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Company Registration No. 04946049 (England and Wales)
Third Energy Onshore Limited Unaudited accounts for the year ended 31 March 2026
Third Energy Onshore Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Third Energy Onshore Limited Company Information for the year ended 31 March 2026
Directors
Karl Yvan Farrow Glynn Gary Williams
Company Number
04946049 (England and Wales)
Registered Office
CeraPhi House Eurocentre North River Road Great Yarmouth Norfolk NR30 1TE England
Accountants
JHW Azoth Ltd 13 The Close Norwich Norfolk NR1 4DS
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Third Energy Onshore Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Investments
4
39,317
39,317
Current assets
Debtors
5
152,307
277,514
Cash at bank and in hand
31
81
152,338
277,595
Creditors: amounts falling due within one year
6
(8,044)
(7,046)
Net current assets
144,294
270,549
Net assets
183,611
309,866
Capital and reserves
Called up share capital
20,640,105
20,640,105
Capital redemption reserve
81,678,139
81,678,139
Capital contribution reserve
714,826
714,826
Profit and loss account
(102,849,459)
(102,723,204)
Shareholders' funds
183,611
309,866
For the year ending 31 March 2026 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 21 May 2026 and were signed on its behalf by
Karl Yvan Farrow Director Company Registration No. 04946049
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Third Energy Onshore Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
Third Energy Onshore Limited is a private company, limited by shares, registered in England and Wales, registration number 04946049. The registered office is CeraPhi House, Eurocentre, North River Road, Great Yarmouth, Norfolk, NR30 1TE, England.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on the going concern basis. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements. Based on the forecasts prepared the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Deferred taxation
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.
Investments
Investments in shares are included at fair value.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Third Energy Onshore Limited Notes to the Accounts for the year ended 31 March 2026
4
Investments
Subsidiary undertakings
£
Valuation at 1 April 2025
39,317
Valuation at 31 March 2026
39,317
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
-
9,354
Amounts due from group undertakings etc.
152,307
268,160
152,307
277,514
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
8,044
7,046
7
Average number of employees
During the year the average number of employees was 0 (2025: 2).
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