ENI HYDROCARBONS VENEZUELA 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

  —

  Not reported

• Cash

  +4.7%

  £304,254 → £318,457

• Net assets

  +4.7%

  £304,254 → £318,457

• Employees

  —

  Not reported

• Operating profit

  0%

  -£1,495 → -£1,495

• Profit before tax

  +26.7%

  £11,213 → £14,203

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. ENI HYDROCARBONS VENEZUELA LIMITED 2013-10-16 → present
2. ENI FORTIES LIMITED 2003-04-10 → 2013-10-16
3. AGIP FORTIES LIMITED 2000-12-14 → 2003-04-10
4. B.B. PETROLEUM LIMITED 1991-12-10 → 2000-12-14
5. NORSK HYDRO PETROLEUM LIMITED 1979-10-03 → 1991-12-10

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 December 2024 the company has a net current asset position of $426,000 (2023: $407,000) and cash balance is $426,000 (2023: $407,000). The directors are satisfied that the company has adequate financial resources, including access to Eni Group financial resources, to continue to operate for the foreseeable future being not less than twelve months from the date of signing these financial statements and meet its obligations as they fall due. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The company holds 40% of the licence rights to a gas exploration field in Venezuela. There has been limited activity in the company in the year due to continued sanctions.”
• “The directors anticipate that the company will resume its activity as gas exploration company in Venezuela once the sanctions are lifted.”
• “There are no post balance sheet events to report.”

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.