GLA LAND AND PROPERTY 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis, which assumes that the Company will continue to trade to 31 March 2027 from the date of signing these financial statements. The directors believe this basis to be appropriate for the following reasons: The Company made a profit after tax for the period of £31.1 million (£2.5 million profit after tax in 2023-24) mainly driven by profits on land disposals and overage receipts. The balance sheet remains strong with net assets currently totalling £224.4 million (£193.3 million at 31 March 2024) and cash flows forecast at £86.0 million at 31 March 2026 and £91.2 million at 31 March 2027. Further to this, the Company's liquidity position is assured as the Greater London Authority has provided written assurances to the Company's directors that, so long as the Company is a subsidiary of the GLA, the GLA will continue to make sufficient monies available to the Company to meet all its debts as they fall due. The directors consider that this should enable the Company to continue in operational existence to 31 March 2027 from the date of signing these financial statements by meeting its liabilities as they fall due for payment.”

Group structure

1. GLA LAND AND PROPERTY LIMITED · parent
   1. Barking Riverside Limited 0.49% · joint venture company is leading on the delivery of the new Barking Riverside neighbourhood, Barking, East London.
   2. Royal Docks Management Authority Limited 0.945% · holds a 225-year lease of the water areas and associated marine infrastructure of the Royal Docks and is responsible for their control and management.
   3. Greenwich Peninsula Estate Management Limited · manage, maintain and administer the Greenwich Peninsula estate.
   4. London Power Co. Limited
   5. Stratford East London Developments Limited · property development company

Significant events

• “On 1 September 2024, Transport for London (TfL)'s digital estate was the subject of a cyber-incident. This had the impact of disrupting GLA's IT services which are provided through a shared service contract with TfL.”
• “In June 2025 GLAP took a decision to terminate the existing development agreement and to remarket the site.”
• “On 27 June 2025, the Albert Island development agreement was terminated. The Albert Island redevelopment scheme is a strategic site located in the Royal Docks Enterprise Zone.”

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

  +230.3%

  £29,956,000 → £98,953,000

• Net assets

  +16.1%

  £193,348,000 → £224,449,000

• Employees

  —

  Not reported

• Operating profit

  -172.1%

  -£10,397,000 → -£28,295,000

• Profit before tax

  -1,105.3%

  -£2,758,000 → -£33,242,000

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