BP OIL YEMEN LIMITED

1. BP OIL YEMEN LIMITED 1991-09-12 → present
2. BP SOUTH YEMEN LIMITED 1982-01-21 → 1991-09-12
3. SHELL SOUTHERN YEMEN LIMITED 1923-06-05 → 1982-01-21

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having a reasonable expectation that the company has adequate resources to continue in operational existence for at least the next 12 months from the date these financial statements were approved, the directors consider it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “In May 2023, the IASB issued International Tax Reform - Pillar Two Model Rules - Amendments to IAS 12. Income Taxes to clarify the application of IAS 12 to tax legislation enacted or substantively enacted to implement Pillar Two of the Organisation for Economic Co-operation and Development's Base Erosion and Profit Shifting project, which aims to address the tax challenges arising from the digitalisation of the economy. The amendments include a mandatory temporary exception from accounting for deferred tax on such tax law. In July 2023, the UK government enacted legislation to implement the Pillar Two rules. The legislation is effective for the company from 1 January 2024 and includes an income inclusion rule and a domestic minimum tax.”
• “The company has a branch in Yemen which historically was engaged in the production and selling of aviation fuels. The operations in Yemen ceased on 1 January 2009 and the company is now only incurring residual administration expenses.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  +0.3%

  £46,727 → £46,844

• Net assets

  +2.9%

  £2,481,930 → £2,553,314

• Employees

  —

  Not reported

• Operating profit

  -17.9%

  -£14,171 → -£16,712

• Profit before tax

  +6.3%

  £109,783 → £116,663

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers