RELF AUDLEY RETIREMENT LIVING LLP

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

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Designated members have concluded that based on the scenarios modelled that it is reasonable that the Group and the LLP will continue in operational existence and meet its liabilities as they fall due for at least the next 12 months. For the reasons mentioned within note 2.3 of the financial statements, the Designated members continue to adopt the going concern basis of accounting in preparing the annual financial statements. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the LLP's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. RELF AUDLEY RETIREMENT LIVING LLP · parent
   1. Audley Stanbridge Earls Limited 100% · UK
   2. Audley Sunningdale Park Unit Trust 90% · Jersey
   3. Audley Cobham Unit Trust 90% · Jersey
   4. Audley Scarcroft Unit Trust 90% · Jersey
   5. Audley Scarcroft II Unit Trust 90% · Jersey

Significant events

• “On 16 December 2024 the Partnership disposed off its 100% holding of ordinary shares of Audley Stanbridge Earls Limited to Audley Investments No 1 Limited a designated member of the Partnership as per the Joint Venture agreement dated 23 August 2019, as amended on 27 November 2019 and 18 February 2020, and as amended and restated on 15 February 2021 and 27 February 2024 (the "JVA").”
• “On 31 January 2025 subsidiary entity Audley Sunningdale Park Unit Trust received ",3,100,000 from Guarantor in line with JCT building contract dated 26 January 2021 between the Audley Sunningdale Park Unit Trust and Henry Construction Projects Limited which was utilised to make part prepayment of debts under the Facility. Further on 12 February 2025 the debts under the Facility as mentioned within note 21 has been full repaid.”
• “On 14 February 2025 subsidiary entity Audley Scarcroft Unit Trust has agreed to extend the termination development date of the loan facility dated 8 October 2021 Audley Scarcroft Unit Trust entered into a loan with Fortwell Capital Limited for ",52.1m to finance the development of the Scarcroft site ("the facility") which is secured against the underlying property in Leeds. The loan facility is now repayable by 31 December 2025. Up to date of approval of these financial statements Audley Scarcroft Unit Trust has further repaid ",11,674,519 of external debt facility mentioned in note 12 of these Financial Statements.”
• “Up to date of approval of these financial statements subsidiary entity Audley Cobham Unit Trust has further repaid ",5,144,722 of external debt facility mentioned in note 12 of these Financial Statements.”
• “In April 2025, the United States of America (USA) initiated sweeping tariff arrangements against their global trading partners. This has heightened macro-economic uncertainty, with potential for escalating trade policy responses from USA trade counterpart countries, and significant impact to global trade. As at the date of approval of the financial statements, the Designated Members are closely monitoring these changes in global trade policy, however, the Group's primary exposure to the UK Living sector means it is anticipated to have low impact to key fundamentals and valuations.”

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

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

  -41.9%

  £55,580,125 → £32,271,874

• Cash

  -90.4%

  £10,834,665 → £1,043,060

• Net assets

  -15.2%

  £82,752,725 → £70,142,568

• Employees

  0%

  16 → 16

• Operating profit

  -118.6%

  £11,245,846 → -£2,091,547

• Profit before tax

  -185.4%

  £3,315,077 → -£2,830,342

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