BROOKGATE LIMITED

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 102

Reporting scope

Consolidated group

Auditor

Larking Gowen LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“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's or the Parent Company'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. BROOKGATE LIMITED · parent
   1. Brookgate Property Limited 100% · England and Wales · Commercial property trading and development
   2. Brookgate Land Limited 100% · England and Wales · Land trading and development
   3. Roselead Limited 100% · England and Wales · Provision of housing services under PFI contract
   4. Roselead (Wattisham) Limited 100% · England and Wales · Intermediate holding company
   5. Roselead Holdings Limited 100% · England and Wales · Intermediate holding company
   6. Brookgate Homes Limited 100% · England and Wales · Residential property development
   7. Brookgate Development Management Limited 100% · England and Wales · Planning and project management
   8. CB1 Management Company Limited 100% · England and Wales · Estate management
   9. CB4 Management Company Limited 100% · England and Wales · Estate management
   10. 3&4 Station Square Management Company Ltd 100% · England and Wales · Dormant
   11. Brookgate (Hills Road) Limited 100% · England and Wales · Dormant
   12. Greenways (Ravenswood) Limited 100% · England and Wales · Dormant
   13. Greenways Holdings Limited 100% · England and Wales · Dormant
   14. Spaceship Group Limited 100% · England and Wales · Dormant

Significant events

• “Letting progress at 10 Station Road was slow following the withdrawal of a prospective tenant who had agreed to lease the whole building in late 2024. At the date of this report the building is approximately 80% vacant.”
• “Realisation of work in progress at 3 & 4 Station Square, Cambridge has been delayed as Weston Homes (who remain the head leaseholder for the residential tenants until snags are completed) are endeavouring to complete the final snagging works. The commercial elements of the building are fully occupied.”
• “The commercial development of the final site at CB1 has proved difficult to bring forward in the current market in terms of viability which is hampered by the need to re-provide all of the railway parking spaces. The Directors consider that the impairment provision made in 2024 against costs expended on this project remains appropriate.”
• “The future strategy for Roselead Limited is to continue to provide housing services for the remaining years of the PFI contract and then to sell the properties that are held for the purposes of fulfilling the company's trade - either to the Ministry of Defence under the terms of the PFI contract if they so elect, or on the open market when no longer required to meet the contract. The Company has no indentation of retaining the properties in the medium term and will undertake a phased disposal programme if the properties are not required by the MOD.”
• “The significant economic uncertainty and lack of growth in the UK economy, the "cost of living crisis" and increases in funders required investment returns have fed through into higher construction costs and funding hurdle rates. There has been a significant headwind for the business; leading to a pause, hopefully for the short term, in development activity at Cambridge CB1. The delivery of further phases at Cambridge North has also been slowed down because of the macro-economic factors set out above.”
• “Under the promotion agreement with Network Rail and the development with Network Rail and their partners for the delivery of 425 residential units at the Cambridge North site, Brookgate Land Limited, a subsidiary of Brookgate Limited, has agreed to bring forward utilities works for the residential site at its expense which will be recovered from the Cambridge North landowners out of future land disposals under the promotion agreement. The Directors best estimate of the minimum cost commitment of these works to comply with their obligations under the draft development agreement are estimated at approximately £2,125,000.”

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

1

last 12 months

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