LEONARDO PORTLAND OPERATION 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company is in a net liabilities position of £9,411,680 (2023: £9,071,139) at the year end due to current and previous losses. The Directors have considered the performance of the company, along with a review of completed forecast projections for the hotel for a period of 12 months from signing date to support the going concern basis. Due to the current liability position of the entity, the parent has confirmed that they will support the entity, as and when required, and the directors have ensured they have the sufficient resource to support the Company. Following review of these forecasts, and from discussion with management, the company has adopted the going concern basis for the entity and is considered appropriate.”

Significant events

• “There were no events subsequent to the balance sheet date that required adjustment to or disclosure in the financial statements.”

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

Filings

3

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

  +7.5%

  £12,790,166 → £13,753,336

• Cash

  +5.9%

  £5,111 → £5,410

• Net assets

  -3.8%

  -£9,071,139 → -£9,411,680

• Employees

  —

  Not reported

• Operating profit

  +32.5%

  £1,052,921 → £1,394,972

• Profit before tax

  +63.2%

  -£564,521 → -£207,755

• Wages

  +10.8%

  £3,404,343 → £3,770,484

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