THALIA IOW ODC LIMITED

• ⚠

  Material uncertainty over going concern

  The Company's main revenue generating contract is due to conclude during 2026, and the Directors do not anticipate further trading activities beyond the end of this contract. As the Directors' going concern assessment period extends to 12 months from the date of signing these financial statements, the Company does not meet the definition of a going concern under IAS 1 Presentation of Financial Statements. Accordingly, the Directors consider it inappropriate to adopt the going concern basis of accounting, and the financial statements have therefore been prepared on a basis other than going concern. The adoption of a non-going concern basis has not resulted in any material adjustments to the carrying values of assets and liabilities as at the reporting date. The Directors believe that the Company has sufficient financial resources to support its operations and meet its liabilities as they fall due throughout the transition period.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company's main revenue generating contract is due to conclude during 2026, and the Directors do not anticipate further trading activities beyond the end of this contract. As the Directors' going concern assessment period extends to 12 months from the date of signing these financial statements, the Company does not meet the definition of a going concern under IAS 1 Presentation of Financial Statements. Accordingly, the Directors consider it inappropriate to adopt the going concern basis of accounting, and the financial statements have therefore been prepared on a basis other than going concern. The adoption of a non-going concern basis has not resulted in any material adjustments to the carrying values of assets and liabilities as at the reporting date. The Directors believe that the Company has sufficient financial resources to support its operations and meet its liabilities as they fall due throughout the transition period.”

Significant events

• “The company continued to operate during 2025, but by the time of signing these accounts the Company has agreed to exit the contract to operate the facility as at 31 March 2026. Following settlement of any remaining liabilities after the exit of the contract there is no further expected trading activity.”

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

2

last 12 months

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