BETTERSTORE SELF STORAGE OPERATIONS 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

  -2.8%

  £9,267,659 → £9,008,316

• Cash

  -81.3%

  £764,464 → £142,735

• Net assets

  -233.2%

  £58,600 → -£78,056

• Employees

  +14.5%

  117 → 134

• Operating profit

  -92.7%

  £695,205 → £50,457

• Profit before tax

  -145.5%

  £521,785 → -£237,539

• Wages

  +4.7%

  £5,053,819 → £5,293,824

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

BDO LLP Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As a result of this assessment, the directors are confident about the ability of the group or the company to continue as a going concern. Thus, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.”

Significant events

• “The Group's turnover for the year decreased compared to the prior year, primarily due to changes in internal recharge arrangements. Following its conversion to UK Real Estate Investment Trust (REIT) status, the Group reassessed certain internal processes, including the recharge arrangement between Betterstore O”
• “The transfer pricing fees absorbed during the second half of the financial year amounted to £643,000. Had these fees been recharged, turnover and operating profit would have been £9,651,316 (Turnover per the Statement of Comprehensive Income: £9,008,316) and £693,457 (Operating profit per the Statemen”
• “On 04 December 2024, further share options were awarded to employees under the same plan, with the awards also being settled with the issue of Ordinary shares in the ultimate parent company, Stor-Age Property REIT Limited. The vesting period ends on 1 September 2027.”
• “263 956 Shares vested on 01 September 2024.”
• “During the year under review an equity contribution was made by the ultimate parent company, Stor-Age Property REIT Limited, to the value of £184 979.”
• “During the current year the balance of £227 741 (vested shares) was transfered to the capital contribution from ultimate parent reserve.”

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

Filings

2

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.