BRITISH AMERICAN TOBACCO (SOUTH AMERICA) LIMITED

• ⚠

  Material uncertainty over going concern

  As the Directors intend to liquidate the Company following the settlement of the remaining net assets, they have not prepared the financial statements on a going concern basis. The effect of this is explained in note 1.

1. BRITISH AMERICAN TOBACCO (SOUTH AMERICA) LIMITED 1997-08-27 → present
2. INTERNATIONAL TOBACCO (OVERSEAS) LIMITED 1994-01-28 → 1997-08-27
3. PAN-OCEANIC TRADING COMPANY LIMITED 1990-10-16 → 1994-01-28
4. MANDRILE LIMITED 1990-04-24 → 1990-10-16

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

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As the Directors intend to liquidate the Company following the settlement of the remaining net assets, they have not prepared the financial statements on a going concern basis. The effect of this is explained in note 1.”

Significant events

• “In 2022, the Group decided to cease activities in the Uruguayan market. As a result, the financial statements have been prepared on a basis other than going concern.”
• “As part of the exit plan, the Branch will be dormant for 5 years, which corresponds to the statute of limitations applicable in Uruguay.”
• “The Directors expect the Company to be liquidated in the future.”
• “An increase in the UK corporation rate from 19% to 25% (effective 1 April 2023) was substantively enacted on 24 May 2021. This increased the Company's current tax charge accordingly.”
• “The UK has enacted a new global minimum corporate tax framework applicable to multinational enterprise groups with global revenues of over €750 million ("Pillar Two" rules) which applies to the Group and Company from 1 January 2024.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +5%

  £3,658,000 → £3,840,000

• Employees

  —

  Not reported

• Operating profit

  +84.4%

  -£90,000 → -£14,000

• Profit before tax

  +576%

  £25,000 → £169,000

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