ITHACA GAMMA 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

  -100%

  £5,019,063 → £0

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -94.9%

  £15,247,066 → £782,687

• Profit before tax

  -91.4%

  £15,324,064 → £1,324,662

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. ITHACA GAMMA LIMITED 2013-04-23 → present
2. VALIANT GAMMA LIMITED 2009-06-04 → 2013-04-23
3. NOR ENERGY (UK) LIMITED 2006-09-08 → 2009-06-04

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have obtained confirmation from Ithaca Energy plc that it will provide the necessary support to enable the Company to meet its obligations as they fall due. This confirmation is valid until 31 December 2026. To conclude on the going concern for the Company, the Directors have considered the liquidity and solvency of Ithaca Energy plc and have considered going concern at the Group level.”

Significant events

• “During 2023, as part of a Group restructuring exercise, the Company transferred its equity share in Jade to Ithaca SP E&P Limited.”
• “The Company had no production in 2024 following the transfer of the Company's trading assets to other group companies during 2023.”
• “On 16 December 2024, as part of a capital restructuring exercise, these intercompany loans were distributed from Ithaca Exploration Limited to Ithaca Oil and Gas Limited and then onto Ithaca Energy UK Limited and offset with intercompany balances, effectively repaying these loans.”

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

Filings

3

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.