ADRIATIC LAND 13 (GR1) LIMITED
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Next accounts due
2026-03-31
Overdue
Confirmation statement due
2027-03-02 (in 10mo)
Last made up 2026-02-16
Watchouts
Cash
£32K
Latest balance sheet
Net assets
£5M
highest in 6 filed years
Employees
—
Average over period
Profit before tax
£5M
Period ending 2024-03-31
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Annual accounts overdue
Due 2026-03-31.
Net assets
6-year trend · vs Real Estate median
Accounts
6-year trend · latest reflected 2024-03-31
| Metric | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £138,000 | |
| Operating profit | — | — | — | — | — | £4,628,000 | |
| Profit before tax | — | — | — | — | — | £4,535,000 | |
| Net profit | — | — | — | — | — | £4,535,000 | |
| Cash | — | — | — | — | — | £32,000 | |
| Total assets less current liabilities | — | — | — | — | — | £7,237,000 | |
| Net assets | £2 | £2 | £2 | £2 | £2 | £4,535,000 | |
| Equity | £2 | £2 | £2 | £2 | £2 | £4,535,000 | |
| Average employees | — | — | — | — | — | — | |
| Wages | — | — | — | — | — | — | |
| Directors' remuneration | — | — | — | — | £0 | £0 |
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
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-07-31 | 2020-07-31 | 2021-07-31 | 2022-07-31 | 2023-03-31 | 2024-03-31 |
|---|---|---|---|---|---|---|---|
| Return on capital employed | — | — | — | — | — | 63.9% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 60.1% | |
| Current ratio | — | — | — | — | — | 0.05x | |
| Interest cover | — | — | — | — | — | 49.76x |
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.
Name history
Renamed 1 time since incorporation
- ADRIATIC LAND 13 (GR1) LIMITED 2023-10-24 → present
- SEATON GR SPV 12 LIMITED 2017-02-17 → 2023-10-24
Audit & accounting basis
- 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 of £841,000. £3,579,000 relates to a shareholder loan from the immediate parent, who confirmed this loan will not be demanded if it jeopardises the Company's ability to meet liabilities. Directors thus believe the company has adequate resources to continue as a going concern for the foreseeable future.”
Significant events
- “The Company commenced operations during the year on 6 October 2023 and its principal activity is the collection of rental income from a portfolio of investment properties.”
- “On 24 October 2023, the Company changed its name from Seaton GR SPV 12 Limited to Adriatic Land 13 (GR1) Limited.”
- “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.”
- “The Leasehold and Freehold Reform Act 2024 ("LFRA") received Royal Assent on the 24 May 2024. 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
People
4 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| APEX GROUP SECRETARIES (UK) LIMITED | Corporate Secretary | 2023-10-06 | — | — |
| JEFFERY, Adrian Leslie | Director | 2023-10-06 | Apr 1977 | British |
| MARCOZ, Rinaldo Enrico | Director | 2025-08-18 | Aug 1970 | British |
| MARTIN, Sean Peter | Director | 2023-10-06 | Feb 1965 | British |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| POWELL, Jayne Patricia | Secretary | 2018-12-12 | 2020-04-30 |
| SCOUGALL, Simon | Secretary | 2020-04-30 | 2023-10-06 |
| SCOUGALL, Simon | Secretary | 2017-02-17 | 2018-12-12 |
| ADEY, Keith Derek | Director | 2017-02-17 | 2023-10-06 |
| AYRES, Edward Francis | Director | 2017-02-17 | 2018-07-31 |
| HONEYMAN, Jason Michael | Director | 2018-12-12 | 2023-10-06 |
| SMITH, Davinia Elaine | Director | 2023-10-06 | 2025-08-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Adriatic Land 13 Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2023-10-06 | Active |
| Bellway P.L.C. | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-02-17 | Ceased 2023-10-06 |
Filing timeline
Last 20 of 45 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-10-24 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-02 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-08-29 | AP01 | officers | Appoint person director company with name date | |
| 2025-08-29 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | AA | accounts | Accounts with accounts type full | |
| 2025-02-17 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2025-02-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2025-02-04 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-12-19 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2024-04-04 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-04-04 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-26 | AA | accounts | Accounts with accounts type dormant | |
| 2024-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-09 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2023-12-08 | AA01 | accounts | Change account reference date company previous shortened | |
| 2023-11-07 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-06 | TM02 | officers | Termination secretary company with name termination date | |
| 2023-10-24 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-10-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-10-23 | AD01 | address | Change registered office address company with date old address new address |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 3
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 1
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.