MARSHELL OIL LLP

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -95.7%

  £1,736,629 → £74,213

• Net assets

  -18.4%

  £15,742,167 → £12,842,406

• Employees

  0%

  2 → 2

• Operating profit

  -795.7%

  £407,930 → -£2,837,849

• Profit before tax

  -2,333.3%

  £129,841 → -£2,899,761

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

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

Reporting scope

Standalone (parent only)

Auditor

Bright Grahame Murray

Audit opinion

Qualified

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the limited liability partnership's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The ongoing conflict in Ukraine which began in February 2022 has been a very challenging period for the LLP. However, the members believe that due to the company's strong liquidity position, the LLP will be able to sustain its operations throughout this crisis. As at the year end (January 2025), the duration and impact of the Ukraine war continue to cause disruptions to business. It is difficult to reliably assess the duration of these consequences, as well as their impact on the LLP's financial position and results in future periods.”
• “After the balance sheet date, the members have seen macro-economic uncertainty in demand for oil, gas and products as a result of the invasion of Ukraine. The scale and duration of these developments remain uncertain but could impact earnings, cash flow and financial condition. Depending on the duration of the Ukraine war and continued negative impact on economic activity, the LLP may experience further liquidity restraints in 2025. The war in Ukraine continues and could cause further disruption to trade if the conflict continues. The exact impact on the business activities in the remainder of 2025 and thereafter cannot be predicted.”

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

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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.