CLOUDCALL LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have prepared detailed cashflow projections covering the period up to December 2026. Such forward looking projections are inevitably subjective and sensitive to changes in underlying assumptions and the Directors have therefore sensitised these projections accordingly, in particular, to factor in a delay in the growth of revenue as this assumption incorporates greater uncertainty than expenditure assumptions. In the sensitised scenarios where revenue growth is delayed, the Directors have considered the mechanisms by which costs can be curtailed in order to ensure that the Group can react appropriately and continue to operate within the resources at its disposal. The projections, as sensitised, indicate that, based on the assumptions underlying the projections, and the mitigating actions which could be taken by management in the event of lower than anticipated revenue growth, sufficient resources will be available to settle the Company and Group's liabilities as they fall due for a period of at least 12 months from the date of approving these accounts. It should be noted, however, that these projections are reliant upon additional funding being secured within the next 12 months. The Directors are confident that the Group will raise the required funds given the continued support of Xplorer and the Group's historical track record of successful fundraises. Despite this, the directors acknowledge that the requirement for further fundraises gives rise to uncertainty in relation to the adoption of the going concern assumption.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have prepared detailed cashflow projections covering the period up to December 2026. Such forward looking projections are inevitably subjective and sensitive to changes in underlying assumptions and the Directors have therefore sensitised these projections accordingly, in particular, to factor in a delay in the growth of revenue as this assumption incorporates greater uncertainty than expenditure assumptions. In the sensitised scenarios where revenue growth is delayed, the Directors have considered the mechanisms by which costs can be curtailed in order to ensure that the Group can react appropriately and continue to operate within the resources at its disposal. The projections, as sensitised, indicate that, based on the assumptions underlying the projections, and the mitigating actions which could be taken by management in the event of lower than anticipated revenue growth, sufficient resources will be available to settle the Company and Group's liabilities as they fall due for a period of at least 12 months from the date of approving these accounts. It should be noted, however, that these projections are reliant upon additional funding being secured within the next 12 months. The Directors are confident that the Group will raise the required funds given the continued support of Xplorer and the Group's historical track record of successful fundraises. Despite this, the directors acknowledge that the requirement for further fundraises gives rise to uncertainty in relation to the adoption of the going concern assumption.”

Group structure

1. CLOUDCALL LIMITED · parent
   1. Cloudcall Inc. 100% · USA · to provide products and services to enable organisations to use their communications more effectively
   2. Cloudcall AU PTY Ltd 100% · Australia · to provide products and services to enable organisations to use their communications more effectively

Significant events

• “2024 represented a transitional year for the Company with the combination of launching a new platform and adjusting to the continuing macro-economic headwinds and difficult trading conditions pervading throughout the year. The launch of CloudCall 01 in December 2023 marked a new and exciting chapter for the Company”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.