THANET OFFSHORE WIND LIMITED

Company number

04512200

Status

Active

Incorporation

2002-08-15

Last accounts made up

2023-12-31

Account category

FULL

Primary SIC

35110

Hubs

UK Energy & Climate

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“For the purposes of assessing whether 'going concern' is an appropriate basis for preparing the financial statements, the directors have reviewed projections for the period to 31 December 2025 using assumptions which the directors consider to be appropriate to the current financial position of the Company with regards to revenue, cost of sales, borrowing and debt repayment plans. The Company has agreed with its shareholders that dividends are only declared or paid where it is sufficiently probable, based on information available at that time, that operations can continue to be funded until at least 31 December 2025 based on its cash flow prognosis. Additionally, as the Company's cash is subject to a cash pooling arrangement administered by the ultimate parent company, Vattenfall AB, the directors have obtained written confirmation from Vattenfall AB that the Company's cash will be at all times available under the cash pooling arrangement to enable the Company to meet its liabilities as they fall due. Based on the future cashflows, the written confirmation obtained from Vattenfall AB and the resources available to the Company, the directors believe the Company has sufficient liquidity to manage through a range of different scenarios until at least 31 December 2025. Given the Group's strong liquidity position, the directors adopt the going concern basis in preparing the financial statements.”

Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers