ADRIATIC LAND 7 (GR1) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

1. ADRIATIC LAND 7 (GR1) LIMITED 2018-01-09 → present
2. SEATON GR SPV 6 LIMITED 2013-04-02 → 2018-01-09

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

“The Company had a net current liability position of £8,307,000 (2023: £7,805,000). An amount of £8,269,000 (2023: £7,757,000) included in the net current liabilities relates to amount due to the ultimate parent for shareholder and senior loans. The Company has received a letter of support from its ultimate parent company confirming that the intercompany loan as disclosed in note 6 will not be demanded to.the. extent that the demand would jeopardise the ability of_the. Company to meet its liabilities as they fall due. 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

• “As a result of the potential impact of these provisions, and the lack of any compensatory measure within the Act, the Company issued a claim against the UK Government (through the Crown) in the Administrative Division of the High Court, challenging the compatibility of the above reforms with Article 1 Protocol 1 of the European Convention on Human Rights (as enacted in the UK by the Human Rights Act 1998), due to unlawful interference with its legitimate property rights. The proceedings were issued in August 2024, with parallel proceedings issued in the European Court of Human Rights in September 2024.”
• “On 27th November 2023 the government's Leasehold and Freehold Reform Bill was published, which was subject to extensive amendment during the various stages of the parliamentary process. At the year end, this process remained incomplete.”
• “The first King's Speech under the new Labour government, published on 17th July 2024, included a pledge to publish a draft Leasehold and Commonhold Reform Bill for public consultation, as well as to bring forward legislation protecting the rights of rental tenants, via a new Renters Rights Bill, the draft of which was published in September 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

  -5%

  £261,000 → £248,000

• Cash

  +4.8%

  £42,000 → £44,000

• Net assets

  -153.3%

  £2,300,000 → -£1,225,000

• Employees

  —

  Not reported

• Operating profit

  -479.4%

  -£499,000 → -£2,891,000

• Profit before tax

  -219.6%

  -£1,103,000 → -£3,525,000

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