CUBUS LUX PLC
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2024-03-31
Confirmation statement due
2026-06-16 (in 1mo)
Last made up 2025-06-02
Watchouts
Cash
—
Latest balance sheet
Net assets
-£52M
-3.2% vs 2023
Employees
3
0% vs 2023
Profit before tax
-£2M
+53.8% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Material uncertainty over going concern
The company incurred a net loss of £1,626,000 during the year ended 31 March 2024 and, at that date, the company's liabilities exceeded its assets by £51.9m. The company is in default of the terms of its borrowings and has amounts outstanding to suppliers. These conditions, along with the other matters explained in the accounting policies to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.
Net assets
6-year trend · vs Industrials median
Accounts
6-year trend · latest reflected 2024-03-31
| Metric | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | — | |
| Operating profit | — | — | — | — | -£1,645,000 | -£862,000 | |
| Profit before tax | — | — | — | — | -£3,520,000 | -£1,626,000 | |
| Net profit | — | — | — | — | -£3,520,000 | -£1,626,000 | |
| Cash | — | — | — | — | — | — | |
| Total assets less current liabilities | — | — | — | — | — | — | |
| Net assets | — | — | — | — | -£50,292,000 | -£51,918,000 | |
| Equity | -£40,740,000 | — | — | — | -£50,292,000 | -£51,918,000 | |
| Average employees | — | — | — | — | 3 | 3 | |
| Wages | — | — | — | — | £55,000 | £55,000 | |
| Directors' remuneration | — | — | — | — | £55,000 | £55,000 |
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
Year-on-year
FY2023 → FY2024 · period ending 2024-03-31 vs 2023-03-31
-
Turnover
—
Not reported
-
Cash
—
Not reported
-
Net assets
-3.2%
-£50,292,000 -£51,918,000
-
Employees
0%
3 3
-
Operating profit
+47.6%
-£1,645,000 -£862,000
-
Profit before tax
+53.8%
-£3,520,000 -£1,626,000
-
Wages
0%
£55,000 £55,000
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|---|
| Interest cover | — | — | — | — | -0.88x | -1.13x |
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.
Name history
Renamed 2 times since incorporation
- CUBUS LUX PLC 2004-06-14 → present
- CUBUS LUX (UK) LIMITED 2004-05-26 → 2004-06-14
- FORSTERS SHELFCO 196 LIMITED 2004-05-13 → 2004-05-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Material uncertainty disclosed
“The company incurred a net loss of £1,626,000 during the year ended 31 March 2024 and, at that date, the company's liabilities exceeded its assets by £51.9m. The company is in default of the terms of its borrowings and has amounts outstanding to suppliers. These conditions, along with the other matters explained in the accounting policies to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.”
Group structure
- CUBUS LUX PLC · parent
- Adriatic Development LLC 100%
- Cubus Lux d.o.o 100%
- Cubus Lux Gradjenje d.o.o. 100%
- Cubus Lux Tenis d.o.o. 100%
- Cubus Lux Usluge d.o.o. 100%
- Deep Blue Developments GmbH 100%
- Duboko Plavetnilo Hoteli d.o.o. 100%
- Duboko Plavetnilo Ugljan Projekta nt d.o.o. 100%
- Golf Projektant Skradin d.o.o. 100%
- Tiha Uvala d.o.o 100%
- Worldwide Leisure Housing LLC 100%
Significant events
- “The company is currently suing the bank for damages including loss of profits. The case is currently in court.”
- “The company is currently seeking the return of Plava Vala d.o.o. through legal routes.”
- “At present there is very little domestically generated real estate activity in Croatia and the majority of apartments remain empty. At this stage there is no certainty as to when these apartments can be transferred and sold.”
- “The company has written off in full any investments and amounts due from their subsidiary undertakings.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 13 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MCCANN, Stephen John | Secretary | 2013-01-02 | — | British |
| HUBER, Gerhard, Dr | Director | 2005-07-21 | Jul 1959 | British |
| JANSSEN, Michael | Director | 2005-07-19 | Apr 1966 | German |
| MCCANN, Stephen John | Director | 2007-03-08 | Jun 1959 | British |
Show 13 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| RAVID, Haggai | Secretary | 2004-05-20 | 2005-07-28 |
| REID, Alan | Secretary | 2005-07-28 | 2005-10-01 |
| SIMMONS, David | Secretary | 2005-10-01 | 2013-01-02 |
| FORSTERS SECRETARIES LIMITED | Corporate Nominee Secretary | 2004-05-13 | 2004-05-20 |
| ABRAMOVICH, Eliezer | Director | 2006-06-27 | 2012-03-12 |
| ALVAREZ MOLINA, Francisco | Director | 2007-03-08 | 2015-09-21 |
| GRAY, David William | Director | 2004-06-07 | 2005-01-05 |
| HAR ADIR, Moshe | Director | 2004-05-20 | 2005-07-19 |
| KAISER, Christian | Director | 2006-03-06 | 2012-03-12 |
| NAHON, Leon Rodolfo | Director | 2004-08-13 | 2012-07-03 |
| RAVID, Haggai | Director | 2004-05-20 | 2008-08-06 |
| RYAN, Claire | Director | 2004-05-13 | 2004-05-20 |
| YENNI, Yaron | Director | 2004-05-20 | 2004-09-12 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 221 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-08-20 | AA01 | accounts | Change account reference date company current extended | |
| 2025-07-07 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-02 | CH03 | officers | Change person secretary company with change date | |
| 2024-09-30 | AA | accounts | Accounts with accounts type full | |
| 2024-09-30 | CH01 | officers | Change person director company with change date | |
| 2024-09-10 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-06-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-09-29 | AA | accounts | Accounts with accounts type full | |
| 2023-06-30 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-07-31 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-02-14 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-31 | CH03 | officers | Change person secretary company with change date | |
| 2021-12-30 | CH01 | officers | Change person director company with change date | |
| 2021-12-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-12-23 | AA | accounts | Accounts with accounts type full | |
| 2021-10-15 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-08-25 | DISS40 | gazette | Gazette filings brought up to date | |
| 2021-08-24 | GAZ1 | gazette | Gazette notice compulsory | |
| 2021-08-18 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.