YORKSHIRE BUILDING SOCIETY COVERED BONDS LLP
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Cash
£258M
+67.9% vs 2024
Net assets
-£11M
+27.1% vs 2024
Employees
—
Average over period
Profit before tax
£3.9M
+139.3% vs 2024
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | £0 | £0 | — | |
| Profit before tax | -£9,929,000 | £3,899,000 | +139.3% | |
| Net profit | -£9,929,000 | £3,899,000 | +139.3% | |
| Cash | £153,844,000 | £258,354,000 | +67.9% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | -£14,414,000 | -£10,515,000 | +27.1% | |
| Equity | -£14,414,000 | -£10,515,000 | +27.1% | |
| Average employees | — | — | — | |
| Wages | — | — | — | |
| Members' remuneration | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Gearing (liabilities / total assets) | 100.3% | 100.2% | |
| Interest cover | 0.00x | 0.00x |
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
- Standalone (parent only)
- Auditor
- PricewaterhouseCoopers LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The accumulated losses as at 31 December 2025 of £10.5 million deficit (2024: £14.4 million deficit) is wholly driven by fair value adjustments on derivatives which do not affect the liquidity of the LLP and are expected to reverse in future years. As there are no plans to terminate the operations of the LLP within twelve months of signing these financial statements, the members of the LLP have a reasonable expectation that the LLP will have sufficient liquid resources available to continue in operation for the foreseeable future and be able to meet its obligations as they fall due. It is therefore considered appropriate to adopt the going concern basis in preparing the financial statements.”
Significant events
- “£507.7 million Covered Bonds were issued during the year and there were no maturities.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| YBS COVERED BONDS FINANCE LIMITED | Corporate LLP Designated Member | 2006-09-22 | — | — |
| YORKSHIRE BUILDING SOCIETY | Corporate LLP Designated Member | 2006-09-22 | — | — |
| ACCORD MORTGAGES LIMITED | Corporate LLP Member | 2021-09-06 | — | — |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ybs Covered Bonds Finance Limited | Corporate entity | Surplus assets 25–50% (LLP) | 2026-02-27 | Active |
| Yorkshire Building Society | Corporate entity | Voting 25–50% (LLP), Surplus assets 25–50% (LLP), Appoints members (LLP) | 2026-02-27 | Active |
| Accord Mortgages Limited | Corporate entity | Voting 25–50% (LLP), Surplus assets 25–50% (LLP) | 2026-02-27 | Active |
Filing timeline
Last 20 of 61 total filings
Material constitutional events — rename, articles re-file, resolution
- 2021-10-07 LLDE01 Change of status limited liability partnership
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-30 | LLMR01 | mortgage | Mortgage create with deed with charge number charge creation date limited liability partnership | |
| 2026-04-16 | AA | accounts | Accounts with accounts type full | |
| 2026-02-27 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2026-02-27 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2026-02-27 | LLPSC02 | persons-with-significant-control | Notification of a person with significant control limited liability partnership | |
| 2026-02-27 | LLPSC09 | persons-with-significant-control | Withdrawal of a person with significant control statement limited liability partnership | |
| 2025-07-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-04-14 | AA | accounts | Accounts with accounts type full | |
| 2024-07-10 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-01 | AA | accounts | Accounts with accounts type full | |
| 2023-07-11 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-04-06 | AA | accounts | Accounts with accounts type full | |
| 2022-07-12 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-04-11 | AA | accounts | Accounts with accounts type full | |
| 2021-10-07 | LLAP02 | officers | Appoint corporate member limited liability partnership with appointment date | |
| 2021-10-07 | LLDE01 | change-of-name | Change of status limited liability partnership | |
| 2021-07-28 | LLCS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-06-28 | AA | accounts | Accounts with accounts type full | |
| 2020-07-30 | AA | accounts | Accounts with accounts type full | |
| 2020-07-14 | LLCS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 7
- 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.