LONDON CARDS NO.2 PLC
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2025-03-31
Confirmation statement due
2026-12-13 (in 7mo)
Last made up 2025-11-29
Watchouts
Cash
£36M
Latest balance sheet
Net assets
£14K
Equity attributable
Employees
0
Average over period
Profit before tax
£1K
Period ending 2025-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The Notes payable, presented under Creditors: amounts due after 12 months in the financial statements have scheduled redemption date of March 2027, on which date, unless an extension notice is served by the Parent in accordance with the terms of the securitisation transaction, a full redemption of the Notes will occur. In the event an extension notice is served by the Parent, the interest margin on each tranche of Notes payable increases by 100bp and the term increases by 12 months. In the event of a full redemption, this would result in the cessation of trading for the Company. As at the date of approval of these financial statements, the Directors are considering the alternatives available and although there is no legal obligation or confirmed intention to wind up the Company following such an event, the Directors have assessed that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | — | — | |
| Profit before tax | — | £1,000 | |
| Net profit | — | £1,000 | |
| Cash | — | £36,108,000 | |
| Total assets less current liabilities | — | £332,514,000 | |
| Net assets | £13,000 | £14,000 | |
| Equity | £13,000 | £14,000 | |
| 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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | — | 100.0% | |
| Current ratio | — | 195.81x |
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 102
- Reporting scope
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The Notes payable, presented under Creditors: amounts due after 12 months in the financial statements have scheduled redemption date of March 2027, on which date, unless an extension notice is served by the Parent in accordance with the terms of the securitisation transaction, a full redemption of the Notes will occur. In the event an extension notice is served by the Parent, the interest margin on each tranche of Notes payable increases by 100bp and the term increases by 12 months. In the event of a full redemption, this would result in the cessation of trading for the Company. As at the date of approval of these financial statements, the Directors are considering the alternatives available and although there is no legal obligation or confirmed intention to wind up the Company following such an event, the Directors have assessed that these conditions indicate the existence of a material uncertainty which may cast significant doubt about the Company's ability to continue as a going concern.”
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 (UK) LIMITED | Corporate Secretary | 2023-11-30 | — | — |
| STERNBERG, Aline | Director | 2023-11-30 | Jul 1988 | Belgian |
| CSC DIRECTORS (NO.1) LIMITED | Corporate Director | 2023-11-30 | — | — |
| CSC DIRECTORS (NO.2) LIMITED | Corporate Director | 2023-11-30 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| London Cards Holdings Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-11-30 | Active |
Filing timeline
Last 10 of 10 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-12-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-24 | AA | accounts | Accounts with accounts type full | |
| 2024-12-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-10-13 | AA | accounts | Accounts with accounts type dormant | |
| 2024-04-16 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-01-08 | CERT8A | incorporation | Legacy | |
| 2024-01-08 | SH50 | reregistration | Application trading certificate | |
| 2024-01-04 | SH01 | capital | Capital allotment shares | |
| 2023-12-06 | AA01 | accounts | Change account reference date company current shortened | |
| 2023-11-30 | NEWINC | incorporation | Incorporation company |
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.