HAVERING AND WATES REGENERATION 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

Consolidated group

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group or the Limited Liability Partnership's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. HAVERING AND WATES REGENERATION LLP · parent
   1. HWR Nominee Limited 100% · United Kingdom
   2. HWR Phase 1 Stage 1 LLP 100% · United Kingdom
   3. HWR Phase 1 Stage 2 LLP 100% · United Kingdom
   4. HWR Phase 1 Demo Stages 3-10 LLP 100% · United Kingdom

Significant events

• “Practical completion was achieved at the first site, New Green (formerly known as Napier New Plymouth) in February 2023, delivering 197 new homes of affordable and shared ownership tenure to the London Borough of Havering.”
• “Property sales commenced at Park Rise, a retirement community village exclusively for the over 55s, which include shared indoor and outdoor spaces designed to help people live independent lives whilst being part of a wider community at Park Rise (formerly Solar Serena Sunrise).”
• “An updated viability model for the scheme was reviewed in February 2025, which showed an updated margin of -0.30% for the project, with the total loss on the scheme forecast to be £188,000. To 31 March 2025 a total loss of £108,000 had been recognised against the scheme, therefore the remaining expected loss of £80,000 was recognised as an impairment in the accounts for the year ended 31 March 2025 of HWR Phase 1 Stage 2 LLP and the Group.”
• “Hybrid planning permission was granted for the remaining stages of Phase 1 at Waterloo and Queen Street (WQS) in June 2021... Following announcements and updates to Building Regulations made in October 2023, the Members decided that the scheme would not be delivered under the existing design for blocks 1 and 2, which resulted in an impairment of £5,541,000 being recognised in the accounts for the year ended 31 March 2024 to write off the costs which were incurred on the original design.”
• “The Group has reviewed various options to bring forward a viable scheme on the masterplan. As an outcome of these assessments, Blocks 9 and 10 are now proposed to be brought forward as the first phase. This will be an affordable tenured phase... Initial feasibility studies were carried out in the fourth quarter of 2024, and subsequent pre-planning works were on-going at 31 March 2025.”
• “Elsewhere on the overall site, in February 2025 a planning application for 18 temporary modular homes was submitted for Block 5 (the last phase of the WQS masterplan).”
• “Planning consent was granted for Chippenham Road, the first site in phase 2, in February 2025.”
• “Farnham and Hilldene is the second site of Phase 2... A hybrid application comprising a full application for Phase 1 and an outline application for Phases 2-4 was submitted in March 2025, and the planning committee passed resolution to grant planning permission in November 2025.”

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

  +17.1%

  £8,783,000 → £10,283,000

• Cash

  +364.2%

  £341,000 → £1,583,000

• Net assets

  -7%

  £32,503,000 → £30,236,000

• Employees

  —

  Not reported

• Operating profit

  +61.9%

  -£5,266,000 → -£2,007,000

• Profit before tax

  +43.3%

  -£7,882,000 → -£4,473,000

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