,954
137,563
Total assets less current liabilities
3,206,284
2,893,265
Creditors: amounts falling due after more than one year
(3,642,945)
(3,206,993)
Provisions for liabilities
Net liabilities
(437,124)
(314,430)
Called up share capital
200
200
Share premium
999,920
999,920
Profit and loss account
(1,437,244)
(1,314,550)
Shareholders' funds
(437,124)
(314,430)
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by
Derek Stephen
Director
Company Registration No. SC574375
Valor Energy Group Limited
Notes to the Accounts
for the year ended 31 March 2025
Valor Energy Group Limited is a private company, limited by shares, registered in Scotland, registration number SC574375. The registered office is Suite A, 1 Albyn Place, Aberdeen, Aberdeenshire, AB10 1BR, Scotland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which it is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
The accounts are presented in £ sterling.
The results for the year are in line with the directors' expectations given the nature of the company's activities. The company is financed by loans from a connected party and is reliant upon the trading position of its group undertakings from which it receives management fees and will receive funding if required. The directors have fully considered this in forming their going concern assessment and have prepared the accounts on a going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Investments and impairment
Interests in subsidiaries, associates and jointly controlled entities 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover represents management charges, which are recognised as services are provided.
Valor Energy Group Limited
Notes to the Accounts
for the year ended 31 March 2025
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Computer equipment
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Investments
Subsidiary undertakings
Valuation at 1 April 2024
2,751,013
Valuation at 31 March 2025
1,901,013
Amounts falling due within one year
Amounts due from group undertakings etc.
1,929,472
1,266,540
Accrued income and prepayments
2,610
5,849
Other debtors
1,038,082
458,521
Amounts falling due after more than one year
Valor Energy Group Limited
Notes to the Accounts
for the year ended 31 March 2025
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
12,731
22,644
Amounts owed to group undertakings and other participating interests
2,269,888
1,486,291
Taxes and social security
73,198
78,685
Other creditors
2,592
1,992
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Creditors: amounts falling due after more than one year
2025
2024
Amounts owed to group undertakings and other participating interests
3,642,945
3,206,993
Polymer N2 Limited, a group undertaking, is entitled to a floating charge over the whole of the property and undertaking of the company.
Polymer N4 Limited, a group undertaking, is entitled to a floating charge over the whole of the property and undertaking of the company.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
351,680
266,692
80,105
538,267
351,680
266,692
80,105
538,267
This loan is included in Other Debtors and is interest free and repayable on demand. The highest amount receivable during the year was £544,603.
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Transactions with related parties
AISUS Offshore Limited is a group undertaking. The company had an outstanding loan payable in the name of AISUS Offshore Limited of £2,269,888 (2024: £1,486,291) at the year end. This is included in amounts due to group undertakings etc. This loan is interest free and repayable on demand.
Cavitas Energy Ltd is a group undertaking. The company had an outstanding loan receivable in the name of Cavitas Energy Ltd of £1,929,472 (2024: £1,203,540) at the year end. This is included in amounts due from group undertakings etc. This loan is interest free and repayable on demand.
Polymer N2 Limited is a group undertaking. The company had outstanding loans payable in the name of Polymer N2 Limited of £3,642,945 (2024: £3,206,993) at the year end. These are included in amounts owed to group undertakings and other participating interests. Interest accrues on different tranches at rates between 12% and 15% and the balance is repayable on demand.
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Average number of employees
During the year the average number of employees was 5 (2024: 6).