OTIUM LIFETIME FUNDING NO. 1 LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-04-10 (in 11mo)
Last made up 2026-03-27
Watchouts
None on the register
Cash
£4M
+560.5% vs 2023
Net assets
£4M
+20.2% vs 2023
Employees
0
Average over period
Profit before tax
£692K
-79.8% vs 2023
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | £3,432,000 | £692,000 | |
| Net profit | £3,432,000 | £692,000 | |
| Cash | £537,000 | £3,547,000 | |
| Total assets less current liabilities | £2,300,000 | -£1,358,000 | |
| Net assets | £3,432,000 | £4,124,000 | |
| Equity | £3,432,000 | £4,124,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| 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
+560.5%
£537,000 £3,547,000
-
Net assets
+20.2%
£3,432,000 £4,124,000
-
Employees
—
Not reported
-
Profit before tax
-79.8%
£3,432,000 £692,000
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 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 10.5% | 2.2% | |
| Current ratio | 0.40x | 0.65x |
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
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Deloitte LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As at 31 December 2024, the Company is showing a net asset position in the financial statements (2023: net asset). The Company has continued to perform in line with the programme documentation and the Directors have a reasonable expectation that the Company will continue to be able to repay its liabilities as they fall due through its liquid assets and its continued ability to draw down on the liquidity facility provided by Scottish Widows Limited for the foreseeable future. There are certain triggers included in the Transaction Documents to monitor the evolution of the asset risks. Asset performance is regularly monitored against these triggers. In the course of their regular review of risk, the Directors are confident that the triggers remain unbreached and will remain so for at least twelve months from when the financial statements are authorised for issue. The Directors have also considered the limited recourse nature of the issued notes. As a result, the Directors are of the view that the Company will continue to be a going concern for at least twelve months from the date of signing of the financial statements and accordingly the Company's financial statements have been prepared on a going concern basis.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CSC CORPORATE SERVICES (LONDON) LIMITED | Corporate Secretary | 2021-03-28 | — | — |
| WHITAKER, Paivi Helena | Director | 2021-03-28 | Jan 1963 | Finnish |
| CSC DIRECTORS (NO.3) LIMITED | Corporate Director | 2021-03-28 | — | — |
| CSC DIRECTORS (NO.4) LIMITED | Corporate Director | 2021-03-28 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Csc Corporate Services (London) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2021-03-28 | Active |
Filing timeline
Last 20 of 28 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-06 | AA | accounts | Accounts with accounts type full | |
| 2025-04-24 | CH01 | officers | Change person director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH02 | officers | Change corporate director company with change date | |
| 2025-04-24 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-04-24 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-04-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-04-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-12-11 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-11 | CH02 | officers | Change corporate director company with change date | |
| 2024-12-11 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-10-24 | AA | accounts | Accounts with accounts type full | |
| 2024-04-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-11-03 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-02 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2023-11-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 4
- 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.