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Registered number: 15838508
LD PROP CO HOLDING LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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LD PROP CO HOLDING LIMITED
REGISTERED NUMBER: 15838508
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
M Filer
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The notes on pages 3 to 6 form part of these financial statements.
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LD PROP CO HOLDING LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Shares issued during the period
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The notes on pages 3 to 6 form part of these financial statements.
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LD PROP CO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
LD Prop Co Holding Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 15838508 and registered office is 8th Floor 100 Bishopsgate, London, United Kingdom, EC2N 4AG.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006 and the requirements of the Statement of Recommended Practice 'Accounting by Limited Liabilities Partnerships'. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The financial statements have been prepared on the going concern basis.
As at 31 December 2025, the Company had net liabilities of £4,615,393 and incurred a loss of £4,615,493 for the period. The Company's principal assets comprise loans receivable from subsidiary undertakings amounting to £51,864,972, which are funded through loans advanced by group undertakings. The loss for the period primarily reflects arrangement fees incurred in establishing the group's financing structure.
The directors have received confirmation that financial support will continue to be made available by the Company's ultimate parent and wider group for the foreseeable future and that group funding will remain available as required to enable the Company to meet its obligations as they fall due. The directors are also satisfied that the subsidiary undertakings will be able to meet their obligations to the Company in accordance with the terms of the intercompany funding arrangements.
Based on the above, the directors have a reasonable expectation that the Company will have adequate resources to continue in operational existence and meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements. Accordingly, the directors consider it appropriate to adopt the going concern basis in preparing these financial statements.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Investments in subsidiaries are measured at cost less accumulated impairment.
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LD PROP CO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short-term creditors are measured at the transaction price.
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The Company has no employees other than the directors, who did not receive any remuneration.
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Investments in subsidiary companies
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings represent loans to subsidiary undertakings and comprise £12,360,398 due from LD Prop Co 1 Limited, £27,207,319 due from LD Prop Co 2 Limited and £12,297,255 due from LD Prop Co 3 Limited.
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LD PROP CO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Amounts owed to group undertakings comprise interest free loans of £13,213 due to LD Prop Co 1 Limited, £7,662 due to LD Prop Co 2 Limited and £22,290 due to LD Prop Co 3 Limited.
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Creditors: Amounts falling due after more than one year
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Amounts owed to group undertakings
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The company has borrowings from Zorin Avenue Lend Co 1 Designated Activity Company comprising three separate loans, totalling £57,957,217, analysed as follows:
£14,230,310 due under Loan 258, £29,361,037 due under Loan 263 and £12,848,726 due under Loan 264.
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LD PROP CO HOLDING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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10,000 Ordinary shares of £0.01 each
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On incorporation, 10,000 ordinary shares were issued with a nominal value of £0.01 each.
The ultimate controlling party is Avenue Europe International Management L.P, a company registered in Luxembourg, by virtue of its majority shareholding.
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