STUBB CREEK HOLDCO LIMITED

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

FRS 101

Reporting scope

Standalone (parent only)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis. The Company had a net asset position of US$31.5 million as at 31 December 2024 (2023: US$31.4 million) and a profit of US$46,000 (2023: US$1.1 million). The Company does not hold a bank account. The Company is reliant on its ultimate Group, headed by Savannah Energy PLC ("the Group"), to support the going concern assessment of the Company by servicing its liabilities. The Company's going concern assessment has been performed as part of the Group's going concern assessment and it covers a period of at least 12 months from the date of approval of the financial statements.”

Group structure

1. STUBB CREEK HOLDCO LIMITED · parent
   1. Universal Energy Resources Limited 100% · Nigeria · Oil and gas exploration and development

Significant events

• “On 15 February 2019, upon incorporation, the Company issued 1 share at a par value of US$0.01.”
• “On 19 February 2019, a further 300 shares were issued for a value of US$3.0 million with a par value of US$0.01. The proceeds from the share issue were then used to purchase a 37.5% minority equity share in the Company's subsidiary, UERL.”
• “On 14 November 2019, 1 share was issued in exchange for the loan receivable owing from UERL to the Company's previous parent company, Seven Exploration & Production Limited, for a fair value of US$2,931,331 (par value US$0.01).”
• “On 14 November 2019, 1 share was issued for US$8.0 million as consideration for the remaining 62.5% shares held in UERL, by Savannah Energy (Stubb Creek) Limited, the Company's immediate parent. Following this transaction, the Company now owns 100% of UERL.”
• “On 7 April 2025, the Company's registered address became 36 Hillgrove Street, St Helier, Jersey, JE2 4SL.”

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

Filings

3

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.

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  +0.1%

  £23,287,052 → £23,321,068

• Employees

  —

  Not reported

• Operating profit

  -3.3%

  -£9,301 → -£9,608

• Profit before tax

  -95.7%

  £1,051,263 → £45,479

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