ADRIATIC LAND 8 (GR2) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

1. ADRIATIC LAND 8 (GR2) LIMITED 2018-11-02 → present
2. PGL (117) LIMITED 2012-10-26 → 2018-11-02

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

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“It is on this basis that the Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Furthermore, this conclusion has been reached based on reviews conducted in relation to the future performance and cash flow forecasts for at least 12 months from the date of approval of the audited financial statements. Accordingly, the Directors deem the going concern basis to be appropriate in preparing these financial statements.”

Significant events

• “The Building Safety Act 2022 (BSA) became law in June 2022 and legislates the government intervention and regulation around building safety for residential building owners. During the year, secondary legislation came into force on 6 April 2023 and 1 October 2023.”
• “On 9 November 2023 the government launched a consultation on restricting ground rent in existing leases.”
• “The Leasehold and Freehold Reform Act 2024 ("LFRA") received Royal Assent on the 24 May 2024. The Company issued a claim against the UK Government (through the Crown). The proceedings were issued in August 2024.”

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

Filings

3

last 12 months

Capital events

0

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.

• Turnover

  +1.7%

  £887,000 → £902,000

• Cash

  -55.8%

  £120,000 → £53,000

• Net assets

  -82.1%

  £21,155,000 → £3,793,000

• Employees

  —

  Not reported

• Operating profit

  -2,465%

  £635,000 → -£15,018,000

• Profit before tax

  -1,016.8%

  -£1,551,000 → -£17,322,000

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