THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.
(“ BWA ” or the “ Company ”)
Final Results for the year to
A copy of the Annual Report will be published on the Company’s website, http://www.bwagroupplc.com , in accordance with its articles of association, and can also be viewed through the link below. For those shareholders who receive printed copies of the Annual Report, these will be posted tomorrow.
Key elements of the Audited Accounts can be viewed below.
The Company’s Annual General Meeting for 2025 will be held at No.1 Bow Churchyard,
Further announcements about exploration work to be undertaken in the Aracari licences will be made shortly .”
The Board are responsible for the contents of this announcement.
Ends -
For further information:
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+44 7770 225253
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STRATEGIC REPORT – REVIEW OF BUSINESS
The company’s principal investments are in
During the financial year to 30
Post financial year end, agreement was reached with
EXTRACT FROM THE INDEPENDENT AUDITOR’S REPORT
Material uncertainty related to going concern
We draw attention to note 3 in the financial statements, which indicates that the Company’s ability to continue as a going concern is dependent on future fundraisings within the next twelve months from the approval of the financial statements.
As stated in note 3, this event or condition, indicates that a material uncertainty exists that may cast significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the directors’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors’ assessment of the Company’s ability to continue to adopt the going concern basis of accounting included:
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Reviewing management's assessment of the going concern basis drawn up to
30 November 2026 , including their evaluation of future funding requirements and funding availability, while assessing their key assumptions and inputs to ensure reasonableness and appropriateness; - Assessing the Company’s liquidity and the impacts on the reliability of the going concern evaluation;
- Assessing whether key assumptions and inputs to the model were reasonable, in light of the Company’s relevant principal risks and uncertainties, and conducting our independent assessment of those risks; and
- Conducting sensitivity analysis on management's key assumptions and inputs against plausible scenarios.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
INCOME STATEMENT
For the year ended
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2025 |
2024 |
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TURNOVER |
– |
– |
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Administrative expenses |
£320,588 |
£393,040 |
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Other operating income – management fees |
£320,000 |
£260,000 |
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Loss on revaluation of investments |
£(52) |
£(164) |
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OPERATING LOSS |
£(640) |
£(133,204) |
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Interest receivable and similar income |
£735 |
£1,445 |
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Interest payable and similar charges |
£(6,184) |
£(24,301) |
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LOSS BEFORE TAXATION |
£(6,089) |
£(156,060) |
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Tax on loss |
– |
– |
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LOSS FOR THE FINANCIAL YEAR |
£(6,089) |
£(156,060) |
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Loss per share (pence) - Basic |
(0.001) |
(0.02) |
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Loss per share (pence) - Diluted |
(0.001) |
(0.02) |
BALANCE SHEET
As at
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2025 |
2024 |
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Fixed Assets (Investments) |
£3,045,967 |
£2,443,191 |
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Current Assets - Debtors |
£1,221,538 |
£872,304 |
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Current Assets - Cash at bank |
£20,354 |
£45,138 |
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Creditors: amounts falling due within one year |
£(603,986) |
£(336,752) |
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Net Current Assets |
£637,906 |
£580,690 |
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Total Assets Less Current Liabilities |
£3,683,873 |
£3,023,881 |
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Creditors: amounts falling due after more than one year |
£(23,182) |
£(28,745) |
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Net Assets |
£3,660,691 |
£2,995,136 |
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Capital & Reserves - Called up share capital |
£4,851,328 |
£4,213,017 |
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Capital & Reserves - Share premium account |
£99,621 |
£66,288 |
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Capital & Reserves - Other reserve |
£(83,125) |
£(300,541) |
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Capital & Reserves - Capital redemption reserve |
£288,625 |
£288,625 |
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Capital & Reserves - Equity reserve |
£152,865 |
£370,333 |
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Capital & Reserves - Retained earnings |
£(1,648,623) |
£(1,642,586) |
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Shareholder Funds |
£3,660,691 |
£2,995,136 |
CASH FLOW STATEMENT
For the year ended
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2025 |
2024 |
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Cash generated from operations |
£(347,870) |
£(373,639) |
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Interest paid |
£(5,309) |
£(929) |
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Net cash used in operating activities |
£(353,179) |
£(374,568) |
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Loans to subsidiary undertakings |
£(627,577) |
£(389,631) |
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Interest received |
£735 |
£1,445 |
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Net cash used in investing activities |
£(626,842) |
£(388,186) |
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New loans in period |
£320,000 |
£50,000 |
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Loan repayments |
£(14,763) |
£(11,956) |
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Proceeds from share issue |
£650,000 |
£622,601 |
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Net cash from financing activities |
£955,237 |
£660,645 |
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(Decrease)/increase in cash and cash equivalents |
£(24,784) |
£(102,109) |
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Cash and cash equivalents at beginning of year |
£45,138 |
£147,247 |
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Cash and cash equivalents at end of year |
£20,354 |
£45,138 |
BWA 2025 FS Final |