JRL PROPERTY (ELSTREE WAY) LIMITED

• ⚠

  Material uncertainty over going concern

  At the balance sheet date, the company's current liabilities exceeded current assets by £7,331,555 (2023: £3,437,059). In reaching their conclusion over the going concern status of the company, the directors considered the support obtained from its immediate parent company, IJM Corporation (UK) Limited not to seek repayment of the £7,233,915 loaned to the company for the foreseeable future and to provide cashflow support to enable the company to pay its creditors as they fall due for the foreseeable future.

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. JRL PROPERTY (ELSTREE WAY) LIMITED 2017-04-04 → present
2. JRL PROPERTY (SOUTH EAST) LIMITED 2016-09-02 → 2017-04-04

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Verallo

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“At the balance sheet date, the company's current liabilities exceeded current assets by £7,331,555 (2023: £3,437,059). In reaching their conclusion over the going concern status of the company, the directors considered the support obtained from its immediate parent company, IJM Corporation (UK) Limited not to seek repayment of the £7,233,915 loaned to the company for the foreseeable future and to provide cashflow support to enable the company to pay its creditors as they fall due for the foreseeable future.”

Significant events

• “During the period, the company changed its accounting reference date from 31 December 2024 to 31 March 2025.”
• “Subsequent to the reporting date, on 12 April 2025, the sitting tenant became a related party of the company following the acquisition by IJM Corporation (UK) Limited (the company's immediate parent) of a 50% interest in JRL Group Holdings Limited.”
• “Since the period end, geopolitical tensions in the Middle East have escalated. The company has assessed the potential impact of these events and while no material financial effect has been identified at the date of approval of these financial statements, the situation remains uncertain and is being monitored.”
• “On 18 February 2025, the company has entered into a put and call option agreement over its investment properties.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

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.