LAZARI PROPERTIES 3 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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As part of their going concern assessment, which covers the period from the date of the approval of these financial statements for a period of 12 months, the directors have looked out to December 2026 to reflect on events and conditions beyond the minimum period that may cast significant doubt upon the continuing use of the going concern basis of accounting. They have also modelled severe but plausible downside scenarios, alongside having considered: the future cash flow forecasts for the company together with its future working capital requirements; the financial resources available to the company and the level of any committed funding; the macroeconomic environment in the UK; and any actions that could viably be taken to mitigate the level of forecasted cash outflows. The directors also note that Lazari Investments Limited, the company's parent undertaking, has confirmed in writing that it will provide any necessary financial support to the company for a period of at least one year from the date of approval of these financial statements. Having taken into account the above, the directors are satisfied that the company will be able to meet its liabilities as they fall due for a period of at least one year from the date of approval of these financial statements. Accordingly, they have prepared the financial statements on a going concern basis.”

Significant events

• “On 31 May 2024, Lazari Properties 1 Limited transferred 28-29 St George Street, W1S 2FA to the company for £57 million. Settlement was part of a wider transaction to pay the Credit Swiss loan in Lazari Property 8 Limited. As part of this transaction, a £41m bank deposit in Lazari Properties 3 Ld was substituted with the above property.”
• “On 31 May 2024, 1 Ordinary share of nominal value £1 was issued at a premium of £15,888,652. This issuance is in relation to the capitalisation of intercompany accounts.”
• “On 31 March 2025, 1 Ordinary share of nominal value £1 was issued at a premium of £11,825,223. This issuance is in relation to the capitalisation of intercompany accounts.”

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

Filings

13

last 12 months

Capital events

3

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

  -6.7%

  £26,367,782 → £24,600,721

• Cash

  -95.9%

  £41,928,942 → £1,725,950

• Net assets

  +13.8%

  £65,181,416 → £74,169,520

• Employees

  —

  Not reported

• Operating profit

  +104.4%

  -£17,379,880 → £769,600

• Profit before tax

  +55.8%

  -£32,807,289 → -£14,508,047

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