PEEL NRE DEVELOPMENTS ACQUISITIONS NO.1 LIMITED

• ◆

  3 PSCs 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

• Turnover

  +28.8%

  £3,667,000 → £4,724,000

• Cash

  +235.7%

  £521,000 → £1,749,000

• Net assets

  +192.5%

  £17,525,000 → £51,264,000

• Employees

  —

  Not reported

• Operating profit

  -332.4%

  £21,791,000 → -£50,650,000

• Profit before tax

  +177.9%

  £15,842,000 → £44,019,000

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

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.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At 31 March 2025 the company is in a position of having net current liabilities. However, after making enquiries, along with the confirmation from Peel Land Group UK Limited that they will continue to provide the necessary level of support to enable it to continue to operate for the 12 months from signing the financial statements, the directors have concluded they have a reasonable expectation that the company has adequate resources to continue in operational existence for the 12 months from signing the financial statements and therefore they continue to adopt the going concern basis in preparing the financial statements.”

Significant events

• “On the 2nd of April 2025, Peel L&P Group Limited sold its investment in Peel NRE Developments Acquisitions No. 1 Limited to Peel Land Group UK Limited at book value. This transaction has had no impact on the operations of the company.”
• “The RBS Facility is active until 21st December 2026 (a 3 year agreement), unless Phase 2 of the Development is sold prior to this date. If Phase 2 is sold before 21st December 2026 then the Facility will terminate on date of sale.”

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

Filings

5

last 12 months

Capital events

0

last 24 months

Officers appointed

2

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.