KARBON LAND VENTURES 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

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Beever and Struthers

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being a period of twelve months after the date on which the report and financial statements are signed. Despite the current macro-economic uncertainty connected with global trade and war in Ukraine and the Middle East, the structure of current contracts gives significant protection against price inflation. Although the company has negative reserves, this is not unexpected due to upfront costs incurred by the Seaham Garden Village development. After the balance sheet date, 58 units with an estimated value of £4.1m had reached golden brick and were sold to Karbon Homes. Cashflows continue to indicate a positive reserves position over the full life of the scheme. For these reasons, the directors continue to adopt the going concern basis in the financial statements.”

Significant events

• “In May 2022, the company acquired land at the site of the proposed Seaham Garden Village. It entered a loan facility agreement and construction agreement, both with Karbon Homes. The company will construct and sell 750 new homes to Karbon Homes over a period of ten years. Construction began during 2024-25 and the first plot sales were made to Karbon Homes after the balance sheet date.”
• “In December 2024, the company acquired land at St Georges Hospital, Morpeth to develop 83 specialist affordable rented extra care apartments, with 1 visitor suite and associated communal facilities. The company will construct and sell the units to Karbon Homes. The development is expected to complete by June 2026.”

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

Filings

6

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

  —

  Not reported

• Cash

  +196.8%

  £256,775 → £762,096

• Net assets

  -29%

  -£809,845 → -£1,044,696

• Employees

  —

  Not reported

• Operating profit

  +342.5%

  -£216,438 → £524,939

• Profit before tax

  +52.3%

  -£492,597 → -£234,851

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