L&Q PRS CO 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 LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After reviewing the company's budgets for 2025/26 and the L&Q Group's medium term financial position as detailed in the 10-year business plan, the directors are of the opinion that, taking account of severe but plausible downsides including declining occupancy rates with an associated increase in bad debts over five years, increases in underlying CPI assumptions and an increase in interest rates, the company has 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.”

Significant events

• “The company has invested a further £19 million to acquire 59 units whilst disposing of 1 units; bringing total units owned by L&Q PRS Co Ltd to 3,147.”
• “Over the next year, L&Q PRS Co Ltd is projected to increase its investment property portfolio by circa £20 million through the purchase of a further 53 units across 1 scheme.”
• “In April 2024 one director TUPE'd from London & Quadrant Housing Trust to L&Q PRS Co Limited.”
• “In April 2024 70 members of staff TUPE'd into L&Q PRS Co Limited from London & Quadrant Housing Trust.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  +19.8%

  £57,825,000 → £69,251,000

• Cash

  -31.6%

  £14,494,000 → £9,915,000

• Net assets

  -1.6%

  £521,874,000 → £513,618,000

• Employees

  —

  Not reported

• Operating profit

  +294.5%

  £5,776,000 → £22,789,000

• Profit before tax

  +68.4%

  -£41,636,000 → -£13,141,000

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