NORTH SEA (GOLDEN EAGLE) RESOURCES LTD.

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  Accounts not prepared on a going-concern basis

  It is the responsibility of the Directors to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors intend to place the Company into voluntary liquidation now it has ceased trading following the sale of its producing asset to EnQuest Heather Limited, another EnQuest Group company. Accordingly, they adopt a basis other than going concern in preparing these financial statements.

Figures converted to GBP from USD at 0.752 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Not a going concern (break-up basis)

“It is the responsibility of the Directors to prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue in business. The Directors intend to place the Company into voluntary liquidation now it has ceased trading following the sale of its producing asset to EnQuest Heather Limited, another EnQuest Group company. Accordingly, they adopt a basis other than going concern in preparing these financial statements.”

Significant events

• “Following the sale of its producing asset, the Directors intend to place the Company into voluntary liquidation.”
• “In preparation for entering liquidation, a dividend of $299,144,000 (2023: $nil) was paid to the Company's immediate parent company, EnQuest Heather Limited.”
• “During the year, the Company undertook a share capital reduction in accordance with the Companies Act. The reduction cancelled 1,300,099 issued shares and the share premium account.”
• “During the year, the Company has fully paid a final dividend to the parent entity to settle all intercompany balances.”

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

Filings

10

last 12 months

Capital events

2

last 24 months

Officers appointed

0

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.