U.K. FISHERIES OFFSHORE OIL AND GAS LEGACY TRUST FUND 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

FRS 102 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Hall Morrice LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that the accounts should be prepared on a going concern basis. They have reviewed the level of reserves, the budget for both income and expenditure for the next 12 months and also reviewed the risks to the charity and its ability to continue to raise funds in the future.”

Group structure

1. U.K. FISHERIES OFFSHORE OIL AND GAS LEGACY TRUST FUND LIMITED · parent
   1. FLTC Services Limited 100% · Scotland · provides funding and management support for projects which supply fishermen with data about oil and gas surface and subsea structures in UK waters

Significant events

• “A very important funding mechanism agreed with OEUK expired at the end of 2023. The Board has concluded that it will be necessary to utilise cash held in the Fund and future decommissioning payments in order to finance its ongoing operations for the period until the revenues from the Fund can meet future costs.”

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

0

last 12 months

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

• Turnover

  +226.7%

  £8,850 → £28,910

• Cash

  -69.2%

  £466,324 → £143,439

• Net assets

  -0.9%

  £6,727,301 → £6,664,421

• Employees

  —

  Not reported

• Profit before tax

  -105%

  £1,263,031 → -£62,880

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