ASE UK COMMUNITY SOLAR I LIMITED

• ◆

  Material uncertainty over going concern

  We draw attention to Note 1.3 to the financial statements, which indicates that the Group and the Company rely on the ASE Group for financial support. The ASE Group is currently negotiating a proposed sale of the Company and all of its subsidiaries. As the outcome of the proposed sale is unknown, the financial support required by the Company and the Group is not guaranteed. As stated in Note 1.3, these events or conditions, indicate that a material uncertainty exist that may cast doubt on the Group's and Company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

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  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — 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

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. ASE UK COMMUNITY SOLAR I LIMITED 2024-07-10 → present
2. ASE COMMUNITY SOLAR I LIMITED 2023-10-28 → 2024-07-10

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to Note 1.3 to the financial statements, which indicates that the Group and the Company rely on the ASE Group for financial support. The ASE Group is currently negotiating a proposed sale of the Company and all of its subsidiaries. As the outcome of the proposed sale is unknown, the financial support required by the Company and the Group is not guaranteed. As stated in Note 1.3, these events or conditions, indicate that a material uncertainty exist that may cast doubt on the Group's and Company's ability to continue as a going concern.”

Group structure

1. ASE UK COMMUNITY SOLAR I LIMITED · parent
   1. Leeming Solar Farm Limited 100%
   2. Northwold Solar Farm Limited 100%

Significant events

• “The ASE Group is currently negotiating a proposed sale of the Company and all of its subsidiaries, upon completion of the sale, it would result in the cessation of this support and would lead to repayment of full amounts owed to group companies being demanded.”

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.