PROJECT LIGHT DEVELOPMENT 1 LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-24 (in 9mo)
Last made up 2026-02-10
Watchouts
Cash
£1K
-83.3% vs 2024
Net assets
£90M
-2.7% vs 2024
Employees
0
Average over period
Profit before tax
-£884K
-142.9% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | — | — | |
| Operating profit | £491,000 | -£26,000 | |
| Profit before tax | £2,063,000 | -£884,000 | |
| Net profit | £2,063,000 | -£884,000 | |
| Cash | £6,000 | £1,000 | |
| Total assets less current liabilities | £92,694,000 | £90,232,000 | |
| Net assets | £92,694,000 | £90,232,000 | |
| Equity | £92,694,000 | £90,232,000 | |
| Average employees | 0 | 0 | |
| Wages | — | — | |
| Directors' remuneration | — | — |
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
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
—
Not reported
-
Cash
-83.3%
£6,000 £1,000
-
Net assets
-2.7%
£92,694,000 £90,232,000
-
Employees
—
Not reported
-
Operating profit
-105.3%
£491,000 -£26,000
-
Profit before tax
-142.9%
£2,063,000 -£884,000
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 | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Return on capital employed | 0.5% | -0.0% | |
| Current ratio | -15.82x | -20.94x |
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.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Crowe U.K. LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“As a result, the directors believe that preparing the financial statements on the going concern basis is appropriate and that no material uncertainty exists.”
Group structure
- PROJECT LIGHT DEVELOPMENT 1 LIMITED · parent
- Project Light Market Rent Limited 100%
Significant events
- “Redemption of ordinary redeemable shares in 2024”
- “Impairment of investment in Project Light Market Rent Limited due to a fall in value of investment properties in 2025”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
5 active · 19 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| KASSEM, Tabitha Cecilia Ursula | Secretary | 2025-04-22 | — | — |
| CORNWALL-JONES, Matthew John | Director | 2023-01-03 | Apr 1967 | British |
| CUNHA, Victor Da | Director | 2026-03-18 | May 1966 | British,Portuguese |
| FRANCO, Patrick Lanigan | Director | 2023-01-03 | Oct 1982 | British,American |
| WILCOCKSON, Craig Lee | Director | 2026-01-31 | Jan 1978 | British |
Show 19 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NANKIVELL, Andrew James | Secretary | 2014-02-05 | 2024-06-05 |
| THOMSON, Sara | Secretary | 2024-06-05 | 2025-04-22 |
| BELTON, Andrew Jude | Director | 2014-02-05 | 2022-03-31 |
| BYRNE, Carl Francis | Director | 2018-04-03 | 2022-08-17 |
| DAVIES, Kate Janet | Director | 2014-02-05 | 2023-01-02 |
| FENLON, Annemarie | Director | 2017-02-02 | 2018-04-03 |
| FROUDE, Elizabeth Mary | Director | 2018-04-03 | 2018-11-01 |
| HOULT, Eleanor Case | Director | 2020-04-30 | 2023-01-02 |
| HUGHES, John | Director | 2014-02-05 | 2024-09-30 |
| MUIR, Andrew Cameron | Director | 2014-02-05 | 2018-04-03 |
| OKUNOLA, Abayomi Abiodun | Director | 2021-09-29 | 2023-05-18 |
| PETER, Rajiv Simon | Director | 2022-04-01 | 2026-01-31 |
| PHILLIPS, Paul Christopher | Director | 2014-02-05 | 2021-08-21 |
| SMITH, Mark | Director | 2024-04-15 | 2026-03-31 |
| STIBBE, Jeremy Hugh | Director | 2018-04-03 | 2020-06-01 |
| THACKER, Vipulchandra Biharilal | Director | 2018-04-03 | 2025-11-27 |
| VAUGHAN, Mark | Director | 2014-02-05 | 2022-08-17 |
| WILKEY KING, Katherine Louise | Director | 2014-02-05 | 2014-12-04 |
| YALLOP, Katie | Director | 2020-01-22 | 2025-06-20 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Notting Hill Commercial Properties Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 111 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-23 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-04-08 | AP01 | officers | Appoint person director company with name date | |
| 2026-04-01 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-26 | AP01 | officers | Appoint person director company with name date | |
| 2026-02-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-02-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-23 | SH20 | capital | Legacy | |
| 2025-12-23 | SH19 | capital | Capital statement capital company with date currency figure | |
| 2025-12-23 | CAP-SS | insolvency | Legacy | |
| 2025-12-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-17 | AA | accounts | Accounts with accounts type full | |
| 2025-06-27 | TM01 | officers | Termination director company with name termination date | |
| 2025-04-25 | AP03 | officers | Appoint person secretary company with name date | |
| 2025-04-25 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-03-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-12-11 | AA | accounts | Accounts with accounts type full | |
| 2024-10-10 | TM01 | officers | Termination director company with name termination date | |
| 2024-07-03 | TM02 | officers | Termination secretary company with name termination date | |
| 2024-07-03 | AP03 | officers | Appoint person secretary company with name date | |
| 2024-04-25 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 2
- Officers appointed
- 2
- Officers resigned
- 4
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.