EDINBURGH ST JAMES RESIDENTIAL BUILDING COMPANY LIMITED

• ⚠

  Material uncertainty over going concern

  These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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 §1A

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company were unable to continue as a going concern.”

Significant events

• “The Company was incorporated on 27 April 2016 and its principal activity is the construction and sale of residential apartments at St James Quarter, Edinburgh.”
• “The Company delivered a loss of £1.03m for the year (2023: profit of £259k), driven predominantly by the loss incurred on the sale of the residential apartments during the year.”
• “On 9 April 2024, the Maslow Facility was repaid in full by the HoldCo. The repayment was facilitated through sales receipts of completed residential units and a loan from Edinburgh St James Limited Partnership to the HoldCo of £24,500,000.”
• “The insolvency of the main contractor during the year has had a significant operational and financial impact. The Company was required to appoint new contractors to complete unfinished works and rectify inherited defects.”
• “On 20 June 2024, HoldCo bought the remaining 25% of the ordinary shares of the Company from Queensberry Properties Limited. HoldCo paid Queensberry Properties Limited £4m and as a result it is the sole owner of the Company from this date.”
• “On 25 March 2025, the shareholder loans from Albina and HSCF were restructured. A portion of the outstanding debt was converted into equity through the issuance of interest-free promissory notes at par value.”

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

Filings

18

last 12 months

Capital events

1

last 24 months

Officers appointed

3

last 12 months

Officers resigned

4

last 12 months

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

• Turnover

  +216.4%

  £13,155,000 → £41,621,725

• Cash

  —

  Not reported

• Net assets

  —

  Not reported

• Employees

  —

  Not reported

• Operating profit

  -602.4%

  £221,251 → -£1,111,511

• Profit before tax

  -497.3%

  £259,325 → -£1,030,225

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