TRYON STREET LIMITED

• ⚠

  Material uncertainty over going concern

  The Directors have considered the financial position of the Company and have a reasonable expectation that the Company has adequate resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future. There is a net current liabilities position of £29,834,667 and net assets position of £25,859,181 as at 31 December 2024 (2023: net current liabilities position of £28,273,300 and net assets position of £17,673,497). The Company has received a letter of support from Crosstree Real Estate Special Situations II Fund L.P. to enable the Company to meet its liabilities as they fall due for the period of at least twelve months from the date of approval of the financial statements, and that in the event that support is required by the company Crosstree Real Estate Special Situations Fund II L.P. will provide the same by way of loan, equity or such other funding appropriate to the jurisdiction of the Company. The Company have also received confirmation that the net amount of £33,591,695 due to Kings Walk Holdings Limited (2023: £33,707,795) as detailed in notes 10 and 13 of the financial statements will not be called upon for a period of 12 months from the date that the financial statements are approved.

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

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Directors have considered the financial position of the Company and have a reasonable expectation that the Company has adequate resources to meet its liabilities as they fall due and continue in operational existence for the foreseeable future. There is a net current liabilities position of £29,834,667 and net assets position of £25,859,181 as at 31 December 2024 (2023: net current liabilities position of £28,273,300 and net assets position of £17,673,497). The Company has received a letter of support from Crosstree Real Estate Special Situations II Fund L.P. to enable the Company to meet its liabilities as they fall due for the period of at least twelve months from the date of approval of the financial statements, and that in the event that support is required by the company Crosstree Real Estate Special Situations Fund II L.P. will provide the same by way of loan, equity or such other funding appropriate to the jurisdiction of the Company. The Company have also received confirmation that the net amount of £33,591,695 due to Kings Walk Holdings Limited (2023: £33,707,795) as detailed in notes 10 and 13 of the financial statements will not be called upon for a period of 12 months from the date that the financial statements are approved.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  +12,573.9%

  £35,499 → £4,499,118

• Cash

  +81.8%

  £1,968,201 → £3,578,489

• Net assets

  +46.3%

  £17,673,497 → £25,859,181

• Employees

  —

  Not reported

• Operating profit

  +245.8%

  -£1,135,304 → £1,655,405

• Profit before tax

  +81.4%

  £6,156,833 → £11,167,165

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