NORTH DOWN DEVELOPMENT ORGANISATION 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

Bradley Accounting and Taxation

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees consider that appropriate level of occupancy are likely to be sustained through the going concern foresight period, on the basis of level of current tenancy agreements. As a consequence, the Trustees believe that the company is well placed to mange its business risks successfully, despite the current economic outlook. Having considered the risks and the current environment, the Trustees have a reasonable expectation that the Organisation has adequate resources to continue in operational existence for the future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.”

Significant events

• “The Organisation has an overall workspace area of 109,846 sq ft offering a provision of both workshop facilities and a range of offices. Average occupancy during the year was 85% and the Trustees continue to believe that this is a strategic part of the Organisation's future.”
• “Occupancy levels have decreased to 85% - cost of living continued to have an impact on businesses and with the uncertainty and costs many office clients left to work from home to reduce overheads.”
• “The board are still intending to extend the Innotec site, but due to major increases in building/material costs and other factors including INI timeframes to build, this has not progressed but remains high on the priority list. Talks with the bank have cntinued and they are supportive when the timeframe permits.”
• “The major risk affecting the company would be a decline in the demand for premises owned by the company in the local market place.”
• “The company combined its fixed and floating interest rate loans into a single account at a rate of 1.5% on the present lending margin currently at.75%. The loan is due to be repaid in 2026.”

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

Filings

2

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

  +7.2%

  £513,642 → £550,697

• Net assets

  -1%

  £3,016,324 → £2,986,437

• Employees

  0%

  5 → 5

• Operating profit

  -12.4%

  £47,382 → £41,500

• Wages

  +5.5%

  £156,320 → £164,841

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