DRACE INFRAESTRUCTURES UK LIMITED

• ⚠

  Material uncertainty over going concern

  The financial statements have been prepared on a basis other than the going concern basis. We draw attention to Note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

1. DRACE INFRAESTRUCTURES UK LIMITED 2012-12-04 → present
2. FLOTA PROYECTOS SINGULARES UK LIMITED 2012-01-26 → 2012-12-04

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Miller & Co

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The financial statements have been prepared on a basis other than the going concern basis. We draw attention to Note 2 to the financial statements which explains that the directors intend to liquidate the company and therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “Since the year end the joint venture has been wound up and all final distributions made. There are no current projects and the company intends to initiate a formal members voluntary liquidation in the new accounting period.”

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

Filings

5

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

  -8.8%

  £315,806 → £288,172

• Net assets

  -0.8%

  £292,326 → £290,129

• Employees

  0%

  3 → 3

• Operating profit

  -565.4%

  -£390 → -£2,595

• Profit before tax

  -463.3%

  -£390 → -£2,197

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