Silverfin false false 31/10/2025 01/11/2024 31/10/2025 Mr S R Boyd 01/12/2025 08/11/2023 Mr S Cannon 08/11/2023 MR C I Jacobson 08/11/2023 Dr T H Sheppard 08/11/2023 02 April 2026 The principal activity of the company continued to be that of oil and gas industry services. 03112481 2025-10-31 03112481 bus:Director1 2025-10-31 03112481 bus:Director2 2025-10-31 03112481 bus:Director3 2025-10-31 03112481 bus:Director4 2025-10-31 03112481 2024-10-31 03112481 core:CurrentFinancialInstruments 2025-10-31 03112481 core:CurrentFinancialInstruments 2024-10-31 03112481 core:ShareCapital 2025-10-31 03112481 core:ShareCapital 2024-10-31 03112481 core:RetainedEarningsAccumulatedLosses 2025-10-31 03112481 core:RetainedEarningsAccumulatedLosses 2024-10-31 03112481 core:FurnitureFittings 2024-10-31 03112481 core:OfficeEquipment 2024-10-31 03112481 core:FurnitureFittings 2025-10-31 03112481 core:OfficeEquipment 2025-10-31 03112481 core:CostValuation 2024-10-31 03112481 core:CostValuation 2025-10-31 03112481 bus:OrdinaryShareClass1 2025-10-31 03112481 core:WithinOneYear 2025-10-31 03112481 core:WithinOneYear 2024-10-31 03112481 core:BetweenOneFiveYears 2025-10-31 03112481 core:BetweenOneFiveYears 2024-10-31 03112481 2024-11-01 2025-10-31 03112481 bus:FilletedAccounts 2024-11-01 2025-10-31 03112481 bus:SmallEntities 2024-11-01 2025-10-31 03112481 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 03112481 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 03112481 bus:Director1 2024-11-01 2025-10-31 03112481 bus:Director2 2024-11-01 2025-10-31 03112481 bus:Director3 2024-11-01 2025-10-31 03112481 bus:Director4 2024-11-01 2025-10-31 03112481 core:FurnitureFittings 2024-11-01 2025-10-31 03112481 core:OfficeEquipment 2024-11-01 2025-10-31 03112481 2023-11-01 2024-10-31 03112481 bus:OrdinaryShareClass1 2024-11-01 2025-10-31 03112481 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 03112481 (England and Wales)

# STAG GEOLOGICAL SERVICES LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH THE REGISTRAR

STAG GEOLOGICAL SERVICES LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

Contents

STAG GEOLOGICAL SERVICES LIMITED

## BALANCE SHEET

AS AT 31 OCTOBER 2025
STAG GEOLOGICAL SERVICES LIMITED

## BALANCE SHEET (continued)

AS AT 31 OCTOBER 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 7,703 |  | 12,156
Investments | 4 | 100 |  | 100
|  | 7,803 |  | 12,256
Current assets |  |  |  |
Debtors | 5 | 1,320,835 |  | 1,840,866
Cash at bank and in hand |  | 58,907 |  | 63,472
|  | 1,379,742 |  | 1,904,338
Creditors: amounts falling due within one year | 6 | ( 2,263,623) |  | ( 2,701,080)
Net current liabilities |  | (883,881) |  | (796,742)
Total assets less current liabilities |  | (876,078) |  | (784,486)
Net liabilities |  | ( 876,078) |  | ( 784,486)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 75 |  | 100
Profit and loss account |  | ( 876,153 ) |  | ( 784,586 )
Total shareholders' deficit |  | ( 876,078) |  | ( 784,486)

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Stag Geological Services Limited (registered number: 03112481) were approved and authorised for issue by the Board of Directors on 02 April 2026. They were signed on its behalf by:

Mr S Cannon Director |

STAG GEOLOGICAL SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025
STAG GEOLOGICAL SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Stag Geological Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 Fortuna Court, Calleva Park, Aldermaston, Reading, Berkshire, RG7 8UB, United Kingdom.
The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
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 this 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.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 25 % reducing balance
Office equipment | 25 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, and amounts due from connected companies are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors,are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 11

#### 3. Tangible assets

| Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 November 2024 | 12,023 |  | 62,883 |  | 74,906
Additions | 0 |  | 2,133 |  | 2,133
Disposals | ( 3,380) |  | ( 29,307) |  | ( 32,687)
At 31 October 2025 | 8,643 |  | 35,709 |  | 44,352
Accumulated depreciation |  |  |  |  |
At 01 November 2024 | 11,462 |  | 51,288 |  | 62,750
Charge for the financial year | 140 |  | 3,282 |  | 3,422
Disposals | ( 3,273) |  | ( 26,250) |  | ( 29,523)
At 31 October 2025 | 8,329 |  | 28,320 |  | 36,649
Net book value |  |  |  |  |
At 31 October 2025 | 314 |  | 7,389 |  | 7,703
At 31 October 2024 | 561 |  | 11,595 |  | 12,156

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 November 2024 | 100
At 31 October 2025 | 100
Carrying value at 31 October 2025 | 100
Carrying value at 31 October 2024 | 100

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 860,317 |  | 1,354,818
Amounts owed by Group undertakings | 18,993 |  | 20,690
Deferred tax asset | 296,578 |  | 268,950
Other debtors | 144,947 |  | 196,408
| 1,320,835 |  | 1,840,866

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 724,959 |  | 1,064,840
Other taxation and social security | 21,507 |  | 30,438
Other creditors | 1,517,157 |  | 1,605,802
| 2,263,623 |  | 2,701,080

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
75 Ordinary shares of £ 1.00 each (2024: 100 shares of £ 1.00 each) | 75 |  | 100

On 30 September 2025 the directors passed a written resolution that the issued share capital of the Company be reduced from 100 Ordinary Shares of £1 each to 75 Ordinary Shares of £1 each, and the amount by which the share capital is so reduced be repaid to S Boyd as the holder of such shares.

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 32,800 |  | 32,800
between one and five years | 38,267 |  | 71,067
Total future minimum lease payments under non-cancellable operating leases | 71,067 |  | 103,867

#### 9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

During the year a management fee of £5,481 (2024: £38,536) was received from Stag Geological Services Pty Ltd, a 100% subsidiary. At the balance sheet date £20,229 (2024: £20,690) was owed to Stag Geological Services Limited. All transactions are considered to be at arms length.

#### 10. Secured debts

HSBC UK Bank Plc have a fixed charge over the cash deposits held on behalf of the company.