Petroc Energy Services Limited

Contents

Statement of Directors' Responsibilities	1
Statement of Financial Position	2
Notes to the Financial Statements	3 to 7

Petroc Energy Services Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Petroc Energy Services Limited

(Registration number: 15193561)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	5,677,768	2,265,085
Current assets
Debtors	5	837,094	5,083,944
Cash at bank and in hand		78,863	12,562
		915,957	5,096,506
Creditors: Amounts falling due within one year	6	(101,742)	(864,357)
Net current assets		814,215	4,232,149
Net assets		6,491,983	6,497,234
Capital and reserves
Called up share capital		6,500,000	6,500,000
Profit and loss account		(8,017)	(2,766)
Shareholders' funds		6,491,983	6,497,234

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 Statement of Comprehensive Income.

Approved and authorised by the Board on 18 December 2025 and signed on its behalf by:
 

Mr William Blythe Director

Petroc Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 July 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:
Petroc
Old Sticklepath Hill
Barnstaple
Devon
EX31 2BQ

Principal activity

The principal activity of the company is development of building projects and production of electricity

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 the period 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.

The financial statements are prepared in sterling which is the functional currency of the entity.

Petroc Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 9 December 2025 was Jon Marchant, who signed for and on behalf of Forvis Mazars LLP.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Key sources of estimation uncertainty

Assets under construction are accounted for at cost, based on the value of architects’ certificates and other direct costs, incurred to 31 July. They are not depreciated until they are brought into use.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Assets under construction	Not depreciated until complete

Petroc Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Petroc Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets

	Assets under construction  £	Total £
Cost or valuation
At 1 August 2024	2,265,085	2,265,085
Additions	3,412,683	3,412,683
At 31 July 2025	5,677,768	5,677,768
Depreciation
Carrying amount
At 31 July 2025	5,677,768	5,677,768
At 31 July 2024	2,265,085	2,265,085

5

Debtors

	2025 £	2024 £
Other debtors	-	22,047
Called up share capital not paid	837,094	5,061,897
	837,094	5,083,944

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	-	811,607
Amounts owed to group undertakings	97,679	50,000
Taxation and social security	1,313	-
Accruals and deferred income	2,750	2,750
	101,742	864,357

Petroc Energy Services Limited

Notes to the Financial Statements for the Year Ended 31 July 2025 (continued)

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses. The accumulated losses for the year are £8,017 ( 2024 - £2,766).

8	Capital commitments

Amounts not provided for in the statement of financial position

The total amount of capital commitments not included in the statement of financial position is £312,075 (2024 - £3,473,635).

9	Parent undertaking

The parent undertaking in which these financial statements are consolidated is Petroc, registered address Old Sticklepath Hill, Barnstaple, Devon, EX31 1BQ.