KAJIMA NEWCASTLE LIBRARIES HOLDING 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 101

Reporting scope

Standalone (parent only)

Auditor

Wellden Turnbull Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have assessed the liquidity and forecast covenant compliance for a period of at least twelve months from date of approval of the financial statements. These forecasts include the ability of the Company to meet all loan and interest repayments and other liabilities as they fall due. The Company meets its day to day working capital requirements through cash generated through KNLL, which in turn meets its own working capital requirements through unitary charge receipts from the Newcastle Upon Tyne City Council (the Council). The Directors do not consider the ability of government authorities to pay unitary fees to be a material risk. The Directors consider the ability of key sub-contractors to continue to meet their contractual commitments a potential risk to the Group. The Directors have assessed the ability of key sub-contractors to continue to meet their contractual commitments including the unlikely event of a sub-contractor failure. To date, the current economic environment has not resulted in any adverse impact on the services provided by the sub-contractor. In making their assessment, the Directors have tested various stress scenarios which show that, even in the unlikely event of a sub-contractor failure, the Group can continue to meet loan covenants and other liabilities as they fall due (including covenant compliance and the funding of reserves) in the next twelve months. The principal loan covenants are historic and forecast financial ratios. The Group's forecasts and projections, taking into account the above risks and current economic conditions, show that the group expects to be able to operate within the level of current facilities and continue to meet loan covenants. As explained in the Financial Risk Management section of this report (page 2), the group mitigates the risk of movements in interest rates by use of an interest rate swap to effectively fix the interest rate, and mitigates inflation risk by linking an element of the unitary charge to inflation. Consequently, the Directors are confident that the Group will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

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

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

2

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  0%

  £120,000 → £120,000

• Employees

  —

  Not reported

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