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Next accounts due

2026-09-30 (in 4mo)

Last filed for 2024-12-31

Confirmation statement due

2027-05-11 (in 1y)

Last made up 2026-04-27

Watchouts

None on the register

Cash

£392K

Latest balance sheet

Net assets

£5M

Equity attributable

Employees

0

Average over period

Profit before tax

£274K

Period ending 2024-12-31

Accounts

2-year trend · latest reflected 2024-12-31

Metric Trend 2023-12-312024-12-31
Turnover £918,124£1,422,511
Operating profit -£107,742£1,316,273
Profit before tax -£1,013,937£274,075
Net profit -£1,013,937£274,075
Cash £387,822£391,816
Total assets less current liabilities £25,608,396£20,442,602
Net assets £4,286,065£4,560,140
Equity £4,286,065£4,560,140
Average employees 00
Wages

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

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio Trend 2023-12-312024-12-31
Operating margin -11.7%92.5%
Net margin -110.4%19.3%
Return on capital employed -0.4%6.4%
Current ratio 10.20x1.25x
Interest cover -0.12x1.26x

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.

Audit & accounting basis

Accounting basis
FRS 102 §1A
Reporting scope
Standalone (parent only)
Abridged
Yes — abridged accounts (limited disclosure)
Auditor
KPMG
Audit opinion
Unqualified (clean)
Going concern
Affirmed

“The company had net assets of £4,560,140 (period ended 31 December 2023: £4,286,065) as at 31 December 2024. The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons. The directors have prepared cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the company will have sufficient funds through its property holding and leasing services to meet its liabilities as they fall due 12 months after the approval of these financial statements. If the entity is unable to meet its liabilities as they fall due, Prologis, Inc. ("the ultimate controlling party") indicated its intention to continue to make available such funds as are needed by the company for the period covered by the forecasts. The company is in receipt of a letter of support from Prologis, Inc. indicating its intention to provide continued financial support to the company for at least 12 months from the date of the approval of the financial statements. As with any company placing reliance on other group entities for financial support, the directors acknowledge that there can be no certainty that this support will continue. However, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the directors are confident that the company will have sufficient funds to continue its business and therefore have prepared the financial statements on a going concern basis.”

Significant events

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

People

3 active · 0 resigned

Name Role Appointed Born Nationality
SMITH, Nicholas David Mayhew Director 2023-03-27 Oct 1968 British
WESTON, Paul David Director 2023-03-27 Nov 1968 British
WOODBRIDGE, Robin Philip Director 2023-04-27 Oct 1969 British

Ownership

Persons with significant control

Name Kind Nature of control Notified Status
Prologis Inc Corporate entity Significant influence 2023-03-27 Active

Filing timeline

Last 13 of 13 total filings

Date Type Category Description
2026-05-07 CS01 confirmation-statement Confirmation statement with no updates PDF
2025-09-09 AA accounts Accounts with accounts type full
2025-04-28 CS01 confirmation-statement Confirmation statement with no updates PDF
2024-06-18 AA accounts Accounts with accounts type full
2024-04-29 CS01 confirmation-statement Confirmation statement with no updates PDF
2023-04-27 CS01 confirmation-statement Confirmation statement with updates PDF
2023-04-27 SH01 capital Capital allotment shares PDF
2023-04-27 AP01 officers Appoint person director company with name date PDF
2023-04-04 PSC05 persons-with-significant-control Change to a person with significant control PDF
2023-04-03 AA01 accounts Change account reference date company current shortened PDF
2023-04-03 PSC02 persons-with-significant-control Notification of a person with significant control PDF
2023-04-03 PSC09 persons-with-significant-control Withdrawal of a person with significant control statement PDF
2023-03-27 NEWINC incorporation Incorporation company PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

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.

Year-on-year

FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31

Year-on-year comparison hidden: this filing covers about 12 months versus 9 months prior.

Official Companies House page