FITZROY PROPERTY 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 101

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has access to adequate resources to continue in operational existence for the foreseeable future. The Company continues to meet its day-to-day working capital requirements through its cash reserves and other financial support available within the Arup Group.”

Significant events

• “The Company is an indirect subsidiary of Arup Group Limited.”
• “The comparative financial statements have been restated to reclassify accrued income (part of trade and other receivables) of £7,105,055 from current assets to non-current assets as at the year end 31 March 2024, as the balance is not expected to unwind within 12 months.”
• “During the financial year ended 31 March 2024, the Company surrendered UK corporation tax losses to a fellow group member, Ove Arup & Partners Limited, for nil consideration. At the time of surrender, the Company had negative reserves, and the transaction was subsequently identified as constituting an unlawful distribution under the Companies Act 2006. To rectify this position, an intercompany loan has been established in the current financial year between the Company and Ove Arup & Partners Limited.”
• “On June 2020 the Arup Group extended its £100m Revolving Credit Facility for a further five years. The facility reduced by £12.5m in June 2022 and reduced by a further £12.5m in June 2023. The facility has an option to extend, subject to the bank's approval, for a further two years. Arup Group took up its option to extend so that the facility ends in June 2027.”

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

  +19.1%

  £9,146,527 → £10,894,741

• Cash

  +848.1%

  £56,483 → £535,497

• Net assets

  -22.9%

  £14,424,717 → £11,117,603

• Employees

  —

  Not reported

• Operating profit

  +35.2%

  £4,982,245 → £6,734,344

• Profit before tax

  +31.7%

  -£5,247,176 → -£3,584,939

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