MORBAINE 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

• Turnover

  -34.2%

  £11,960,732 → £7,874,916

• Cash

  +14.3%

  £739,640 → £845,144

• Net assets

  +35.6%

  £283,622 → £384,509

• Employees

  0%

  26 → 26

• Operating profit

  +35.1%

  -£2,657,437 → -£1,725,114

• Profit before tax

  +41.6%

  -£3,638,692 → -£2,124,664

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

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 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have prepared the financial statements on a going concern basis having considered the forecast financial performance of the Company for a period of at least 12 months from the date of approval of these financial statements. Based on the progress of development sites, funding arrangements, and assurances from the parent company, the Directors believe it is appropriate to continue to prepare the financial statements on a going concern basis.”

Group structure

1. MORBAINE LIMITED · parent
   1. Castlegate Homes (UK) Limited 100% · UK · Dormant
   2. Willard Project Management Limited 100% · UK · project management of property developments
   3. Castlegate Homes (Developments) Ltd 100% · UK · residential housing developer
   4. Castlegate Homes (Construction) Ltd 100% · UK · Dormant

Significant events

• “Progress on the Company's development sites continued during 2023 and 2024. The effects experienced in previous years in relation to delays and postponements in project advancement continues to some degree and there continues to be unreasonable external delays more generally in obtaining planning permissions from Local Authorities.”

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.