PROPERTY LENDING LLP

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

  -7.3%

  £26,544,947 → £24,597,750

• Cash

  -36.8%

  £74,221,389 → £46,939,678

• Net assets

  -11%

  £331,152,764 → £294,769,091

• Employees

  —

  Not reported

• Operating profit

  -21.7%

  £21,181,845 → £16,585,281

• Profit before tax

  -20.3%

  £22,647,308 → £18,051,410

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. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the members' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “During the year the LLP accepted an offer to exit in full from a loan facility at a value which incurred a loss of £0.4 million of the original capital issued to the borrower. The development site on which the facility was secured had suffered significant delays and was in receivership. With alternative options discounted, the land was auctioned and an offer accepted at the reserve price. This is the first recorded capital loss for the LLP since it's inception in 2012.”
• “The LLP also recognised a provision of £1.9 million relating to interest (including default interest) on a loan facility that has entered receivership.”
• “One further facility with a maximum drawdown value of £15.1 million has been issued.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

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.