Multi Industrial Iona 1 Limited
Other letting and operating of own or leased real estate · London
ActiveUnited KingdomIncorporated 2024Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
−£503,592
Cash
£2,205,238
Turnover
—
Profit / loss
£553,182
Current assets
£3,245,937
Creditors < 1 year
£3,509,773
Equity
−£503,592
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-319 months · Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | −£503,592 | −£3,594,026 |
| Equity | −£503,592 | −£3,594,026 |
| Share capital | £100 | £1 |
| Retained earnings | −£3,040,845 | −£3,594,027 |
| Assets | ||
| Fixed assets | £87,285,000 | £83,645,000 |
| Current assets | £3,245,937 | £3,792,338 |
| Cash at bank | £2,205,238 | £2,840,010 |
| Debtors | £1,040,699 | £952,328 |
| Liabilities | ||
| Creditors within one year | £3,509,773 | £3,358,715 |
| Creditors after one year | £87,170,542 | £87,967,722 |
| Bank loans & overdrafts | £47,961,991 | £47,680,944 |
| Provisions | £354,214 | — |
| Net current assets | −£263,836 | £433,623 |
| Assets less current liabilities | £87,021,164 | £84,078,623 |
| Profit & loss | ||
| Gross profit | £5,277,639 | £3,080,531 |
| Administrative expenses | £1,012,906 | £695,018 |
| Other operating income | £10,000 | £10,000 |
| Operating profit | £6,301,945 | £797,119 |
| Interest receivable | £13,160 | £5,770 |
| Interest payable | £4,746,487 | £3,942,124 |
| Profit before tax | £1,205,962 | −£2,993,108 |
| Tax | £652,780 | £600,919 |
| Profit / loss | £553,182 | −£3,594,027 |
| Operating costs | ||
| Audit fees | £27,500 | £27,500 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The Company acts as a commercial property investment company.
- What it does
- commercial property · property investment · rental income · service charge income (AI keywords)
- Auditor
- Ernst & Young · senior statutory auditor Dean Phillips
- Audit opinion
- Clean (unmodified)
- Immediate parent
- HEREP III Master Holdco S.a.r.l. · Luxembourg
- Ultimate parent
- HEREP III SCSp · Luxembourg
- Ultimate controlling party
- HEREP III SCSp
- Accounts
- Small company · FRS 102
- Approved
- signed by Barry Edward Hindmarch
Turnover by segment (6)
- Rental income: 4,856,635 (2025-12-31)
- Service charge income: 421,004 (2025-12-31)
- Rental income: 2,904,901 (2024-12-31)
- Service charge income: 175,630 (2024-12-31)
- United Kingdom: 5,277,639 (2025-12-31)
- United Kingdom: 3,080,531 (2024-12-31)
Related parties (6)
- Hines UK Limited · related party · asset management fees charged to profit and loss · £129,454 (2024: £84,553)
- Hines Europe Real Estates Investment Limited · related party · strategic property advisory services charged to profit and loss · £128,710 (2024: £84,553)
- Helix Property Advisors Limited · related party · corporate reporting services charged to profit and loss · £33,500 (2024: £25,329)
- Helix Property Advisors Limited · related party · property advisory fees charged to profit and loss · £61,128 (2024: £3,867)
- Hines UK Limited · related party · asset management fees payable at year end · £32,274 (2024: £32,788)
- Hines Europe Real Estates Investment Limited · related party · strategic property advisory services payable at year end · £32,274 (2024: £32,788)
Borrowings (2)
- Investec loan facility · from Investec Bank PLC · 47,961,991 · all-in rate of 6.25% fixed until 26 April 2026 when it moved to variable rate of 2.15% Margin plus SONIA capped at 5.25% until expiry · repayable in full on 3 October 2027
- Amounts owed to group undertakings · 39,140,968 · a blended rate of 13% · repayable in full on 31 December 2027
Shares issued in the year (1)
- 99 Ordinary · for £2,537,153 of share premium attached to them · 2025-01-07
Directors' report (3)
- Raquel Godoy-Mellado
- Barry Edward Hindmarch
- Briony Jayne Rea
Share classes (1)
- 100 Ordinary of £1.00
Events after the year end (2)
- There have been no significant events affecting the Company since the year end.
- No significant subsequent events were noted by the Board of Directors.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesFloating · created 2024-10-03
—
Outstanding