SURESTREAM PETROLEUM LIMITED

• ⚠

  Material uncertainty over going concern

  An assessment of going concern has been made by the directors at the date of approval of the annual financial statements reflecting the fact that although there are no ongoing commercial activities the market value of the company is higher than its outstanding debt to its creditors primarily consisting of debt to its shareholders. A sale of the company will therefore create positive values for creditors and shareholders.

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

IFRS

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“An assessment of going concern has been made by the directors at the date of approval of the annual financial statements reflecting the fact that although there are no ongoing commercial activities the market value of the company is higher than its outstanding debt to its creditors primarily consisting of debt to its shareholders. A sale of the company will therefore create positive values for creditors and shareholders.”

Group structure

1. SURESTREAM PETROLEUM LIMITED · parent
   1. Surestream RDC Sarl 27.99% · Democratic Republic of Congo · Oil exploration
   2. Surestream Petroleum (Tanzania) Limited 100% · British Virgin Islands · Oil exploration and production

Significant events

• “The Group's operations in 2024 were supported by the proceeds from DRC Ledya Share Sales Agreement deal.”
• “In 2022, the Group terminated its representative office in Kinshasa, The DRC operation has been held due to funding & financing issues.”

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

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.

• Turnover

  —

  Not reported

• Cash

  -22.8%

  £100,815 → £77,835

• Net assets

  -10%

  -£10,461,824 → -£11,503,336

• Employees

  0%

  3 → 3

• Operating profit

  +38.9%

  -£819,125 → -£500,371

• Profit before tax

  0%

  -£1,327,650 → -£1,327,650

• Wages

  -0.5%

  £458,117 → £455,893

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