SML STRAND PROPERTY 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

• Turnover

  -4.4%

  £9,884,000 → £9,447,000

• Cash

  -38.1%

  £5,636,000 → £3,486,000

• Net assets

  -37.6%

  £33,017,000 → £20,618,000

• Employees

  —

  Not reported

• Operating profit

  +35.7%

  £4,342,000 → £5,893,000

• Profit before tax

  +75.5%

  -£46,585,000 → -£11,398,000

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

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. SML STRAND PROPERTY LIMITED 2022-07-05 → present
2. LS CITY & WEST END LIMITED 2005-06-24 → 2022-07-05
3. SHELFCO (NO. 3050) LIMITED 2004-10-13 → 2005-06-24

Accounting basis

FRS 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Losses reduced from £47 million in the year ending 31 December 2023 to £12 million in the year ending 31 December 2024 and the company has net assets of £21 million. The ability of the company to continue as a going concern is dependent upon the continued support of its ultimate parent company, Sinarmas Land Limited, which has agreed to provide the necessary financial assistance in order for the company to meet its financial commitments as and when they fall due over the next 12 months from the date of signing the financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The UK economy continues to face challenges from sustained higher interest rates and inflation. These factors have increased borrowing costs and contributed to downward pressure on property valuations, as well as higher property operating expenses.”
• “There remains some uncertainly around occupier demand for office space, as tenants review their long-term requirements following the changing working landscape whereby many tenants are now looking for a smaller floorplates and more environmentally friendly working buildings.”

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

Filings

8

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.