HORTONS' ESTATE DEVELOPMENTS 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)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate for the following reasons: The Company participates in and benefits from the Group's centralised treasury arrangements and so shares banking arrangements with its parent and fellow subsidiaries. The Directors have prepared consolidated cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which incorporate the projections of this company which indicate that, taking account of severe but plausible downsides, the Company will have sufficient funds, through its own cash and funding from its immediate parent company, Hortons' Estate Limited, to meet its liabilities as they fall due for that period. Those forecasts are dependent on Hortons' Estate Limited providing additional financial support during that period. Hortons' Estate Limited has indicated its intention to continue to make available such funds as are needed by the Company.”

Group structure

1. HORTONS' ESTATE DEVELOPMENTS LIMITED · parent
   1. Kings Court Kettering Management Company Limited 100% · England and Wales

Significant events

• “During the year, Hortons' Estate Developments Limited provided its parent company, Hortons' Estate Limited, with a guarantee. The guarantee is up to the value of the bank secured property provided by Hortons' Estate Developments Limited.”

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

  -73%

  £864,000 → £233,000

• Cash

  -100%

  £30,000 → £0

• Net assets

  -1.3%

  £11,740,000 → £11,591,000

• Employees

  —

  Not reported

• Operating profit

  -113.9%

  £1,554,000 → -£216,000

• Profit before tax

  -113.9%

  £1,550,000 → -£216,000

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