Macarthur Reversions Limited
Private Limited Company · Cambridge
ActiveUnited KingdomIncorporated 2007Private Limited Company
Financial position
Accounts to 2025-12-31 · GBP · Company accounts
Net assets
£51,426
Cash
—
Turnover
£21,616
Profit / loss
£21,615
Current assets
£448,954
Creditors < 1 year
£397,528
Equity
£51,426
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2025-12-3112 months · Company · AI-read | 2024-12-31Company · AI-read | 2014-10-31 | 2013-10-31 | 2012-10-31 | 2011-10-31 | 2010-10-31 | 2009-10-31 | 2008-10-31 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet | |||||||||
| Net assets | £51,426 | £29,811 | £1 | £1 | £1 | £1 | £1 | £1 | £1 |
| Equity | £51,426 | £29,811 | £1 | £1 | £1 | £1 | £1 | £1 | £1 |
| Share capital | £1 | £1 | — | — | — | — | — | — | — |
| Retained earnings | £51,425 | £29,810 | — | — | — | — | — | — | — |
| Assets | |||||||||
| Current assets | £448,954 | £427,339 | — | — | — | — | — | — | — |
| Cash at bank | — | — | £1 | £1 | £1 | £1 | £1 | £1 | £1 |
| Debtors | £48,954 | £27,339 | — | — | — | — | — | — | — |
| Stock | £400,000 | £400,000 | — | — | — | — | — | — | — |
| Liabilities | |||||||||
| Creditors within one year | £397,528 | £397,528 | — | — | — | — | — | — | — |
| Profit & loss | |||||||||
| Turnover | £21,616 | £21,660 | — | — | — | — | — | — | — |
| Administrative expenses | £1 | — | — | — | — | — | — | — | — |
| Profit before tax | £21,615 | £21,660 | — | — | — | — | — | — | — |
| Profit / loss | £21,615 | £21,660 | — | — | — | — | — | — | — |
| Source evidence | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing | View filing |
From the accounts
What the accounts for 2025-12-31 say about themselves, read by AI from the scanned filing.
- Auditor's emphasis
- The auditor's report draws attention to a specific matter (emphasis of matter)
- Principal activity
- The principal activity of the company during the year under review was that of property dealing.
- What it does
- property dealing · ground rent stock properties · freehold companies · leasehold interests (AI keywords)
- The year
- Both the development of the business and its financial position at the end of the year were satisfactory.
- Auditor
- Gerald Edelman LLP · senior statutory auditor Talha Farrukh
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Gray’s Inn 10 Limited · United Kingdom
- Ultimate parent
- Perseverance Limited · Gibraltar
- Ultimate controlling party
- Perseverance Limited
- Accounts
- Small company · FRS 102
- Approved
- 2026-07-29, signed by N Chambers
Directors' report (4)
- N Chambers
- W Murray-Bruce · resigned 2025-07-31
- P Langford · resigned 2026-04-30
- P Bishop · appointed 2026-04-17
Share classes (1)
- 1 ordinary of £1
Principal risks (3)
- uncertainties relating to the carrying value of ground rent stock properties
- ongoing leasehold reform
- legislative uncertainty affecting residential leasehold interests
Events after the year end (2)
- Subsequent to the year end, it became apparent that the Company would not meet the contractual requirement to issue its financial statements within 180 days (i.e. by 29 June 2026), constituting an event of default under the loan notes. However, a formal waiver was obtained from the noteholder on 30 June 2026, such that the Event of Default is no longer continuing and the Directors do not consider this to impact the Company’s financial position or classification of liabilities at the reporting date.
- Following the year end, interest due under the Company’s loan notes was not paid on the scheduled payment date of 1 April 2026. A waiver letter was subsequently signed on 8 April 2026, before the expiry of the applicable grace period for non-payment such that no event of default occurred.
Contingent liabilities (2)
- The company has entered into a cross guarantee with certain fellow group undertakings in respect of loan notes issued by its immediate parent undertaking, Gray’s Inn 10 Limited. The assets of the company are pledged as security, by way of a fixed and floating charge. The total group liability as at 31 December 2025 was £110,205,868 (2024: £109,370,994).
- The Group continues to assess the position across the wider portfolio as further surveys, legal advice, funding applications and recovery actions progress. No provision has been recognised for other properties where the Group’s liability is not currently considered probable or cannot yet be estimated reliably.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
1 outstanding chargesAll Assets · created 2016-07-20
—
Outstanding