STEPHENSON QUARTER DEVELOPMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 2.2 to the financial statements, which sets out that the Company's ability to continue as a going concern is dependent upon the availability of both short term and longer term funding which is currently being negotiated. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.

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

• Turnover

  +56.7%

  £2,016,027 → £3,158,705

  highest in 4 filed years

• Cash

  -61.4%

  £177,940 → £68,702

  lowest in 4 filed years

• Net assets

  +40.9%

  -£10,450,883 → -£6,180,329

  highest in 4 filed years

• Employees

  —

  Not reported

• Operating profit

  +3,349.1%

  -£135,019 → £4,386,859

  highest in 4 filed years

• Profit before tax

  +2,026.9%

  -£220,748 → £4,253,608

  highest in 4 filed years

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

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.

1. STEPHENSON QUARTER DEVELOPMENTS LIMITED 2004-06-07 → present
2. DAWNFLAG LIMITED 2004-03-17 → 2004-06-07

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

HaysMac LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 2.2 to the financial statements, which sets out that the Company's ability to continue as a going concern is dependent upon the availability of both short term and longer term funding which is currently being negotiated. As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern.”

Significant events

• “During the year, Stephenson Hotel Limited a company in the same group as this entity was placed on administration. As a result of the administration a consensual agreement was reached. As a result of the agreement, balances owed to Group companies were written off and a corresponding £4,611,556 was recognised as other operating income.”

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

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.