LIGHTSOURCE COSECHA LIMITED

• ◆

  Material uncertainty over going concern

  In February 2025, the bp group publicly announced its intention to bring a partner into Lightsource bp, potentially altering the ownership structure of the Group and Company during the going concern assessment period. Whilst the Directors expect any incoming partner to continue to operate the Group and Company as a going concern, it is not possible for the Directors to confirm the intentions, plans or funding arrangements of any incoming partner should any such transaction complete. Therefore, whilst the Directors expect any incoming partner to continue to operate the Group and Company as a going concern, the potential change in ownership structure of the Group and Company, and any consequential changes that may arise from such change, creates a material uncertainty that may cast significant doubt on the ability of the Group and Company to continue as a going concern.

• ·

  Going-concern uncertainty disclosed

Figures converted to GBP from EUR at 0.856 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. Year-on-year comparison hidden: this filing covers about 12 months versus 18 months prior. About these numbers

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

Consolidated group

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In February 2025, the bp group publicly announced its intention to bring a partner into Lightsource bp, potentially altering the ownership structure of the Group and Company during the going concern assessment period. Whilst the Directors expect any incoming partner to continue to operate the Group and Company as a going concern, it is not possible for the Directors to confirm the intentions, plans or funding arrangements of any incoming partner should any such transaction complete. Therefore, whilst the Directors expect any incoming partner to continue to operate the Group and Company as a going concern, the potential change in ownership structure of the Group and Company, and any consequential changes that may arise from such change, creates a material uncertainty that may cast significant doubt on the ability of the Group and Company to continue as a going concern.”

Group structure

1. LIGHTSOURCE COSECHA LIMITED · parent
   1. Castellana Power, S.L.U. 100% · Spain · construction and operation of solar plants and generation of solar power
   2. Inversiones Energy Madrid, S.L.U. 100% · Spain · construction and operation of solar plants and generation of solar power
   3. Castiinversiones Renovables, S.L. 100% · Spain · construction and operation of solar plants and generation of solar power

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

2

last 12 months

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