ADRIATIC LAND 13 (GR2) LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

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. ADRIATIC LAND 13 (GR2) LIMITED 2023-08-21 → present
2. BERKELEY TWO HUNDRED AND TWENTY-ONE LIMITED 2016-12-16 → 2023-08-21

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte Ireland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“It is on this basis that the Directors believe that the Company has adequate resources to continue in operational existence for the foreseeable future. Furthermore, this conclusion has been reached based on reviews conducted in relation to the future performance and cash flow forecasts for at least 12 months from the date of approval of the audited financial statements. Accordingly, the Directors deem the going concern basis to be appropriate in preparing these financial statements.”

Significant events

• “On 2 December 2024, the new government published its "Remediation Acceleration Plan" policy paper, which was updated on 17 July 2025. This sets out a number of measures to speed up remediation of unsafe buildings and this includes the intended aims that by the end of 2029, all 18M+ (high-rise) buildings with unsafe cladding in a government funded scheme will have been remediated, and every 11M+ building with unsafe cladding will either have been remediated or have a date for completion.”
• “The Leasehold and Freehold Reform Act 2024 ("LFRA") received Royal Assent on 24 May 2024, having been included as part of the 'wash up' procedure for draft legislation prior to the dissolution of Parliament for the 2024 UK General Election.”
• “As a result of the potential impact of these provisions, and the lack of any compensatory measure within the Act, the Company's subsidiaries issued a claim against the UK Government (through the Crown) in the Administrative Division of the High Court, challenging the compatibility of the above reforms with Article 1 Protocol 1 of the European Convention on Human Rights ("A1P1" enacted in the UK by the Human Rights Act 1998), due to unlawful interference with its legitimate property rights.”
• “The claims issued by the Company's subsidiaries, and similar claims brought by five other freeholder parties, were granted permission to proceed to full hearing... The Court's judgment was handed down on 24 October 2025 dismissing the challenges brought.”
• “The first King's Speech under the new Labour government, published on 17 July 2024, included a pledge to publish a draft Leasehold and Commonhold Reform Bill for public consultation, as well as to bring forward legislation protecting the rights of rental tenants, via a new Renters Rights Bill, the draft of which was published in September 2024. The Renters Rights Act 2025 received Royal Assent on 27 October 2025, with the majority of provisions due to come into force on 1 May 2026.”
• “The Welsh Government passed the Building Safety (Wales) Bill on 10 March 2026, following earlier announcements covered in the Notes to the Financial Statements for the period ending 31 March 2024.”
• “The directors of the ultimate parent, Promenade Finance DAC ("Parent") have approved a plan to restructure the Parent into a Jersey domiciled Real Estate Investment Trust ("REIT"), with a target completion date of September 2026.”

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.