Island Gas Limited
Private Limited Company · Lincoln
ActiveUnited KingdomIncorporated 2003Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
—
Cash
—
Turnover
£12,727,000
Profit / loss
−£10,949,000
Current assets
—
Creditors < 1 year
£49,856,000
Equity
−£137,475,000
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Equity | −£137,475,000 | −£126,577,000 |
| Share capital | £1,000 | £1,000 |
| Retained earnings | −£145,805,000 | −£134,856,000 |
| Assets | ||
| Property, plant & equipment | £28,989,000 | £27,974,000 |
| Debtors | £14,048,000 | £8,960,000 |
| Stock | £1,266,000 | £1,137,000 |
| Liabilities | ||
| Creditors within one year | £49,856,000 | £36,735,000 |
| Creditors after one year | £115,445,000 | £112,344,000 |
| Provisions | £28,491,000 | £25,384,000 |
| Capital commitments | £91,000 | £94,000 |
| Profit & loss | ||
| Turnover | £12,727,000 | £15,498,000 |
| Cost of sales | £11,584,000 | £11,037,000 |
| Gross profit | £1,143,000 | £4,461,000 |
| Administrative expenses | £1,011,000 | £1,210,000 |
| Operating profit | −£3,422,000 | −£2,178,000 |
| Interest receivable | £139,000 | £29,000 |
| Interest payable | £5,273,000 | £4,750,000 |
| Profit before tax | −£8,556,000 | −£6,899,000 |
| Tax | £2,393,000 | £639,000 |
| Profit / loss | −£10,949,000 | −£7,538,000 |
| Operating costs | ||
| Depreciation | £2,396,000 | £1,851,000 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activity of Island Gas Limited (the “Company”) is to explore, appraise, develop and produce oil and gas reserves and resources in Great Britain
- What it does
- oil and gas exploration · appraisal · development · production · oil and gas reserves · Great Britain (AI keywords)
- The year
- The Company made a loss before tax of £8.6 million (2024 £6.9 million).
- Outlook
- The Company continues to offset decline rates through the execution of low-cost incremental production projects with short pay-back times and have increased the efficiency of well service operations thereby achieving better uptimes across sites
- Audit
- Subsidiary audit exemption, parent guarantee (s479A)
- Immediate parent
- Star Energy Group plc
- Ultimate parent
- Star Energy Group plc
- Ultimate controlling party
- Star Energy Group plc
- Accounts
- FRS 101
- Approved
- 2026-08-13, signed by F Ward
Subsidiaries (2)
- Dart Energy (Europe) Limited · 100% · c/o Womble Bond Dickinson (UK) LLP, 2 Semple Street, Edinburgh, United Kingdom, EH3 8BL · development and production of oil and gas resources carried out by its subsidiary companies
- Island Gas (Singleton) Limited · 100% · Welton Gathering Centre, Barfield Lane Off Wragby Road, Sudbrooke, Lincoln, England, LN2 2QX · has no continuing operations and has not been trading since 2017
Turnover by segment (5)
- Oil sales: 12,345 (000s) (2025-12-31)
- Electricity sales: 382 (000s) (2025-12-31)
- Gas sales: 249 (000s) (2024-12-31)
- Oil sales: 15,086 (000s) (2024-12-31)
- Electricity sales: 163 (000s) (2024-12-31)
Related parties (4)
- Star Energy Group plc affiliates · Group undertakings · Sales to affiliates · £4.4 million (2024 £5.1 million) (000s)
- Group undertakings · Group undertakings · Amounts owed by Group undertakings · 16,883 (000s)
- Group undertakings · Group undertakings · Amounts owed to Group undertakings due within one year · (46,580) (000s)
- Group undertakings · Group undertakings · Amounts owed to Group undertakings due after more than one year · (115,445) (000s)
Borrowings (2)
- Intercompany loan repayable on demand · from Group undertakings · fixed rate of 8% · repayable on demand
- Intercompany loan · from Group undertakings · fixed rate of 6% · repayable on 31 December 2028
Directors' report (1)
- F Ward
Principal risks (8)
- political risk
- climate change risk
- planning, environmental, licensing and other permitting risks
- global events such as a global pandemic
- shortfall in production of anticipated quantities of oil
- oil and electricity market price risk
- exchange rate risk
- liquidity risk
Events after the year end (1)
- There have been no events since the balance sheet date which require disclosure under IAS 10.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2024-04-09
—
OutstandingShow 8 satisfied / released
All Assets · created 2019-11-14 · satisfied 2024-05-03
—
SatisfiedFixed · created 2019-11-14 · satisfied 2024-05-03
—
SatisfiedAll Assets · created 2013-04-10 · satisfied 2019-11-26
—
SatisfiedProperty · created 2013-02-28 · satisfied 2013-04-19
All monies
SatisfiedProperty · created 2012-05-29 · satisfied 2013-04-19
All monies
SatisfiedFixed · created 2012-04-02 · satisfied 2013-04-19
All monies
SatisfiedAll Assets · created 2011-12-14 · satisfied 2013-04-19
All monies
SatisfiedAll Assets · created 2011-10-31 · satisfied 2013-04-19
All monies
Satisfied