GURALP FINANCE LTD.

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

• ⚠

  Material uncertainty over going concern

  The Board has considered the above and concluded that since the group may not be able to raise additional funds if the forecast are not met, the above represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would be necessary should the going concern basis of preparation no longer be appropriate. However, after considering the uncertainties the Board has a reasonable expectation that the group will be successful in continuing to operate without the need for additional, borrowing beyond the 520,000 above. Accordingly the Board considers it is appropriate to continue to adopt the going concern basis in preparing the financial statements.

1. GURALP FINANCE LTD. 2010-11-24 → present
2. NEWINCCO 957 LIMITED 2009-11-05 → 2010-11-24

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

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

James Cowper Kreston Audit

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Board has considered the above and concluded that since the group may not be able to raise additional funds if the forecast are not met, the above represents a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business. The financial statements do not include the adjustments that would be necessary should the going concern basis of preparation no longer be appropriate. However, after considering the uncertainties the Board has a reasonable expectation that the group will be successful in continuing to operate without the need for additional, borrowing beyond the 520,000 above. Accordingly the Board considers it is appropriate to continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. GURALP FINANCE LTD. · parent
   1. Guralp Systems Limited 100% · England and Wales · Development, design, manufacture and sale of seismic instruments and systems
   2. Guralp Systems GmbH 100% · Germany · Sale of seismic instruments and systems

Significant events

• “On 10 May 2024 the holders of the A and PIK loan notes passed a resolution to extend the redemption date to 31 July 2024.”
• “Then on 1 May 2025 the holders of the A and PIK loan notes provided a written undertaking that they would not exercise their right of redemption within 12 months of these financial statements if Guralp Finance Limited has insufficient funds to make the redemption payment.”
• “On 27 April 2023, it was decided that the USA subsidiary should be dissolved. The investment in Guralp Systems Incorporated is not material. Guralp Systems Incorporated was dissolved on 29 August 2023.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

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

  -2.4%

  -£18,537,733 → -£18,976,808

• Employees

  0%

  7 → 7

• Profit before tax

  0%

  -£439,075 → -£439,075

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