DNO NORTH SEA (U.K.) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +365.2%

  £2,313,000 → £10,760,000

• Cash

  +8.3%

  £1,522,000 → £1,648,000

• Net assets

  +1.6%

  -£192,850,000 → -£189,743,000

• Employees

  —

  Not reported

• Operating profit

  -1%

  £3,662,000 → £3,624,000

• Profit before tax

  +26.6%

  £2,454,000 → £3,107,000

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. DNO NORTH SEA (U.K.) LIMITED 2019-05-15 → present
2. FAROE PETROLEUM (U.K.) LIMITED 2004-10-07 → 2019-05-15
3. FAROE PETROLEUM (LAGGAN) LIMITED 2003-07-28 → 2004-10-07

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“DNO North Sea plc, has agreed to provide necessary financial support if required to enable the Company to meet its liabilities as they fall due, and has confirmed its ability to do so. The Company's net current liability position is the result of the reclassification of amounts due to the parent entity and a subsidiary of the parent entity as the contractual repayment date is 31 December 2025. These liabilities are internal to the DNO North Sea plc Group, and taking into account the Company's present position, its principal risks and uncertainties and availability of support from DNO North Sea plc, the Board of Directors have a reasonable expectation that the Company will be able to continue its operations and meet its liabilities as they fall due for the going concern period. Based on the above, together with the directors' knowledge and experience of the market, the directors continue to adopt the going concern basis in preparing the financial statements for the year ended 31 December 2024.”

Group structure

1. DNO NORTH SEA (U.K.) LIMITED · parent
   1. DNO North Sea (ROGB) Limited 100% · UK · oil and gas exploration, production and decommissioning activities

Significant events

• “On 18 June DNO North Sea plc issued a Prepayment and Cancellation notice in relation to the RBL notifying that it will repay all amounts due under the RBL on 25 June 2025. The Company had no outstanding borrowings under the RBL at 31 December 2024 or on the date of this report.”

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

Filings

15

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

2

last 12 months

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