LEGAL & GENERAL PENSIONS LIMITED

• ◆

  Material uncertainty over going concern

  Those forecasts are therefore dependent on LGAS providing additional financial support during that period. LGAS has indicated its intention to continue to make available such funds as are needed by the Company for the period covered by the forecasts via the LERA.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

• ·

  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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 101 Reduced Disclosure Framework

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Those forecasts are therefore dependent on LGAS providing additional financial support during that period. LGAS has indicated its intention to continue to make available such funds as are needed by the Company for the period covered by the forecasts via the LERA.”

Group structure

1. LEGAL & GENERAL PENSIONS LIMITED · parent
   1. LGPL No.2 Limited 100% · England and Wales
   2. SCBD S6 Trust 100% · Jersey
   3. Stratford City Offices (No.2) Jersey Unit Trust 99.98% · Jersey

Significant events

• “After the year end, the Company approved a UK Sale & Leaseback restructure introducing a new partnership structure, collapsing the existing notes programme and transferring Legal & General Pensions Limited under a newly established holding company, L&G Annuity S&L Limited. Completion of the restructure is expected on 1 March 2026. As approval occurred after the reporting date, this is treated as a non-adjusting event.”
• “In December 2025, the Company approved the disposal of the Box Lane, Barking asset to Legal & General Assurance Society Limited for £69 million. The associated loan notes were redeemed as part of the transaction. As the terms of the disposal were agreed after the reporting date, this is treated as a non-adjusting event.”

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

Filings

20

last 12 months

Capital events

3

last 24 months

Officers appointed

2

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.