GLOBELEQ SOMANGA 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 102

Reporting scope

Standalone (parent only)

Audit opinion

Unaudited (audit-exempt)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the period of at least 12 months from the date of approval of these financial statements. Taking into account continuing support from the Group, the directors are comfortable with the financial statements being prepared on a going concern basis.”

Significant events

• “Songas Ubungo plant in Dar Es Salaam shut down on 31 October 2024 and has not produced power since. The Group is now considering how best to extract value from the plant, its machinery and its associated assets before returning the Ubungo site to TANESCO, a requirement of the project agreements.”
• “After the reporting date, the Group's shares in Songas Limited are being actively marketed as part of an active programme to locate a suitable buyer and attempt to complete a sale. The company's investment may meet the definition of an asset held for sale after the reporting date; however, this event is a non-adjusting event after the reporting date.”

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

Filings

2

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

  +2.6%

  £22,702,120 → £23,296,408

• Employees

  —

  Not reported

• Operating profit

  -32.3%

  £920,295 → £622,882

• Profit before tax

  -34.2%

  £959,060 → £630,739

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