FIRST BELGRAVIA PROPERTIES LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors currently believe that, based on the continued performance of group companies in line with the contractual arrangements in place for the leases and the credit worthiness of its group counterparties, the Company will be able to generate sufficient cash flows from operations and group funding to service its liabilities and realise its assets in the normal course of business. As a result, the Directors continue to prepare the financial statements on a going concern basis. In their assessment, the Directors have considered the fact that, following the refinancing, the Company has a new loan effective October 2023, with a loan maturity of February 2028. The leases currently in place, which the Directors understand will be extended upon their expiration, will provide sufficient liquidity to service the interest on the loan, with a fellow subsidiary company contributing to the Company funding sufficient to repay the principal loan amount. The intention to support the Company is commercially beneficial for the fellow subsidiary company and there is no legally binding agreement in place.”

Significant events

• “When the final property valuation was received in February 2024, it became apparent that the covenant was in breach, but subsequent to the repayment in February 2024, the lender agreed to waive the loan covenant test. Furthermore, since March 2024, the Company has been covenant compliant, following the reduction in the loan balance to £4,500,000 on the 29 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

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

  -8.2%

  £492,250 → £452,000

• Cash

  -73.2%

  £36,026 → £9,655

• Net assets

  +5%

  £1,416,496 → £1,487,708

• Employees

  —

  Not reported

• Operating profit

  -17.8%

  £447,223 → £367,828

• Profit before tax

  +96.4%

  -£4,116,957 → -£148,288

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