ABYSSINIAN GOLD PLC

• ⚠

  Annual accounts overdue

  Due 2025-06-30.

• ⚠

  Confirmation statement overdue

  Due 2025-08-25.

• ⚠

  Material uncertainty over going concern

  The Group incurred a loss attributable to owners of the Company of £254,385 for the year ended 31 July 2023 and as at 31 July 2023 the Group had net current liabilities and net liabilities of £608,878 and £678,181 respectively. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern. Therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. These consolidated financial statements have been prepared on a going concern basis, the validity of which depends upon the financial support of the related parties, at a level sufficient to finance the working capital requirements of the Group.

1. ABYSSINIAN GOLD PLC 2021-01-22 → present
2. ABYSSINIAN GOLD LTD 2020-07-28 → 2021-01-22

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

Consolidated group

Auditor

Edwards Veeder (UK) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Group incurred a loss attributable to owners of the Company of £254,385 for the year ended 31 July 2023 and as at 31 July 2023 the Group had net current liabilities and net liabilities of £608,878 and £678,181 respectively. These conditions indicate the existence of a material uncertainty which may cast significant doubt on the Group's ability to continue as a going concern. Therefore, the Group may be unable to realise its assets and discharge its liabilities in the normal course of business. These consolidated financial statements have been prepared on a going concern basis, the validity of which depends upon the financial support of the related parties, at a level sufficient to finance the working capital requirements of the Group.”

Group structure

1. ABYSSINIAN GOLD PLC · parent
   1. AME (Projects) Pty Ltd 100% · Australia · Gold exploration and development
   2. Abyssinian Gold Limited 100% · Cayman Islands · Holding Company
   3. AGPLC Investments B.V. 100% · Netherlands · Holding Company

Significant events

• “Neil Warburton resigned as Non-Executive Director on the 1 April 2024, due to the demands of other executive positions.”
• “Subsequent to the period end the following Options in the Company have expired: Consideration Options 6,250,000 expired 15th September 2023; Engagement Options 3,000,000 expired 1st October 2023; Contingent Options 12,500,000 expired 5th February 2024”

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

Filings

1

last 12 months

Capital events

1

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

  -91.9%

  £45,845 → £3,729

• Net assets

  -57.8%

  -£429,797 → -£678,181

• Employees

  —

  Not reported

• Operating profit

  +62.5%

  -£667,607 → -£250,496

• Profit before tax

  +61.9%

  -£667,607 → -£254,385

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