TC DUDGEON OFTO PLC

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors of the company have reviewed the company's projected profits and cash flows by reference to a financial model covering accounting periods up to 30 November 2038. The directors have also examined the current status of the company's principal contracts and likely developments in the foreseeable future. Having reviewed this financial information and having assessed the financial facilities available to the company, the directors consider that the company will be able to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of these financial statements. Accordingly, the directors believe that it is appropriate for the financial statements to be prepared on a going concern basis.”

Significant events

• “In November 2018, the company purchased the Dudgeon offshore wind farm transmission assets including an undersea cable, an onshore cable and certain onshore and offshore transmission equipment, along with the associated contracts and licenses relating to the acquired assets.”
• “On 13 November 2018, the company was granted an offshore transmission licence by the Office of Gas and Electricity Market ("Ofgem") with the right to earn availability-based income on the transmission assets for a period of 20 years until November 2038.”

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

Filings

8

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.