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UAI U And I Group Plc

148.50
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
U And I Group Plc LSE:UAI London Ordinary Share GB0002668464 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 148.50 148.50 149.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Development Securities PLC Preliminary Results -27-

29/04/2015 7:02am

UK Regulatory


its financial interests:

 
                                                                                                 2015      2014 
Project/partner                      Project activity            Accounting classification    GBP'000   GBP'000 
===================================  ==========================  ==========================  ========  ======== 
Atlantic Park (Bideford) 
 Limited                             Strategic land investment   Investment in associates         276       276 
Barwood Development Securities 
 Limited                             Strategic land investment   Investment in associates       2,500     2,500 
Barwood Land and Estates 
 Limited                             Strategic land investment   Investment in associates       1,500     1,500 
CDSR Burlington House Developments 
 Limited                             Property development        Investment in associates       3,977         - 
Wessex Property Fund                 Property investment         Investment in associates           -         - 
Beyond Green Developments 
 Limited                             Property development        Development properties         6,923     6,437 
Wessex Investors                     Property development        Development properties         4,752     3,818 
Grantham Associates Limited          Hotel operator              Trading property               4,267     4,267 
Cathedral (Greenwich Beach) 
 Limited                             Property development        Financial assets                   -     4,433 
Cathedral (Movement, Greenwich) 
 LLP                                 Property development        Financial assets               1,329       829 
Northpoint Developments 
 Limited                             Property development        Financial assets              18,195    16,990 
                                                                 Investment in joint 
Curzon Park Limited                  Property development         ventures                          -         - 
Curzon Park Limited                  Property development        Financial assets               8,450     6,150 
Deeley Freed Limited                 Property development        Financial assets               9,487         - 
Property Alliance Group              Property development        Financial assets               1,500     1,500 
Accrue Student Housing                                           Investment in joint 
 GP Limited                          Student accommodation        ventures                      1,766     1,601 
                                                                 Investment in joint 
Becket House Unit Trust              Investment property          ventures                      5,897         - 
                                                                 Investment in joint 
Cathedral (Brighton) Limited         Property development         ventures                      4,523         - 
Development Equity Partners                                      Investment in joint 
 Limited                             Property development         ventures                        276       276 
                                                                 Investment in joint 
DSP Tirol Limited                    Investment property          ventures                      5,043         - 
                                                                 Investment in joint 
DS Renewables LLP                    Property development         ventures                          -         - 
The Esplanade Partnership                                        Investment in joint 
 Limited                             Property trading             ventures                          -       522 
Harwell Oxford Developments                                      Investment in joint 
 Limited                             Property development         ventures                      7,067     6,140 
Kensington & Edinburgh 
 Estates 
 (South Woodham Ferrers)                                         Investment in joint 
 Limited                             Property development         ventures                        448       163 
Manchester Arena Complex                                         Investment in joint 
 LP                                  Investment property          ventures                        175        61 
Notting Hill (Guernsey                                           Investment in joint 
 Holdco) Limited                     Property development         ventures                      7,064     6,569 
Opportunities of Sittingbourne                                   Investment in joint 
 Limited                             Property development         ventures                        118         - 
                                                                 Investment in joint 
Orion Land & Leisure Limited         Property development         ventures                      2,716     3,686 
                                                                 Investment in joint 
Purplexed LLP                        Property development         ventures                          -     9,332 
                                                                 Investment in joint 
Winnebago Holdings Sarl              Investment property          ventures                      5,451     3,430 
===================================  ==========================  ==========================  ========  ======== 
                                                                                              103,700    80,480 
  =========================================================================================  ========  ======== 
 

The aggregate amounts included within each relevant Balance Sheet account are as follows:

 
                                     2015      2014 
                                  GBP'000   GBP'000 
===============================  ========  ======== 
Investment in associates            8,253     4,276 
Investment in joint ventures       40,544    31,780 
Financial assets - current          1,700     1,700 
Financial assets - non-current     37,261    28,202 
Development properties             11,675    10,255 
Trading properties                  4,267     4,267 
===============================  ========  ======== 
                                  103,700    80,480 
===============================  ========  ======== 
 
   16   Post balance sheet events 

As at 28th February 2015, the Group had exchanged contracts for the sale of a trading asset. This sale has since successfully completed.

As part of the acquisition of Cathedral,, the Group acquired a 50 per cent holding of Cathedral (Brighton) Limited with McLaren Property Limited holding the remaining 50 per cent. Since the year end the Group has acquired McLaren's 50 per cent holding and therefore now holds 100 per cent of Cathedral (Brighton) Limited.

Glossary

-- Operating profit: stated after gain on disposal of investment properties and the revaluation of the Investment property portfolio and before the results of associates, jointly controlled entities and finance income and costs.

-- IPD Index and Total Portfolio Return: total return from the completed investment property portfolio, comprising net rental income or expenditure, capital gains or losses from disposals and revaluation surpluses or deficits, divided by the average capital employed during the financial year, as defined and measured by Investment Property Databank Limited, a company that produces independent benchmarks of property returns.

-- Total Shareholder Return: movement in share price over the year plus dividends paid as a percentage of the opening share price.

-- Gearing: expressed as a percentage, is measured as net debt divided by total shareholders' funds.

-- Adjusted gearing: expressed as a percentage, is calculated by deducting from net debt the current fair value of the subordinated loan notes and adding back relevant restricted cash balances and transaction costs.

-- Loan to value gearing: expressed as a percentage of net debt as a proportion of total property assets, including shares of properties and net debt in all projects in partnership.

-- Net debt: total debt less cash and short-term deposits, including cash held in restricted accounts.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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