EARLS COURT (LONDON) LLP

• ⚠

  Material uncertainty over going concern

  The Designated Members have therefore resolved to prepare the financial statements on a going concern basis based on their assessment of the ability of the Group and Partnership to meet its liabilities and obligations for the foreseeable future, but to also disclose the presence of a material uncertainty that may cast significant doubt over the Group and Partnership's ability to continue as a going concern in respect of the obligations to the maturity of the current Homes England facility within the going concern assessment period as described above.

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

  -32.7%

  £2,550,000 → £1,716,000

• Cash

  -68.8%

  £16,827,000 → £5,246,000

• Net assets

  —

  Not reported

• Employees

  0%

  25 → 25

• Operating profit

  +99.8%

  -£39,334,000 → -£90,000

• Profit before tax

  +100.9%

  -£29,008,000 → £268,000

• Wages

  -2.2%

  £4,274,000 → £4,181,000

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

IFRS

Reporting scope

Consolidated group

Auditor

PricewaterhouseCoopers CI LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Designated Members have therefore resolved to prepare the financial statements on a going concern basis based on their assessment of the ability of the Group and Partnership to meet its liabilities and obligations for the foreseeable future, but to also disclose the presence of a material uncertainty that may cast significant doubt over the Group and Partnership's ability to continue as a going concern in respect of the obligations to the maturity of the current Homes England facility within the going concern assessment period as described above.”

Group structure

1. EARLS COURT (LONDON) LLP · parent
   1. Earls Court Investment Holdings Limited 100% · Jersey · Holding company
   2. EC Group Holdings Limited 100% · Jersey · Holding company
   3. EC Holdings Limited 100% · Jersey · Holding company
   4. EC Properties LP Limited 100% · Jersey · Real estate investment
   5. EC Properties Management Limited 100% · England and Wales · Management company
   6. Earls Court Limited 100% · England and Wales · Real estate investment
   7. EC Properties GP Limited 100% · England and Wales · Real estate investment
   8. EC Properties Limited Partnership 100% · England and Wales · Property Partnership
   9. EC Properties Nominee Limited 100% · England and Wales · Nominee company
   10. Earls Court (London) Guarantee Co. Ltd 100% · England and Wales · Dormant company
   11. Earls Court Partnership Limited 63% · England and Wales · Property company

Significant events

• “In July 2024, the Group submitted a Hybrid Planning Application...On 26 November 2025, the London Borough of Hammersmith & Fulham's Planning Committee approved a resolution to grant planning permission. This was followed by a resolution to grant being approved by the Planning Committee of the Royal Borough of Kensington & Chelsea on 16 December 2025. Following completion of Section 106 agreements, this will allow full grant of planning permission enabling the transformation of Central London's largest cleared development site.”
• “In 2022, Earls Court Partnership Limited ("the Company") a subsidiary of the Partnership entered into an agreement with London Underground Limited and Places for London Limited, related parties of the Company's non-controlling interest, to terminate an obligation to build a train stabling area. A Termination Premium of ",20.8m was agreed, payable over a three year period. The final payment of ",5.8m (2024: ",5.0m) was made and the balance fully settled during the year.”
• “Deferred obligation relates to payments resulting from the termination of an obligation to build a train stabling area. This was settled in the year ended 31 December 2025.”
• “Subsequent to 31 December 2025, Flat 4, 5 Eardley Crescent was sold in January 2026 for ",0.5m. The property was carried at ",0.6m (fair value less costs to sell) at 31 December 2025, resulting in a loss on disposal of ",0.1m.”

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

Filings

3

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.