PETREDEC SERVICES LIMITED

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of the Company, having reviewed the Company's financial position, working capital and financing requirements, are satisfied that the Company has or will have access to adequate resources to continue in operational existence for at least 12 months from the signing date of the financial statements. More specifically, the Company is expected to continue generating a margin from the provision of management services to Group entities. In addition, there are no external capital commitments or other borrowings that need to be satisfied in the foreseeable future. The service agreement with Petredec Holdings Pte. Ltd. ("PHPL"), the main source of the Company's revenue, is expected to continue indefinitely unless terminated by either party, with a notice period of three months, providing reasonable stability. The directors of PSL have confirmed that there are no plans to restructure operations for PSL in the next 12 months. Based on this assessment, the Directors are satisfied that the Company will have sufficient resources to meet its operational and financial obligations as they fall due. The Directors are hence of the opinion that it is appropriate to prepare financial statements of the Company on a going concern basis.”

Significant events

• “There have been no significant events between the year end and the date of approval of these financial statements which would require an adjustment or disclosure in the accounts.”

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

1

last 12 months

Officers resigned

0

last 12 months

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

• Turnover

  -36.3%

  £14,565,000 → £9,277,000

• Cash

  -15.2%

  £520,000 → £441,000

• Net assets

  +69.7%

  £1,300,000 → £2,206,000

• Employees

  -17.6%

  17 → 14

• Operating profit

  +70%

  £803,000 → £1,365,000

• Profit before tax

  +56.5%

  £710,000 → £1,111,000

• Wages

  -47.2%

  £10,133,000 → £5,349,000

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