LONG ISLAND ASSETS LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  —

  Not reported

• Cash

  -13.1%

  £8,790,524 → £7,637,157

• Net assets

  -24.4%

  £749,263,455 → £566,598,585

• Employees

  —

  Not reported

• Operating profit

  +3.3%

  £28,467,792 → £29,393,762

• Profit before tax

  -51.5%

  £194,785,270 → £94,479,759

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

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After evaluating the Company's business activities, financial position, capital, factors likely to affect its future development and performance, and its objectives and policies in managing the financial risks to which it is exposed, for at least the next 12 months from the date of signing these financial statements, the Company may be reliant on Barclays Bank PLC to meet its liabilities as they fall due for that period. Barclays Bank PLC has indicated its intention to continue to make available funds as needed by the Company for the period covered by the forecasts. Therefore, the Directors are satisfied that the Company has adequate access to resources to enable it to meet its obligations and to continue in operational existence for the foreseeable future. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Based on these indications, the Directors consider it appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “In January 2025, the Company's loans to Chapelcrest Investments Limited ('Chapelcrest', a group undertaking) with a prevailing aggregate fair value of approximately $6,351m were refinanced as: (i) floating rate loans with an aggregate principal of $6,000m; and (ii) fixed rate loans with an aggregate principal of approximately $351m. The Company designated those new loans at fair value through income statement (consistent with the tretament of the previous loans).”
• “In January 2025, the Company was released by Chapelcrest from all secured guarantees that the Company had previously provided to Chapelcrest.”
• “In January 2025, the Company's loan to Barclays Long Island Limited ('BLIL', the Company's immediate parent company) with a principal of approximately $556m was prepaid by BLIL.”
• “In January 2025, the Company paid an interim dividend of $500m to BLIL out of its 'other reserves'.”
• “On 15 December 2024, the Additional Tier 1 securities were repaid to the Company.”
• “In September 2024, in accordance with the contractual terms of the two subordinated notes, the instruments were redeemed at par.”

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.