CLS UK PROPERTY FINANCE 3 LIMITED

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  Material uncertainty over going concern

  Based on the above, the Company relies on its ultimate parent company for financial support, which is not guaranteed. Additionally, the company's assets and those of its subsidiaries serve as security for its loan. If the company is unable to continue as a going concern or comply with the terms of the loan agreement, its lenders may seek to exercise their rights in the loan agreement over the company's assets and those of its subsidiaries. This indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.

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  Going-concern uncertainty disclosed

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 —. Year-on-year comparison hidden: this filing covers about 12 months versus 17 months prior. About these numbers

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

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“Based on the above, the Company relies on its ultimate parent company for financial support, which is not guaranteed. Additionally, the company's assets and those of its subsidiaries serve as security for its loan. If the company is unable to continue as a going concern or comply with the terms of the loan agreement, its lenders may seek to exercise their rights in the loan agreement over the company's assets and those of its subsidiaries. This indicates that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern and therefore, the Company may be unable to realise its assets and discharge its liabilities in the normal course of business.”

Group structure

1. CLS UK PROPERTY FINANCE 3 LIMITED · parent
   1. 16 Tinworth Street (Residential) Limited 100% · UK · Property holding
   2. Spring Gardens III Limited 100% · UK · Property holding
   3. Spring Mews (Block D) Limited 100% · UK · Property holding
   4. Wandsworth Road limited 100% · UK · Property holding

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

Filings

4

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.