HANSTEEN PROPERTY INVESTMENTS LIMITED

1. HANSTEEN PROPERTY INVESTMENTS LIMITED 2010-04-14 → present
2. HANSTEEN DEVELOPMENTS LIMITED 2005-12-13 → 2010-04-14

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company has net assets of £81,022,836 at 31 December 2024 (2023: £82,457,797). The Company's holding company, Mileway UK REIT Limited, has provided a letter of intent to provide adequate funds to enable the Company to meet in full its financial obligations as they fall due for a period of at least twelve months from the date when the financial statements are authorised for issue. The Directors have considered the ability and intent of the holding company to provide this support and are satisfied that this will remain available. Thus they continue to adopt the going concern basis in preparing the annual financial statements.”

Group structure

1. HANSTEEN PROPERTY INVESTMENTS LIMITED · parent
   1. Hansteen Saltley Nominee No. 1 Limited 100% · United Kingdom · dormant entity with only nominal balances
   2. Hansteen Saltley Nominee No. 2 Limited 100% · United Kingdom · dormant entity with only nominal balances

Significant events

• “During the year, the Company passed a resolution for share capital reduction of £25,179,701, refer to note 21 for details.”
• “The Directors paid a dividend of £1,341,511 (2023: £nil) during the year. The Company made distributions during the year that did not comply with the requirements of the Companies Act 2006, due to relevant accounts not fully reflecting the reserves position at the time of the distributions. As a result, the Directors have acknowledged and declared the dividend as void without effect and have recognised an equivalent receivable from the Company's parent company.”
• “In March 2024, the Company passed a resolution for reduction of share capital by £24,179,701 from £25,800,000 to £1,620,299 by way of set-off of an existing non - documented receivable of 24,179,901 shares of £1 nominal value each held by the Company against the shareholder. In December 2024, the Company again passed a resolution for reduction of share capital by £1,000,000 from £1,620,299 to £620,299 by cancelling and extinguishing 1,000,000 shares of £1 nominal value held by Powerhouse Bidco Ltd in the capital of the Company.”
• “In February 2024, as part of the group's refinancing, the previous loans due in 2025 were terminated and a new loan taken with the maturity in May 2029. The new loan also replaced the external loan repaid during the year.”

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

Filings

17

last 12 months

Capital events

1

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

  +6.3%

  £10,357,386 → £11,011,273

• Cash

  -6.5%

  £2,453,815 → £2,294,279

• Net assets

  -1.7%

  £82,457,797 → £81,022,836

• Employees

  —

  Not reported

• Operating profit

  -20.7%

  £3,786,249 → £3,001,113

• Profit before tax

  +433.6%

  £4,452,462 → £23,758,638

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