P W WELL (HOLDINGS) LIMITED


Directors	C L Branch
	E F Palmer
	J N Palmer


Registered Address	77 Fosse Road
	Farndon
	Newark
	NG24 3TL


Registered Number	08894576 (England and Wales)

Balance Sheet as at
31 March 2026

	Notes	2026		2025
		£	£	£	£
Current assets
Debtors	3	657,290		670,907
Cash at bank and on hand		40,137		57,466
		697,427		728,373
Creditors amounts falling due within one year	4	(587,847)		(615,414)
Net current assets (liabilities)			109,580		112,959
Total assets less current liabilities			109,580		112,959
Net assets			109,580		112,959
Capital and reserves
Called up share capital			100		100
Profit and loss account			109,480		112,859
Shareholders' funds			109,580		112,959

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 5 October 2026, and are signed on its behalf by:

J N Palmer
Director
Registered Company No. 08894576

P W WELL (HOLDINGS) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	24,000	17,754
Amounts owed by associates and joint ventures / participating interests	629,058	629,058
Other debtors	4,232	4,094
Prepayments and accrued income	-	20,001
Total	657,290	670,907

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	-	176,961
Amounts owed to related parties	586,127	432,920
Taxation and social security	-	1,913
Other creditors	-	400
Accrued liabilities and deferred income	1,720	3,220
Total	587,847	615,414

5.	Related party transactions
	Summary of transactions with parent A loan account exists between the company and its parent, Servatec Holdings Limited. At the balance sheet date, the amount owed to Servatec Holdings Limited was £415,166 (2025 - £432,920). Summary of transactions with group A loan account exists between the company and P W Well Services Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed to P W Well Services Limited was £170,961 (2025 - £nil). Summary of transactions with associates A loan account exists between the company and Onshore Petroleum Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by Onshore Petroleum Limited was £1,000 (2025 - £1,000). A loan account exists between the company and FBG Resources Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by FBG Resources Limited was £21,600 (2025 - £21,600). A loan account exists between the company and Consortium Drilling Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by Consortium Drilling Limited was £606,458 (2025 - £606,458).

Related party transactions

Summary of transactions with parent
A loan account exists between the company and its parent, Servatec Holdings Limited. At the balance sheet date, the amount owed to Servatec Holdings Limited was £415,166 (2025 - £432,920).

Summary of transactions with group
A loan account exists between the company and P W Well Services Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed to P W Well Services Limited was £170,961 (2025 - £nil).

Summary of transactions with associates
A loan account exists between the company and Onshore Petroleum Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by Onshore Petroleum Limited was £1,000 (2025 - £1,000).

A loan account exists between the company and FBG Resources Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by FBG Resources Limited was £21,600 (2025 - £21,600).

A loan account exists between the company and Consortium Drilling Limited, of which the director, J N Palmer, is also a director. At the balance sheet date, the amount owed by Consortium Drilling Limited was £606,458 (2025 - £606,458).