IRIS Accounts Production v26.1.10.61 05359248 director 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05359248 2024-02-29 05359248 2025-02-28 05359248 2024-03-01 2025-02-28 05359248 2023-02-28 05359248 2023-03-01 2024-02-29 05359248 2024-02-29 05359248 ns15:EnglandWales 2024-03-01 2025-02-28 05359248 ns14:PoundSterling 2024-03-01 2025-02-28 05359248 ns10:Director1 2024-03-01 2025-02-28 05359248 ns10:PublicLimitedCompanyPLC 2024-03-01 2025-02-28 05359248 ns10:SmallEntities 2024-03-01 2025-02-28 05359248 ns10:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05359248 ns10:SmallCompaniesRegimeForDirectorsReport 2024-03-01 2025-02-28 05359248 ns10:SmallCompaniesRegimeForAccounts 2024-03-01 2025-02-28 05359248 ns10:FullAccounts 2024-03-01 2025-02-28 05359248 1 2024-03-01 2025-02-28 05359248 ns10:RegisteredOffice 2024-03-01 2025-02-28 05359248 ns5:CurrentFinancialInstruments 2025-02-28 05359248 ns5:CurrentFinancialInstruments 2024-02-29 05359248 ns5:ShareCapital 2025-02-28 05359248 ns5:ShareCapital 2024-02-29 05359248 ns5:SharePremium 2025-02-28 05359248 ns5:SharePremium 2024-02-29 05359248 ns5:RetainedEarningsAccumulatedLosses 2025-02-28 05359248 ns5:RetainedEarningsAccumulatedLosses 2024-02-29 05359248 ns5:IntangibleAssetsOtherThanGoodwill 2024-03-01 2025-02-28 05359248 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-29 05359248 ns5:IntangibleAssetsOtherThanGoodwill 2025-02-28 05359248 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-29 05359248 ns5:PlantMachinery 2024-02-29 05359248 ns5:PlantMachinery 2025-02-28 05359248 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-02-28 05359248 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-02-29

REGISTERED NUMBER: 05359248 (England and Wales)

| Financial Statements |

| for the Year Ended 28th February 2025 |

| for |

| Cbm Oil Ltd |

| Cbm Oil Ltd (Registered number: 05359248) |

Contents of the Financial Statements

for the year ended 28th February 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| Cbm Oil Ltd |

Company Information

for the year ended 28th February 2025

| DIRECTOR: | M Villaume

| REGISTERED OFFICE: | 116 Ballards Lane

| London

| N3 2DN

| REGISTERED NUMBER: | 05359248 (England and Wales)

| Cbm Oil Ltd (Registered number: 05359248) |

Balance Sheet

28th February 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 68,267 |  | 74,473 |  |

Tangible assets | 5 | - |  | - |  |

68,267 |  | 74,473 |  |

CURRENT ASSETS

Debtors | 6 | 2,391,995 |  | 2,391,995 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,127,545 | ) | (1,104,105 | ) |

NET CURRENT ASSETS | 1,264,450 |  | 1,287,890 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,332,717 |  | 1,362,363 |  |

CAPITAL AND RESERVES

Called up share capital | 3,741,694 |  | 3,741,694 |  |

Share premium | 956,890 |  | 956,890 |  |

Retained earnings | (3,365,867 | ) | (3,336,221 | ) |

SHAREHOLDERS' FUNDS | 1,332,717 |  | 1,362,363 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd May 2026 and were signed by:

M Villaume - Director

| Cbm Oil Ltd (Registered number: 05359248) |

Notes to the Financial Statements

for the year ended 28th February 2025

1. | STATUTORY INFORMATION

| Cbm Oil Ltd is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| The presentation currency of the financial statements is the Pound Sterling (£).

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The 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.

| Intangible assets

| Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less any accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

| Goodwill is not subject to amortisation but is tested for impairment.

| Negative goodwill arising on an acquisition is recognised directly in the income statement. On disposal of a subsidiary or a jointly controlled entity, the attributable amount of goodwill is included in the determination of the profit or loss recognised in the income statement on disposal.

| Separately acquired trademarks and licences are shown at historical cost.

| Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

| Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

| Amortisation

| Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

| Asset class - Joint operating agreement licence

| Amortisation method and rate - 24 year straight line method

| Tangible fixed assets

| Property, plant and equipment is stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

| The cost of property, plant and equipment 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:

| Fixtures and fittings over its useful economic life

| Property, plant and equipment over its useful economic life

| 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.

| Cbm Oil Ltd (Registered number: 05359248) |

Notes to the Financial Statements - continued

for the year ended 28th February 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Going concern

| The financial statements have been prepared on a going concern basis.

| When assessing the foreseeable future, the directors have looked at a period of twelve months from the date of approval of this report. The forecast cashflow requirements of the business are contingent upon the ability of the company to generate future funding.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1st March 2024

| and 28th February 2025 | 148,945 |  |

| AMORTISATION

| At 1st March 2024 | 74,472 |  |

| Charge for year | 6,206 |  |

| At 28th February 2025 | 80,678 |  |

| NET BOOK VALUE

| At 28th February 2025 | 68,267 |  |

| At 29th February 2024 | 74,473 |  |

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1st March 2024

| and 28th February 2025 | 380 |  |

| DEPRECIATION

| At 1st March 2024

| and 28th February 2025 | 380 |  |

| NET BOOK VALUE

| At 28th February 2025 | - |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Other debtors | 2,391,995 |  | 2,391,995 |  |

| Cbm Oil Ltd (Registered number: 05359248) |

Notes to the Financial Statements - continued

for the year ended 28th February 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed to group undertakings | 164,471 |  | 164,471 |  |

| Other creditors | 963,074 |  | 939,634 |  |

1,127,545 |  | 1,104,105 |  |

8. | RELATED PARTY DISCLOSURES

| Summary of transactions with parent entities:

| As at the balance sheet date the Company owed £164,471 (2024: £164,471) to its parent company Etech Investissements S.A. for loans made. These loans are non-interest bearing and repayable on demand.

| Summary of transactions with other related parties:

| As at the balance sheet date the company owed £930,928 (2024: £922,687), shown in Other Creditors, to companies controlled by the beneficial owner. The loans were provided for working capital and are non-interest bearing and repayable on demand. The amounts are broken down as follows:

| Rendul Securities Ltd - £36,000 (2024: £36,000)

| Forest Partners Ltd - £30,338 (2024: £30,338)

| Alessandro Benedetti - £864,590 (2024: £856,350)