DERWENT LONDON GEORGE STREET LIMITED

1. DERWENT LONDON GEORGE STREET LIMITED 2021-07-23 → present
2. DERWENT LONDON NO.1 LIMITED 2021-03-02 → 2021-07-23
3. DERWENT LONDON NO.2 LIMITED 2021-03-01 → 2021-03-02
4. DERWENT LONDON NO.1 LIMITED 2020-11-20 → 2021-03-01

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

“Based on this understanding, the Directors believe that it remains appropriate to prepare the financial statements on a going concern basis notwithstanding the net current liabilities on the Company's balance sheet.”

Significant events

• “No interim dividend was paid during 2024 (2023: £nil). The Directors do not recommend payment of a final 2024 dividend (2023: £nil).”
• “As at 31 December 2024 the Company was in a net current liability position.”
• “The Company's ultimate parent company, Derwent London plc, has provided the Company with an undertaking that it will provide such financial support as the Company requires for its continued operations for at least 12 months from the date of approval of these financial statements.”
• “Following a reassessment of when certain amounts owed by Group undertakings are expected to be realised, the Company has determined that it did not intend to require settlement for certain amounts within 12 months of the balance sheet date. Accordingly, the comparatives have been restated, reclassifying £14,130,109 to amounts falling due after more than one year.”
• “In January 2022, Derwent London Development Services Limited ("the Developer"), a fellow subsidiary within the Group carrying out the development of the residential elements at 25 Baker Street W1 on behalf of the Company, signed the main construction contract for the development.”
• “Other loans consist of a £40.0m (2023: £40.0m) interest-free loan and a £52.0m (2023: £5.6m) development loan.”

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -225.7%

  £2,440,919 → -£3,067,730

• Employees

  —

  Not reported

• Operating profit

  -145%

  -£1,924,582 → -£4,715,707

• Profit before tax

  -197.6%

  -£2,328,358 → -£6,928,971

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