NORTHSTONE DEVELOPMENT HOLDINGS LIMITED

1. NORTHSTONE DEVELOPMENT HOLDINGS LIMITED 2018-12-20 → present
2. PEEL HOMES (UK) HOLD CO LIMITED 2018-08-03 → 2018-12-20

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

FRS 102

Reporting scope

Consolidated group

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have received confirmation that Peel L&P (Homes) IOM Limited ("Peel"), the divisional holding company, will continue to provide the necessary level of support to enable the company to continue to operate for at least the 12 months from signing the financial statements. In considering the ability of Peel to provide any necessary support in the context of the uncertainties it faces as a result of the current economic climate, the directors have obtained an understanding of Peel's forecasts, the continuing availability of its facilities and its strategic and contingent plans. Taking all these factors into account, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least the 12 months from signing the financial statements and therefore continue to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. NORTHSTONE DEVELOPMENT HOLDINGS LIMITED · parent
   1. Northstone Development Limited 100% · UK · Residential property development
   2. Northstone Development (Pemberton) Limited 100% · UK · Residential property development
   3. Silkash Management Company Limited 100% · UK · Dormant
   4. Keld Management Company Limited 100% · UK · Dormant
   5. Glisk Management Company Limited 100% · UK · Dormant
   6. Airie Management Company Limited 100% · UK · Dormant
   7. Tulach Management Company Limited 100% · UK · Dormant
   8. Cynefin Management Company Limited 100% · UK · Dormant
   9. Breacla Management Company Limited 100% · UK · Dormant

Significant events

• “On 20 May 2025 a loan facility was refinanced with National Westminster Bank Plc, which was increased to £40m. The loan is secured over the assets of Northstone Development Limited, is guaranteed by Peel L&P Group Limited and bears interest at SONIA plus an applicable margin of a maximum of 2.75% per annum. The facility is due to mature on the 20 May 2027.”

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

Filings

4

last 12 months

Capital events

1

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

  +38.7%

  £55,518,000 → £77,024,000

• Cash

  +80.4%

  £5,922,000 → £10,685,000

• Net assets

  +111.9%

  -£4,120,000 → £492,000

• Employees

  —

  Not reported

• Operating profit

  +39.8%

  £4,714,000 → £6,590,000

• Profit before tax

  +222.7%

  £687,000 → £2,217,000

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