NEW GAME TECHNOLOGIES LIMITED

• ⚠

  Material uncertainty over going concern

  While the above events indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern, the directors have a reasonable expectation that the Company will continue in operation and meet its liabilities as they fall due over the period of assessment. There are no plans to liquidate the Company or to cease operations. On this basis, the directors have adopted the going concern basis in preparing the financial statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company were unable to continue as a going concern.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the above events indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern, the directors have a reasonable expectation that the Company will continue in operation and meet its liabilities as they fall due over the period of assessment. There are no plans to liquidate the Company or to cease operations. On this basis, the directors have adopted the going concern basis in preparing the financial statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the company were unable to continue as a going concern.”

Significant events

• “Subsequent to the year-end and prior to the issuance of these financial statements, MessageGears took steps to address this uncertainty by executing a binding amendment to the Revolver, extending its maturity to July 19, 2028, and modifying certain covenants. In addition, MessageGears implemented cost-reduction initiatives, primarily workforce reductions, which are expected to reduce cash outflows over the next twelve months.”

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.