NOVUS UK (KAKAP) LIMITED

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

  -2.2%

  £4,492,039 → £4,394,857

• Cash

  -30.8%

  £2,028,108 → £1,403,902

• Net assets

  +2.9%

  £8,925,021 → £9,184,421

• Employees

  —

  Not reported

• Operating profit

  -53.7%

  £728,863 → £337,146

• Profit before tax

  +115%

  -£1,991,478 → £298,273

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.

1. NOVUS UK (KAKAP) LIMITED 1995-06-30 → present
2. ORYX U.K. (KAKAP) LIMITED 1990-03-07 → 1995-06-30
3. BP PETROLEUM DEVELOPMENT (KAKAP) LIMITED 1983-01-17 → 1990-03-07
4. BP EXPLORATION COMPANY (NORTH AFRICA) LIMITED 1961-11-13 → 1983-01-17

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the Company's budget and plans, and the letter of support provided by the ultimate parent company Pleco Energy Limited, the Directors consider that the Company has adequate resources to continue in operational existence for at least 17 months from the date of approval of the financial statements. To support the operations, the Directors believe the Company will be able to generate operating cash flows sufficient enough to cover the Company's operating expenses and to meet its obligations as they fall due. Therefore, the Directors consider it appropriate to adopt the going concern basis in preparing these financial statements.”

Significant events

• “In April 2025, the Supreme Court rejected the Company reconsideration request of BPT for fiscal year 2009 tax dispute amounting USD 811,000.”
• “On October 2025, Supreme Court accepted Tax Office request of BPT fiscal year 2018 and 2019 and the Company in the position lost, the money should be refunded to Government Treasury.”
• “On 4 December 2025, the Company received the tax assessment letters for underpaid 2022 & 2023 BPT amounting to US$331,000.”
• “The Operator is facing a legal dispute with Tripatra-Sarku Consortium ("Vendor") regarding the flexible flow line incident of KRA South Gas Development Subsea Tie-In project that occurred in 2007. The value of the claim against the Operator amounted to US$1,500,000.”
• “The Operator also has a legal dispute with Seabulk Offshore Vessel Holding inc. ("SOVH")... The claim amounted to SGD13,218,265 (full amount), which is equivalent to US$9,748,000 as at 31 December 2024 (2023: US$10,042,000).”
• “As at 31 December 2024, the Operator has various disputed claims outstanding for the periods up to 2024 amounting to US$681,000 (2023: US$681,000).”

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

1

last 12 months

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