PROJECT LIGHT DEVELOPMENT 1 LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-24 (in 9mo)
Last made up 2026-02-10
Watchouts
Cash
£1K
-83.3% vs 2024
Net assets
£90M
-2.7% vs 2024
Employees
0
Average over period
Profit before tax
-£884K
-142.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £491,000 | -£26,000 | |
| Profit before tax | £2,063,000 | -£884,000 | |
| Net profit | £2,063,000 | -£884,000 | |
| Cash | £6,000 | £1,000 | |
| Total assets less current liabilities | £92,694,000 | £90,232,000 | |
| Net assets | £92,694,000 | £90,232,000 | |
| Equity | £92,694,000 | £90,232,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | 0.5% | -0.0% | |
| Current ratio | -15.82x | -20.94x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result, the directors believe that preparing the financial statements on the going concern basis is appropriate and that no material uncertainty exists.”
Group structure
- PROJECT LIGHT DEVELOPMENT 1 LIMITED · parent
- Project Light Market Rent Limited 100%
Significant events
- “Redemption of ordinary redeemable shares in 2024”
- “Impairment of investment in Project Light Market Rent Limited due to a fall in value of investment properties in 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KASSEM, Tabitha Cecilia Ursula | Secretary | 2025-04-22 | — | — |
| CORNWALL-JONES, Matthew John | Director | 2023-01-03 | Apr 1967 | British |
| CUNHA, Victor Da | Director | 2026-03-18 | May 1966 | British,Portuguese |
| FRANCO, Patrick Lanigan | Director | 2023-01-03 | Oct 1982 | British,American |
| WILCOCKSON, Craig Lee | Director | 2026-01-31 | Jan 1978 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NANKIVELL, Andrew James | Secretary | 2014-02-05 | 2024-06-05 |
| THOMSON, Sara | Secretary | 2024-06-05 | 2025-04-22 |
| BELTON, Andrew Jude | Director | 2014-02-05 | 2022-03-31 |
| BYRNE, Carl Francis | Director | 2018-04-03 | 2022-08-17 |
| DAVIES, Kate Janet | Director | 2014-02-05 | 2023-01-02 |
| FENLON, Annemarie | Director | 2017-02-02 | 2018-04-03 |
| FROUDE, Elizabeth Mary | Director | 2018-04-03 | 2018-11-01 |
| HOULT, Eleanor Case | Director | 2020-04-30 | 2023-01-02 |
| HUGHES, John | Director | 2014-02-05 | 2024-09-30 |
| MUIR, Andrew Cameron | Director | 2014-02-05 | 2018-04-03 |
| OKUNOLA, Abayomi Abiodun | Director | 2021-09-29 | 2023-05-18 |
| PETER, Rajiv Simon | Director | 2022-04-01 | 2026-01-31 |
| PHILLIPS, Paul Christopher | Director | 2014-02-05 | 2021-08-21 |
| SMITH, Mark | Director | 2024-04-15 | 2026-03-31 |
| STIBBE, Jeremy Hugh | Director | 2018-04-03 | 2020-06-01 |
| THACKER, Vipulchandra Biharilal | Director | 2018-04-03 | 2025-11-27 |
| VAUGHAN, Mark | Director | 2014-02-05 | 2022-08-17 |
| WILKEY KING, Katherine Louise | Director | 2014-02-05 | 2014-12-04 |
| YALLOP, Katie | Director | 2020-01-22 | 2025-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Notting Hill Commercial Properties Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | SH20 | capital | Legacy | |
| 2025-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-23 | CAP-SS | insolvency | Legacy | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-11 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
-83.3%
£6,000 £1,000
-
Net assets
-2.7%
£92,694,000 £90,232,000
-
Employees
—
Not reported
-
Operating profit
-105.3%
£491,000 -£26,000
-
Profit before tax
-142.9%
£2,063,000 -£884,000
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