NAVIRES FUELS LIMITED

• ⚠

  Material uncertainty over going concern

  The Company ceased trading in 2019, and has not undertaken any trading activity in the current or prior fiscal year. To provide clarity to users of the financial statements, and to avoid giving a misleading impression regarding the trading status of the entity, the financial statements are prepared on a basis other than going concern. The Directors have no intention to liquidate the Company in the near-term. At March 31, 2025, the Company had a net assets of $4.4 million (2024: $4.2 million) and profit for the year of $0.2 million (2024: $0.2 million). The directors have performed an assessment of the Company's future operational activity and have concluded that it is appropriate to prepare the financial statements on a basis other than going concern. The directors have no intention to liquidate the Company in the near-term. No adjustments have been required as a result of preparing the financial statements on a basis other than 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 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company ceased trading in 2019, and has not undertaken any trading activity in the current or prior fiscal year. To provide clarity to users of the financial statements, and to avoid giving a misleading impression regarding the trading status of the entity, the financial statements are prepared on a basis other than going concern. The Directors have no intention to liquidate the Company in the near-term. At March 31, 2025, the Company had a net assets of $4.4 million (2024: $4.2 million) and profit for the year of $0.2 million (2024: $0.2 million). The directors have performed an assessment of the Company's future operational activity and have concluded that it is appropriate to prepare the financial statements on a basis other than going concern. The directors have no intention to liquidate the Company in the near-term. No adjustments have been required as a result of preparing the financial statements on a basis other than going concern.”

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

Filings

2

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

  +17.6%

  £860,638 → £1,011,861

• Net assets

  +5%

  £3,113,417 → £3,267,606

• Employees

  —

  Not reported

• Operating profit

  0%

  -£29,652 → -£29,652

• Profit before tax

  -2.8%

  £158,636 → £154,188

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