LIME PROPERTY VENTURES LIMITED

• ⚠

  Material uncertainty over going concern

  However, the Directors also recognise the material uncertainty over the Elim Housing Group's ability to continue as a going concern. This is because it is heavily dependent on asset sales, growth and savings to comply with the covenants of its lenders. As a result, it has commenced merger negotiations with Places for People. As the parent of the Company, this material uncertainty also applies to these financial statements. This is driven primarily by the intercompany loan between Elim and the Company. In the event this was to be paid back, the Company would need to sell its investment property to finance it.

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

  +125.3%

  £360,000 → £811,000

• Cash

  -8.9%

  £45,000 → £41,000

  lowest in 4 filed years

• Net assets

  +61.3%

  £1,029,000 → £1,660,000

  highest in 4 filed years

• Employees

  —

  Not reported

• Operating profit

  +944.3%

  £88,000 → £919,000

  highest in 4 filed years

• Profit before tax

  +42,700%

  £2,000 → £856,000

  highest in 4 filed years

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.

1. LIME PROPERTY VENTURES LIMITED 2016-02-09 → present
2. ELIM HOUSING SERVICES LIMITED 1999-03-12 → 2016-02-09
3. FILBUK 538 LIMITED 1998-07-06 → 1999-03-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Bishop Fleming Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, the Directors also recognise the material uncertainty over the Elim Housing Group's ability to continue as a going concern. This is because it is heavily dependent on asset sales, growth and savings to comply with the covenants of its lenders. As a result, it has commenced merger negotiations with Places for People. As the parent of the Company, this material uncertainty also applies to these financial statements. This is driven primarily by the intercompany loan between Elim and the Company. In the event this was to be paid back, the Company would need to sell its investment property to finance it.”

Significant events

• “LPV continued to be challenged by external factors of increased interest rates, planning delays and inflation on construction costs in this period.”
• “Received planning permission for the redevelopment of land purchased at Upper Stone Close in Frampton Cottrell... the site was no longer financially viable...a decision was taken to sell the land with planning permission in place.”
• “Plans to build four other homes in Wells, Somerset were also paused due to rising construction costs and limited open market values again rendering the profit margin below the agreed hurdle rate.”
• “The Company's profit before tax for the year is £631,000 (2024: £2,000) which is mainly due to the increase in fair value of Hathaway House.”

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.