THE PRS REIT (LBG) INVESTMENTS LLP

• ⚠

  Material uncertainty over going concern

  However, there is a material uncertainty that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of this report as a result of the proposed sale of the LLP by the ultimate controlling party, The PRS REIT plc. Given the expected change in ownership, the current directors cannot be certain about the Buyer's intention regarding the future operation of the LLP as a going concern, albeit that the Buyer has indicated that it intends to do so.

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

  +59.2%

  £2,766,744 → £4,403,754

• Cash

  —

  Not reported

• Net assets

  -24.9%

  £236,478 → £177,543

• Employees

  —

  Not reported

• Operating profit

  -323.4%

  £26,380 → -£58,935

• Profit before tax

  -323.4%

  £26,380 → -£58,935

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 101

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, there is a material uncertainty that may cast significant doubt on the LLP's ability to continue as a going concern for a period of at least 12 months from the date of this report as a result of the proposed sale of the LLP by the ultimate controlling party, The PRS REIT plc. Given the expected change in ownership, the current directors cannot be certain about the Buyer's intention regarding the future operation of the LLP as a going concern, albeit that the Buyer has indicated that it intends to do so.”

Group structure

1. THE PRS REIT (LBG) INVESTMENTS LLP · parent
   1. Sigma PRS Investments (Fishmoor Parcel 1) Limited · completed residential units owned
   2. Sigma PRS Investments (Houghton Regis Parcel 8A II) Limited · completed residential units owned
   3. Sigma PRS Investments (Houghton Regis Parcel 8 II) Limited · completed residential units owned

Significant events

• “On 3 November 2025, the Board of The PRS REIT plc ('PRS REIT') announced that it had entered into a conditional agreement for the Sale of The PRS REIT Holding Company Limited (PRS HoldCo), the PRS REIT's operating subsidiary, which holds the entirety of the PRS REIT's portfolio of property assets, including those of the Company, to UK Housing Platform Bidco Limited (the Buyer). ... Completion expected on or around 11 December 2025.”

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

Filings

9

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.