ADRIATIC LAND 13 (GR2) LIMITED

• ⚠

  Annual accounts overdue

  Due 2026-03-31.

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

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

“The Company had a net current liability position of £5,142,000 (2023: £nil). An amount of £1,783,000 (2023: £nil) included in the net current liabilities relates to amount due to the ultimate parent for shareholder and senior loans. The Company has received a letter of support from its ultimate parent company confirming that the intercompany loan as disclosed in note 6 will not be demanded to the extent that the demand would jeopardise the ability of the Company to meet its liabilities as they fall due. 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 21 August 2023, the Company changed its name from Berkeley Two Hundred and Twenty-one Limited to Adriatic Land 13 (GR2) Limited.”
• “The Company commenced operations during the year on 16 August 2023 and its principal activity is the collection of rental income from a portfolio of investment properties.”
• “The Building Safety Act 2022 (BSA) became law in June 2022 and legislates the government intervention and regulation around building safety for residential building owners. During the year, secondary legislation came into force on 6 April 2023 and 1 October 2023.”
• “On 9 November 2023 the government launched a consultation on restricting ground rent in existing leases which the Company and Property Manager responded to by the closing date of 17 January 2024. On 27 November 2023 the government's Leasehold and Freehold Reform Bill was published.”
• “As a result of the potential impact of these regulations, and the lack of any compensatory measure within the LFRA, the Company issued a claim against the UK Government (through the Crown). The proceedings were issued in August 2024, with parallel proceedings issued in the European Court of Human Rights in September 2024.”
• “The first King's Speech under the new Labour government, published on 17th 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.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.