TYNE FUNDING NO.1 PLC

• ⚠

  Material uncertainty over going concern

  The directors are therefore of the opinion that a material uncertainty on going concern exists which may cast significant doubt on the company's ability to continue as a going concern due to the potential that the call option may be exercised when it becomes available (Refer to going concern section in Directors' Report for further details).

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

  —

  Not reported

• Cash

  +44%

  £6,118,048 → £8,810,770

• Net assets

  -13.2%

  £8,990,774 → £7,800,104

• Employees

  —

  Not reported

• Operating profit

  0%

  £4,000 → £4,000

• Profit before tax

  +78.4%

  -£5,517,268 → -£1,189,670

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

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The directors are therefore of the opinion that a material uncertainty on going concern exists which may cast significant doubt on the company's ability to continue as a going concern due to the potential that the call option may be exercised when it becomes available (Refer to going concern section in Directors' Report for further details).”

Significant events

• “The principal balance of the underlying Mortgage Loans held by the Company decreased during the year from £223,643,178 at 31 December 2023 to £183,555,109 at 31 December 2024 as expected due to early redemption options availed by the underlying borrowers, scheduled repayments and amortised cost adjustment.”
• “A call option on purchasing the underlying Mortgage Loans becomes available to the option holder from the interest payment date in November 2026.”

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.