JOHN MENZIES PROPERTY 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-27 (this month)
Last made up 2025-05-13
Watchouts
Cash
—
Latest balance sheet
Net assets
£3M
-4.9% lowest in 4 filed years
Employees
3
-25% vs 2023
Profit before tax
—
Period ending 2024-12-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
In June 2023, the directors decided not to extend the lease with its landlord resulting in the maturity of all sub-lease agreements. The directors consider this to have resulted in the cessation of the company's trading activities in July 2023. The directors do not intend to seek a replacement trade for the company. Due to the cessation of the trade during the current year, these financial statements are prepared on a basis other than going concern.
Net assets
5-year trend · vs Real Estate median
Accounts
5-year trend · latest reflected 2024-12-31
| Metric | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £1,100,000 | — | |
| Operating profit | — | — | — | £13,000 | — | |
| Profit before tax | — | £551,000 | £79,000 | £10,000 | — | |
| Net profit | — | — | — | -£40,000 | -£132,000 | |
| Cash | — | — | — | — | — | |
| Total assets less current liabilities | — | £3,115,000 | £2,748,000 | £2,708,000 | £2,576,000 | |
| Net assets | — | — | — | £2,708,000 | £2,576,000 | |
| Equity | £509,000 | £2,743,000 | £2,748,000 | £2,708,000 | £2,576,000 | |
| Average employees | — | 3 | 2 | 4 | 3 | |
| Wages | — | £55,000 | £49,000 | £10,000 | — | |
| Directors' remuneration | — | — | — | — | — |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-4.9%
£2,708,000 £2,576,000
-
Employees
-25%
4 3
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|
| Operating margin | — | — | — | 1.2% | — | |
| Net margin | — | — | — | -3.6% | — | |
| Return on capital employed | — | — | — | 0.5% | — | |
| Gearing (liabilities / total assets) | — | — | — | 72.3% | 71.4% | |
| Current ratio | — | — | — | 1.38x | 1.40x | |
| Interest cover | — | — | — | 4.33x | — |
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.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Johnston Carmichael LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“In June 2023, the directors decided not to extend the lease with its landlord resulting in the maturity of all sub-lease agreements. The directors consider this to have resulted in the cessation of the company's trading activities in July 2023. The directors do not intend to seek a replacement trade for the company. Due to the cessation of the trade during the current year, these financial statements are prepared on a basis other than going concern.”
Significant events
- “In June 2023 a decision was taken not to extend the lease with the company's landlord resulting in the maturity of all of the company's sub-lease agreements and the cessation of the company's trading activities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 3 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GEDDES, John Francis Alexander | Secretary | 2018-02-05 | — | — |
| GEDDES, John Francis Alexander | Director | 2018-02-05 | Nov 1968 | British |
| MITCHELL, Laura | Director | 2025-01-13 | Nov 1984 | British |
| WALKER, Mervyn | Director | 2020-08-24 | Apr 1960 | Irish |
Show 3 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| DEVANEY, Christopher Michael | Director | 2024-03-25 | 2025-01-13 |
| TROLLOPE, David Alastair | Director | 2018-02-05 | 2024-03-25 |
| WILSON, Giles Robert Bryant | Director | 2018-02-05 | 2020-08-24 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| John Menzies Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2018-02-05 | Active |
Filing timeline
Last 20 of 36 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-09-22 | AA | accounts | Accounts with accounts type full | |
| 2025-05-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-13 | AP01 | officers | Appoint person director company with name date | |
| 2025-01-13 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-26 | AA | accounts | Accounts with accounts type full | |
| 2024-04-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-03-27 | AP01 | officers | Appoint person director company with name date | |
| 2024-03-27 | TM01 | officers | Termination director company with name termination date | |
| 2024-01-23 | AA | accounts | Accounts with accounts type full | |
| 2023-11-13 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-08-21 | CH01 | officers | Change person director company with change date | |
| 2023-08-18 | CH01 | officers | Change person director company with change date | |
| 2023-08-18 | CH03 | officers | Change person secretary company with change date | |
| 2023-07-27 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2023-03-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-23 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2022-12-15 | AA | accounts | Accounts with accounts type full | |
| 2022-12-14 | DISS40 | gazette | Gazette filings brought up to date | |
| 2022-11-29 | GAZ1 | gazette | Gazette notice compulsory | |
| 2022-08-23 | PSC05 | persons-with-significant-control | Change to a person with significant control without name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.