RUSKIN SQUARE PHASE ONE LLP

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis in accordance with the historical cost convention and in accordance with applicable United Kingdom accounting standards. ... After due consideration, the Members have not identified any material uncertainties which would cast significant doubt on the Partnership's ability to continue as a going concern for a period of not less than 12 months from the date of the approval of the financial statements.”

Significant events

• “On 9 November 2023 the UK Government launched a six-week consultation setting out options to cap ground rent clauses in leases. As a result, the valuer reported the valuation as being subject to "material valuation uncertainty" at the valuation date.”
• “In prior year, after the year end, a net expenditure of £99,000 related to building defects was identified via an independent building survey. These defects were deemed to have existed at the balance sheet date. Consequently, an accrual of £99,000 has been recognized.”
• “In the current year, following the year end, a review of previously recognised expenditure related to the building defects was completed and identified that the expenditure previously capitalised in inventory should be reduced. This resulted in the overall reduction of the accrual to £77,000.”
• “Subsequent to the year end, the company revised its estimate of the cost of their building defects works, reducing the estimate of £99,000 by £22,000 to £77,000.”

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

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

  +19.4%

  £31,000 → £37,000

• Cash

  +0.2%

  £532,000 → £533,000

• Net assets

  -2.4%

  £875,000 → £854,000

• Employees

  —

  Not reported

• Operating profit

  +92.5%

  -£577,000 → -£43,000

• Profit before tax

  +96.2%

  -£546,000 → -£21,000

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