Registration number: 14995200

Gladsmuir Operations Limited
(formerly Cobalt Operations Limited)

Profit and Loss Account for the Year Ended 31 May 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Gladsmuir Operations Limited
(formerly Cobalt Operations Limited)

(Registration number: 14995200)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Current assets
Debtors	4	1,000	1,000
Capital and reserves
Called up share capital	5	1,000	1,000
Shareholders' funds		1,000	1,000

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 5 May 2026 and signed on its behalf by:
 

Mr I J Crummack Director

Gladsmuir Operations Limited
(formerly Cobalt Operations Limited)

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The company was formerly known as Cobalt Operations Limited.

The address of its registered office is:
4th Floor
Applicon House
Exchange Street
Stockport
SK3 0EY

These financial statements were authorised for issue by the Board on 5 May 2026.

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 all the years 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 company was dormant throughout the year ended 30 June 2025. The company has not traded during the period. The company received no income and incurred no expenditure and therefore made no profit nor loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

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

Gladsmuir Operations Limited
(formerly Cobalt Operations Limited)

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4

Debtors

	2025 £	2024 £
Other debtors	1,000	1,000
	1,000	1,000

5	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	1,000	1,000	1,000	1,000

6	Parent and ultimate parent undertaking

The company's immediate parent is Cobalt Energy Operational Services Limited, incorporated in the UK.

 The ultimate controlling party is Mr I J Crummack.