PALIO (NO 6) LIMITED

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

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

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Company relies on the dividend and other distributions from its underlying investment to meet its interest and other obligations. Whilst the Company holds a single asset investment, the investment's income stream is substantially back by the UK Government. Consequently, the Directors have assessed the future cashflow projections and concluded that the Company has sufficient cashflow projections to cover its liabilities and that no severe but plausible downside event would prevent the Company from being able to meet its liabilities as they fall due. As at 31 December 2024, the Company is in a net current liability position, primarily due to the loan payable to Fenton UK 7 Limited, the parent Company, which is repayable on demand. The Directors of Fenton UK 7 Limited have provided a letter of financial support indicating their intention to not call for repayment of the outstanding amount payable for at least 12 months from the date of approval of these financial statements. As with any company placing reliance on other group entities for financial support, the Directors acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so. Consequently, the Directors consider that the Company will have sufficient funds to continue to meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. PALIO (NO 6) LIMITED · parent
   1. Regenter LCEP Holdco Limited 100% · England and Wales · Project holding company for the underlying investment
   2. Regenter LCEP Limited 100% · England and Wales · Reburbishment, maintenance and management of around 1000 local authority homes

Significant events

• “The Company currently holds 100% interest in Regenter LCEP Holdco Limited which then holds 100% interest in Regenter LCEP Limited.”
• “The Company's profit after tax for the year is £349,000 (2023: loss of £3,685,000).”
• “In the absence of formal repayment schedules, the debt owed to the Company's immediate parent entity has been reclassified from a non-current liability to a current liability in the year ended 31 December 2023. The adjustment has been made to reflect the repayable on-demand nature of the loan.”

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

Filings

2

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.

• Turnover

  +12.2%

  £156,000 → £175,000

• Cash

  —

  Not reported

• Net assets

  +5.2%

  £6,775,000 → £7,124,000

• Employees

  —

  Not reported

• Operating profit

  +114.8%

  -£3,529,000 → £524,000

• Profit before tax

  +109.5%

  -£3,685,000 → £349,000

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