COMPANY 85 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

  -69.5%

  £14,580,215 → £4,443,944

• Cash

  -89.7%

  £1,123,364 → £115,895

• Net assets

  +3.2%

  £7,833,434 → £8,083,382

• Employees

  —

  Not reported

• Operating profit

  -99.2%

  £1,141,125 → £8,947

• Profit before tax

  -72.7%

  £1,320,045 → £360,707

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.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 30 June 2024 the company had net assets of £8,083,382, cash of £115,895 and net current assets of £7,743,082, of which £7,995,449 is held within the Telstra Group Limited treasury fund, under a group banking arrangement and is available upon demand. The company meets its day to day working capital needs through cash generated from operations and by drawing down upon the amount held under the group banking arrangement. Based on this information and on enquiries, the directors believe that Telstra Group Limited has the ability to provide group banking arrangements to the Company for the going concern assessment period, which the directors regard as 12 months from the date of this report. The ultimate parent, Telstra Group Ltd, has also provided a letter of support to the Company, offering comfort that financial support will be provided to help the Company meet its liabilities as they come due, as long as the Company does not have sufficient funds available to cover these liabilities, for a period to 31 May 2026. This support from Telstra Group Ltd provides assurance to the Company and its stakeholders about its financial stability over the next 12 months. Taking into account the position of the ultimate parent and their future plans as detailed in the Future Developments section above the directors are of the view, to the best of their current knowledge, that the company has access to sufficient cash resources to continue as a going concern. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On 30 August 2024, company declared and paid dividend of £5,000,000 to its immediate parent - Telstra UK Ltd.”

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

Filings

7

last 12 months

Capital events

0

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.