CUADRILLA NORTH CLEVELAND LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on the going concern basis, notwithstanding losses for the year of £5,000 (year ended 30 June 2024: profit £33,000) and net liabilities of £372,000 (2024: £367,000). The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support.

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -1.4%

  -£367,000 → -£372,000

• Employees

  —

  Not reported

• Operating profit

  -115.2%

  £33,000 → -£5,000

• Profit before tax

  -115.2%

  £33,000 → -£5,000

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

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on the going concern basis, notwithstanding losses for the year of £5,000 (year ended 30 June 2024: profit £33,000) and net liabilities of £372,000 (2024: £367,000). The Company is dependent for its working capital on funds provided to it by AJL, the Company's parent. AJL has provided a letter of support to the Company indicating that for 12 months from the date of approval of these financial statements i.e., to 31 January 2027, AJL will continue to provide the necessary financial support.”

Significant events

• “In July 2024, the Company relinquished licence PEDL333 and the North Sea Transition Authority approved a 3 year licence term extension, to July 2027, for licences PEDL347 and PL081.”
• “The Government announced, on 22nd of September 2022, that "it was clear that we need more sites drilled in order to gather better data and improve the evidence base" and that it was lifting the moratorium on hydraulic fracturing... Some five weeks later, on the 27th of October 2022, ... the Government announced that it was reimposing the moratorium on hydraulic fracturing.”

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.