KEELE UNIVERSITY SCIENCE AND BUSINESS PARK LIMITED

• ⚠

  Material uncertainty over going concern

  Those forecasts are dependent on the University of Keele not seeking repayment of the amounts currently due to the group shown as Creditors: amounts falling due after one year... and providing additional financial support during that period. The University of Keele has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period covered by the forecasts. 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 although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.

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

  -57.5%

  £44,547 → £18,925

  lowest in 4 filed years

• Cash

  -50.2%

  £67,844 → £33,804

• Net assets

  -18%

  -£2,663,595 → -£3,143,829

  lowest in 4 filed years

• Employees

  -33.3%

  3 → 2

  lowest in 4 filed years

• Operating profit

  -20.1%

  -£275,070 → -£330,246

• Profit before tax

  +22.4%

  -£619,163 → -£480,234

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. KEELE UNIVERSITY SCIENCE AND BUSINESS PARK LIMITED 2005-01-11 → present
2. K & S (540) LIMITED 2004-08-26 → 2005-01-11

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Those forecasts are dependent on the University of Keele not seeking repayment of the amounts currently due to the group shown as Creditors: amounts falling due after one year... and providing additional financial support during that period. The University of Keele has indicated its intention to continue to make available such funds as are needed by the company, and that it does not intend to seek repayment of the amounts due at the balance sheet date, for the period covered by the forecasts. 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 although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

Significant events

• “In February 2021, an independent operator opened a new hotel on campus. As part of the agreements, upon practical completion of the Hotel, Keele University is required to underwrite the lease rental of up to £800,000 per annum for 37 years as an 'income guarantee' to Legal & General who will be long leasing the land and providing the funds to the external developer for the construction of the Hotel. Additionally, both Keele University and Keele University Science and Business Park Limited are jointly and severally liable for all the Tenant's (Keele Hotel Tenant Limited) covenants that are contained in the 37-year Occupational Lease for the Keele Marriott Hotel. These are the rent, repair, reinstatement and insurance liabilities for the Hotel which fall upon the Tenant.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

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