CANARY WHARF 1BS PROPERTIES 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 102

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having made the requisite enquiries and assessed the resources at the disposal of the company, the directors have a reasonable expectation that the company will have adequate resources to continue its operation for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. CANARY WHARF 1BS PROPERTIES LIMITED · parent
   1. Canary Wharf Contractors (1BS) Limited 100% · England and Wales
   2. Heron Quays West GP (Four) Limited 100% · England and Wales
   3. Heron Quays West (1) T1 Limited 100% · England and Wales
   4. Heron Quays West (1) T2 Limited 100% · England and Wales
   5. 1 Bank Street Unit Trust 99.9% · Jersey
   6. Heron Quays West (1) Limited Partnership 99.8%

Significant events

• “On October 2024 the company repaid a loan from its parent undertaking in full. On the same day the company entered into a two new loans with its parent: Loan of £94,230,858 which is interest free with remaining loan carrying interest at SONIA + 6.25%.”
• “On 8 October 2024 the company repaid its Senior Bank Loan Facility in full. On the same day the company entered into a new Senior Bank Loan Facility for the amount of £353,338,084 net of fees of £4,773,367. The loan carries interest of SONIA + 2.5% and is repayable on 20 November 2029.”
• “On 20 November 2024 the existing interest rate cap expired. On the same date the company purchased a new 2.8% interest rate cap on a notional amount of £464m, for a consideration of £13,342,000. The cap expires on 20 November 2026.”

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

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -32.8%

  £5,608,084 → £3,769,617

• Net assets

  -86.8%

  £21,556,282 → £2,836,110

• Employees

  —

  Not reported

• Operating profit

  +38.4%

  -£7,149 → -£4,404

• Profit before tax

  +74.4%

  -£81,577,120 → -£20,897,459

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