ORCHARD SQUARE LIMITED

• ⚠

  Material uncertainty over going concern

  The directors do not consider that the company is a going concern. This conclusion has been arrived at taking into consideration the Director's valuation of the company's principal asset, Orchard Square, Sheffield, being lower that the loan secured on it. The company's parent has declined the opportunity to invest further equity into the company. The accounts have therefore been prepared on a basis other than going concern.

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)

Abridged

Yes — abridged accounts (limited disclosure)

Audit opinion

Unaudited (audit-exempt)

Going concern

Material uncertainty disclosed

“The directors do not consider that the company is a going concern. This conclusion has been arrived at taking into consideration the Director's valuation of the company's principal asset, Orchard Square, Sheffield, being lower that the loan secured on it. The company's parent has declined the opportunity to invest further equity into the company. The accounts have therefore been prepared on a basis other than going concern.”

Significant events

• “London & Associted Properties PLC considers that it lost control of Orchard Square Limited in July 2023 following its decision not to cure the loan covenant breach and that nothing has occured since this time to change this position.”

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

Filings

7

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

  +30%

  £2,121,566 → £2,758,130

• Cash

  -84.8%

  £77,756 → £11,839

• Net assets

  -18.2%

  -£3,105,561 → -£3,670,935

• Employees

  0%

  2 → 2

• Operating profit

  +155.4%

  -£2,451,352 → £1,358,334

• Profit before tax

  +85.5%

  -£3,901,274 → -£565,374

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