29-37 DAVIES STREET LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. 29-37 DAVIES STREET LIMITED 2006-12-20 → present
2. GROSVENOR FORTY EIGHT LIMITED 2006-07-21 → 2006-12-20

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 101

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As noted above, the entity is in a net current liability and net asset position as at 31 December 2024. The intermediate holding company, Grosvenor Limited, has provided the directors of the Company with a letter of support. This confirms that Grosvenor Limited intends to support the Company for a minimum of 12 months from the date of signing the financial statements, provided that the Company remains a wholly owned subsidiary of Grosvenor Limited. Grosvenor Limited intends to enable it to meet its liabilities as they fall due. The Company's liquidity is managed as part of the cash pooling arrangements with Grosvenor Limited (the 'Group'). An assessment of the Group's cash flow forecast, which includes the Company, has been undertaken for the period ending 31 December 2026. The Group is continuing to monitor the ongoing volatility in the macro-economic climate. This uncertainty is contributed to by volatility in the financial markets, particularly related to interest rates, as well as elevated geopolitical tensions. Through regular monitoring, the Group ensures that as a whole it can withstand significant economic shock. The directors have considered the going concern assumption for the Group in light of these risks and considered the possible impact, for example on income and availability of funding, in the Group's cash flow forecasts for the period ending 31 December 2026. On the basis of this assessment and Grosvenor Limited's ongoing support for the Company, the directors have a reasonable expectation that the Company has adequate resources for a minimum of 12 months from the date of signing the accounts. As such the directors consider it appropriate to prepare the accounts on a going concern basis.”

Group structure

1. 29-37 DAVIES STREET LIMITED · parent
   1. Grosvenor Stow Projects 2 Limited 50% · United Kingdom · property development

Significant events

• “In January 2025, the Company sold one property with a carrying value of £51,100,000 to Mayfair Estate Properties Limited and Mayfair Estate London Limited Partnership at fair value. The entities are fully consolidated into the Grosvenor Limited accounts, however 24.99% of the Group's interest in these entities was sold to NBIM Catherine Limited.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  +6%

  £1,843,567 → £1,953,860

• Cash

  —

  Not reported

• Net assets

  +28.7%

  £18,244,222 → £23,489,205

• Employees

  —

  Not reported

• Operating profit

  +548,150.6%

  -£1,402 → £7,683,669

• Profit before tax

  +548,192.9%

  -£1,402 → £7,684,263

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