PROLOGIS (DIRFT RAIL) 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

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company had net liabilities of £1,937,641 (2023: £1,433,273) as at 31 December 2024. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for a period of at least 24 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds through Prologis Inc. to meet its liabilities as they fall due 12 months after the approval of these financial statements. Dependent on Prologis Inc. providing additional financial support to cover the expenses of the company during that period. Prologis Inc. has indicated its intention to continue to make available such funds as are needed by the company for the period covered by the forecasts. The company is in receipt of a letter of support from Prologis, Inc. indicating their intention to provide continued financial support to the company for at least 12 months from the date of the approval of the financial statements. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue. However, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue its business and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. PROLOGIS (DIRFT RAIL) LIMITED · parent
   1. DRIFT South Management Limited 0.0146% · United Kingdom

Significant events

• “Loan renewal: Amounts due to related parties of £2,034,462 (2023: £1,486,957) originally repayable 30 June 2025 were renewed post year-end to 30 June 2030, with interest rate revised to SONIA + 1.25%.”

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

Filings

2

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

  —

  Not reported

• Cash

  -98.2%

  £13,800 → £250

• Net assets

  -35.2%

  -£1,433,273 → -£1,937,641

• Employees

  —

  Not reported

• Operating profit

  -137.5%

  -£163,881 → -£389,293

• Profit before tax

  -105.1%

  -£245,969 → -£504,368

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