LYME PROPERTIES LTD

• ⚠

  Material uncertainty over going concern

  The accounts have been prepared on a going concern basis in spite of the net current liability position. Directors acknowledge reliance on ultimate controlling party for financial support and that there can be no certainty that this support will continue, although they have no reason to believe it will not do so.

Figures converted to GBP from EUR at 0.870 per EUR (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

  -97.6%

  £948,517 → £23,055

• Net assets

  -0.1%

  £167,885,187 → £167,799,697

• Employees

  —

  Not reported

• Operating profit

  -4,728.3%

  £1,863 → -£86,226

• Profit before tax

  -4,676.6%

  £2,148 → -£98,305

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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

DJH Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The accounts have been prepared on a going concern basis in spite of the net current liability position. Directors acknowledge reliance on ultimate controlling party for financial support and that there can be no certainty that this support will continue, although they have no reason to believe it will not do so.”

Group structure

1. LYME PROPERTIES LTD · parent
   1. Caudwell Properties (France) Ltd 100% · England
   2. Provencal Investments S.A. 100% · Luxembourg
   3. Alba Properties S.A. 100% · Luxembourg
   4. Olive Properties S.A. 100% · Luxembourg
   5. Patio Properties S.A. 100% · Luxembourg
   6. Tennis Properties S.A. 100% · Luxembourg
   7. Marguerite Olivette SCCV 100% · France

Significant events

• “On 21st December 2023, a group company, Caudwell Properties (109) Ltd entered into a Facility Agreement with DB UK Bank Limited for £75m, secured on its development site. On 17th May 2024, the facility was extended by €120m, secured by cross guarantee and mortgage over the assets of Provencal Investments S.A., a fellow group company.”
• “Lyme Properties Ltd entered into a Share Pledge Agreement on 17th May 2024 to secure its shares in Provencal Investments S.A. There is another Share pledge agreement between Lyme Properties, Tennis Properties S.A. and Deustche Bank Luxembourg S.A.”

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.