BRICKMOOR V LONDON LIMITED

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

  +148.4%

  £250,000 → £621,000

  highest in 3 filed years

• Cash

  +231.1%

  £132,000 → £437,000

  highest in 3 filed years

• Net assets

  +10.7%

  -£922,000 → -£823,000

• Employees

  —

  Not reported

• Operating profit

  +149.3%

  -£671,000 → £331,000

  highest in 3 filed years

• Profit before tax

  +114.8%

  -£671,000 → £99,000

  highest in 3 filed years

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on a going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. In assessing the Company's ability to continue as a going concern, the Directors have reviewed the trading and cash flow forecasts of the Group against the available financing facilities and covenants which include the Directors' assessment of the impact of inflation, rising interest rates and the wider economic environment. These forecasts incorporate the refinancing with National Westminster Bank Public Limited Company on 27 March 2024 and show that the Company has adequate resources to continue in operational existence for the foreseeable future and remain in compliance with debt covenants throughout the forecast period The Company has received confirmation from its immediate parent undertaking, BrickMoor V Investments Limited, and its ultimate controlling party, MREF V GP Limited on behalf of MREF V "B" Limited Partnership and MREIT CIV1 Limited Partnership, that they will not recall the amounts owed to group undertakings for a period of at least 12 months from the date of signing. For the reasons set out above the Directors believe that the Company has the ability to continue to meet its liabilities as they fall due for at least 12 months from the date of the approval of the financial statements and therefore consider it appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “refinancing with National Westminster Bank Public Limited Company on 27 March 2024”
• “MREIT Limited, which became a UK REIT on 19 October 2023”
• “During the year the Company entered into interest rate swaps to receive interest at SONIA and pay interest at a fixed rate of 4.16%. The swaps are based on a principal amount of £3,131,000 and mature on 28 March 2028. The instruments are used to hedge the Company's exposure to interest rate movements on the bank loan facility.”

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.