DERWENT LONDON ANGEL BUILDING 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

“As at 31 December 2024 the Company was in a net current liability position. The net current liability position is primarily driven by amounts owed to group undertakings. 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. This financial support will include not seeking the repayment of amounts advanced unless adequate alternative financing has been secured and advancing further amounts to the Company as required. As at the date of signing the financial statements, the Directors believe that the ultimate parent company has a strong liquidity position and is well placed to provide this support. 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

• “On 1 July 2024, the Directors approved the conversion of £90,000,000 owed to the parent company, Derwent London plc, to 90,000 ordinary shares of £1,000 each, effective on 1 July 2024.”

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

Filings

4

last 12 months

Capital events

1

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

  +344%

  £4,184,188 → £18,578,083

• Cash

  -32%

  £1,254,082 → £852,826

• Net assets

  +173.3%

  £52,364,979 → £143,125,556

• Employees

  —

  Not reported

• Operating profit

  +198.6%

  -£5,794,204 → £5,711,683

• Profit before tax

  +110%

  -£7,625,083 → £760,577

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