SPRING MEWS (BLOCK D) LIMITED

1. SPRING MEWS (BLOCK D) LIMITED 2015-05-22 → present
2. SPRING MEWS (OFFICE) LIMITED 2015-04-08 → 2015-05-22
3. SPRING MEWS OFFICE LIMITED 2015-03-05 → 2015-04-08

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 Reduced Disclosure Framework

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“We draw attention to Note 1.2 to the financial statements, which indicates that the Company relies on its ultimate parent company for financial support, which is not guaranteed. Additionally, the Company's property serves as security for its Immediate Parent Company's loan. If the Immediate Parent Company is unable to continue as a going concern or comply with the terms of the loan agreement, its lenders may seek to exercise their rights in the loan agreement over the Company's property. As a result, this indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. The financial statements do not include any adjustments that would be necessary if the Company were unable to continue as a going concern. Our opinion is not modified in respect of this matter.”

Significant events

• “The Company is currently a wholly-owned subsidiary of CLS Holdings plc (together with other subsidiaries, the "Group") and is managed on a day-to-day basis by employees of the Group.”
• “Political and Economic Risk Significant events or changes in the Global and/or European political and/or economic landscape may affect the value of net assets and profitability The risk remains high given Russia's invasion of Ukraine and economic concerns over, and responses to, higher levels of inflation and slowing GDP.”
• “Pillar Two legislation has been enacted or substantively enacted in certain jurisdictions in which the Company operates. However, the legislation does not apply to the Company as its revenue is lower than £750 million.”

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

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

  -13.7%

  £681,761 → £588,274

• Cash

  0%

  £100 → £100

• Net assets

  +4%

  £5,838,658 → £6,070,495

• Employees

  —

  Not reported

• Operating profit

  +172.5%

  -£417,985 → £302,844

• Profit before tax

  +142.8%

  -£708,002 → £302,844

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