SOUTH ATLANTIC SQUID (UK) LIMITED

Figures converted to GBP from EUR at 0.870 per EUR (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

  +2.6%

  £13,794 → £14,147

• Cash

  +22%

  £4,952 → £6,039

  highest in 5 filed years

• Net assets

  +0.1%

  £3,311,166 → £3,313,361

• Employees

  —

  Not reported

• Operating profit

  +227.7%

  -£1,719 → £2,195

  highest in 3 filed years

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. SOUTH ATLANTIC SQUID (UK) LIMITED 1998-05-14 → present
2. QUAYBEST LIMITED 1998-04-16 → 1998-05-14

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' 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 company'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. As noted in the directors' report, the directors have assessed the impact of the current global economic issues on the Company, and have considered it appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements. The directors are therefore satisfied that the company has the adequate resources to continue operations for the foreseeable future, being at least twelve months from the signature of the financial statements. Therefore these financial statements do not include any adjustments that would result if the going concern basis of preparation was inappropriate.”

Significant events

• “UK businesses are currently facing many uncertainties, including environmental sustainability and geopolitical events such as the Russian invasion of Ukraine. These uncertainties have contributed to an environment where there exists a range of issues and risks, including inflation, rising interest rates, labour shortages, disrupted supply chains and new ways of working. The Directors have carried out an assessment of the potential impact of these uncertainties on the business, including the impact of mitigation measures, and have concluded that these are non-adjusting events with the greatest impact on the business expected to be from the economic ripple effect on the global economy.”

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.