AREEN DESIGN LIMITED

• ⚠

  Material uncertainty over going concern

  The company incurred a net loss of £2,507,084 during the year ended 31 December 2024. The losses have resulted in a further diminution of its net assets and retained earnings. The directors are optimistic about the future, but are aware that potential delays in cash flow receipts from existing contracts, or from projects which are yet to be secured, would result in the company needing to obtain additional financing, the certainty of which cannot be guaranteed As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that material uncertainties exist that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

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

• Turnover

  -22.2%

  £7,780,628 → £6,053,016

  lowest in 4 filed years

• Cash

  -45.3%

  £2,102,680 → £1,150,604

  lowest in 4 filed years

• Net assets

  -16.7%

  £14,994,299 → £12,487,215

  lowest in 4 filed years

• Employees

  +2.2%

  45 → 46

• Operating profit

  -37.4%

  -£2,087,427 → -£2,869,046

  lowest in 4 filed years

• Profit before tax

  -135.9%

  -£1,061,976 → -£2,505,115

  lowest in 4 filed years

• Wages

  -6.3%

  £3,594,098 → £3,366,792

  lowest in 4 filed years

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

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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Blick Rothenberg Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company incurred a net loss of £2,507,084 during the year ended 31 December 2024. The losses have resulted in a further diminution of its net assets and retained earnings. The directors are optimistic about the future, but are aware that potential delays in cash flow receipts from existing contracts, or from projects which are yet to be secured, would result in the company needing to obtain additional financing, the certainty of which cannot be guaranteed As stated in note 2.2, these events or conditions, along with the other matters as set forth in note 2.2, indicate that material uncertainties exist that may cast significant doubt on the company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.”

Group structure

1. AREEN DESIGN LIMITED · parent
   1. Richmond Designs Limited 75% · Interior design consultants
   2. Pascall + Watson Limited 100% · Architects

Significant events

• “The company completed a major restructure of the business during the final months of 2024.”
• “We are also awaiting confirmation of appointment on sizeable design and procurement projects with a PIF company. We anticipate these starting by late summer.”

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.