MANSTON PROPERTIES LIMITED

1. MANSTON PROPERTIES LIMITED 2012-09-20 → present
2. AIR ATLANTA PROPERTIES LIMITED 2004-06-22 → 2012-09-20

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)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result, the directors continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “During the year the company acquired four investment properties from third parties and 37 investment properties from fellow group undertakings. Six investment properties were sold during the year.”
• “At 31 March 2025, total equity was £3,940,000 (2024: £11,293,000) a decrease of £7,353,000 since the prior year end.”
• “A new bank loan was entered into which is held directly by the company and to which five other companies in the TT Group are party. The new loan is secured against the properties owned by the company and owned by the other five group companies that are parties to the loan.”
• “At the same time as the bank loan refinancing, the company repaid its £25,000,000 (10.02% interest) loan from group undertakings and received a new loan from group undertakings of £43,000,000 which is unsecured, has an interest rate of 11.17% and a term of five years.”
• “In April 2025 the legal interest in that swap was novated to the company.”

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

  -0.7%

  £20,896,000 → £20,757,000

• Cash

  +0.9%

  £5,390,000 → £5,438,000

• Net assets

  -65.1%

  £11,293,000 → £3,940,000

• Employees

  —

  Not reported

• Operating profit

  -55.8%

  £18,054,000 → £7,975,000

• Profit before tax

  -510.4%

  £2,019,000 → -£8,286,000

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