SOUND ENERGY MOROCCO SOUTH LIMITED

• ⚠

  Material uncertainty over going concern

  The Company is reliant on continued funding from its parent Company, Sound Energy plc, to enable it to meet its obligations and the Directors have received assurances from the parent Company that this support will continue. The support includes a commitment not to require repayment of any intercompany balances where such a recall might cause the company not to be able to meet its debts and liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The Directors have noted though that the parent Company's consolidated financial statements for the year ended 31 December 2024 stated that there was a material uncertainty as to the parent Company's ability to continue as a going concern. This indicates, therefore, an uncertainty as to whether the parent Company will be able to provide the support required by the Company and, as a result, the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.

1. SOUND ENERGY MOROCCO SOUTH LIMITED 2016-02-22 → present
2. SOUND ENERGY SIDI MOKTAR LIMITED 2016-02-19 → 2016-02-22

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

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company is reliant on continued funding from its parent Company, Sound Energy plc, to enable it to meet its obligations and the Directors have received assurances from the parent Company that this support will continue. The support includes a commitment not to require repayment of any intercompany balances where such a recall might cause the company not to be able to meet its debts and liabilities as they fall due for at least 12 months from the date of approval of the financial statements. The Directors have noted though that the parent Company's consolidated financial statements for the year ended 31 December 2024 stated that there was a material uncertainty as to the parent Company's ability to continue as a going concern. This indicates, therefore, an uncertainty as to whether the parent Company will be able to provide the support required by the Company and, as a result, the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -98.8%

  £598,000 → £7,000

• Net assets

  +106.1%

  -£148,000 → £9,000

• Employees

  —

  Not reported

• Operating profit

  +2,950%

  -£2,000 → £57,000

• Profit before tax

  +7,800%

  £2,000 → £158,000

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