NORTH WEST PORTFOLIO (NO.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

BDO LLP, Statutory Auditor

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The company meets its day-to-day working capital requirements through a combination of available cash resources and committed banking facilities, both directly and via the wider Group. Based on the company's and the Group's current forecasts and projections, alongside available market data and the Directors' knowledge and experience of the property portfolio and market dynamics, the Directors have a reasonable expectation that the company has sufficient resources to continue operating for the foreseeable future. The Directors have also received confirmation from the company's parent undertaking that any amounts currently owed will not be called for repayment within 12 months from the date of signing these financial statements. Throughout the year and as at the year end, the company operated within the covenants and limits of its banking arrangements. In assessing future cash flows, the Directors have considered the continued macroeconomic pressures, including inflation and interest rate levels, and remain confident in the company's ability to meet its loan obligations. Accordingly, the Directors continue to adopt the going concern basis in preparing the annual report and financial statements. In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “Occupancy finished the year marginally lower at 74%, (2024: 76%) reflecting the transfer of Central Retail Park, Block A to a fellow group company towards the end of the year. This was partially offset by new income from the Burger King restaurant at Old Warrington Road, Northwich, which was completed in Summer 2024.”

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

  -2%

  £4,296,163 → £4,211,610

• Cash

  +0.8%

  £9,321,861 → £9,396,481

• Net assets

  +12.2%

  £8,350,842 → £9,370,022

• Employees

  —

  Not reported

• Operating profit

  +105.7%

  £999,723 → £2,056,567

• Profit before tax

  +190.4%

  £588,966 → £1,710,106

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