PKP EXPLORATION 2 LIMITED

• ⚠

  Material uncertainty over going concern

  The going concern assessment of the Company is therefore subject to uncertainty due to the anticipated change in ownership of the Company and the potential impact on actual funding requirements and financing arrangements that will be available to the Company post completion. This is because the Directors cannot reasonably predict the intentions or funding plans of the new owner and the subsequent financial position of the Company post-completion, including the details of any financing arrangements related to the transaction that could affect the Company. This indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The going concern assessment of the Company is therefore subject to uncertainty due to the anticipated change in ownership of the Company and the potential impact on actual funding requirements and financing arrangements that will be available to the Company post completion. This is because the Directors cannot reasonably predict the intentions or funding plans of the new owner and the subsequent financial position of the Company post-completion, including the details of any financing arrangements related to the transaction that could affect the Company. This indicates the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”

Significant events

• “On 25 November 2024, a Share Purchase Agreement (SPA) was signed for sale of the Company. The legal and completion process of the Transaction was under process as of 31 December 2024 and has not yet completed as at the date of signing these financial statements.”

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

Filings

6

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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

  +12.6%

  £4,103,039 → £4,618,236

• Cash

  +122.7%

  £199,407 → £444,033

• Net assets

  -6.6%

  £16,937,732 → £15,814,678

• Employees

  —

  Not reported

• Operating profit

  +77.9%

  £559,674 → £995,552

• Profit before tax

  +110%

  £430,689 → £904,374

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