SAVANNAH ADVISORY SERVICES LIMITED

• ⚠

  Material uncertainty over going concern

  During the year the Company had a total comprehensive gain of £12,248 and had net assets of £432,011 as at 31 December 2024. The Financial Statements have been prepared on a going concern basis on the basis that the Company's parent entity Savannah Resources Plc will provide ongoing financial support to enable the Company to meet its financial obligations as and when they become due and payable. The Parent Company has indicated in writing that this financial support will be forthcoming, however, group management's assessment of going concern indicates that the Group will require additional funding in the next twelve months. Although the Group has been successful in the past in raising equity finance, its ability to do so is not completely within its control and the lack of formal binding agreements for the additional funding required indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. These financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“During the year the Company had a total comprehensive gain of £12,248 and had net assets of £432,011 as at 31 December 2024. The Financial Statements have been prepared on a going concern basis on the basis that the Company's parent entity Savannah Resources Plc will provide ongoing financial support to enable the Company to meet its financial obligations as and when they become due and payable. The Parent Company has indicated in writing that this financial support will be forthcoming, however, group management's assessment of going concern indicates that the Group will require additional funding in the next twelve months. Although the Group has been successful in the past in raising equity finance, its ability to do so is not completely within its control and the lack of formal binding agreements for the additional funding required indicates the existence of a material uncertainty that may cast significant doubt about the Company's ability to continue as a going concern and therefore it may be unable to realise its assets and discharge its liabilities in the normal course of business. These financial statements do not include the adjustments that would be necessary should the Company be unable to continue as a going concern.”

Group structure

1. SAVANNAH ADVISORY SERVICES LIMITED · parent
   1. Savannah Lithium, Unipessoal Lda

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +24.7%

  £1,550,405 → £1,933,610

• Cash

  -10.2%

  £333,076 → £299,007

• Net assets

  +2.9%

  £419,763 → £432,011

• Employees

  —

  Not reported

• Operating profit

  -83.2%

  £72,926 → £12,248

• Profit before tax

  -83.2%

  £72,926 → £12,248

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