ACCOUNTS - Final Accounts preparation

Company Registration Number 08501788

	NORTH EAST LAND DEVELOPMENT LIMITED

	FINANCIAL STATEMENTS

	31 DECEMBER 2025

NORTH EAST LAND DEVELOPMENT LIMITED

REGISTERED NUMBER: 08501788

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		2,497,000		2,497,000
			2,497,000		2,497,000
Current assets
Debtors: amounts falling due within one year	5	326		339
Cash at bank and in hand	6	2,105		3,929
		2,431		4,268
Creditors: amounts falling due within one year	7	(569,949)		(527,668)
Net current liabilities			(567,518)		(523,400)
Total assets less current liabilities			1,929,482		1,973,600
Creditors: amounts falling due after more than one year	8		(3,263,447)		(2,971,576)

Net liabilities			(1,333,965)		(997,976)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(1,333,967)	(997,978)
	(1,333,965)	(997,976)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

A C Lawrence

Director

Date: 16 September 2026

The notes on pages 3 to 6 form part of these financial statements.

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NORTH EAST LAND DEVELOPMENT LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 DECEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 January 2024	2	(701,597)	(701,595)
Comprehensive income for the year
Loss for the year	-	(296,381)	(296,381)

At 1 January 2025	2	(997,978)	(997,976)
Comprehensive income for the year
Loss for the year	-	(335,989)	(335,989)
At 31 December 2025	2	(1,333,967)	(1,333,965)

The notes on pages 3 to 6 form part of these financial statements.

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NORTH EAST LAND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1.	General information

North East Land Development Limited is a private company limited by shares, incorporated in England and Wales, registration number 08501788. The registered office is Magnavale House, Holmewood Industrial Park, Holmewood, Chesterfield, S42 5UY.

These financial statements have been presented in Pound Sterling ('£') as this is the currency of the primary economic environment in which the company operates and have been rounded to the nearest pound.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The directors have considered the future activities of the Company and determined that the Company is likely to continue as a going concern.

In making this assessment the directors have taken into account the financial support that has been indicated by the Company's ultimate parent company, Sadel Group S.à r.l.. Sadel Group S.à r.l. has indicated that it is its present intention to provide such financial support that the Company may require for at least twelve months from the date of approval of these financial statements. The directors have assessed the possible cash flows and realisation of assets of the Company for at least 12 months after the date of signing of the financial statements and have determined that Sadel Group S.à r.l. will have sufficient resources to provide the necessary financial support.

Therefore, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

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NORTH EAST LAND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

2.Accounting policies (continued)

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Investment property

		Investment property
		£
	Valuation
	At 1 January 2025	2,497,000
	At 31 December 2025	2,497,000

The 2025 valuations were made by the Directors, on an open market value for existing use basis.

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
	2025	2024
	£	£

	Historic cost	1,798,908	1,798,908
		1,798,908	1,798,908

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NORTH EAST LAND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Debtors

					2025	2024
					£	£


Other debtors	170	185
Prepayments and accrued income	156	154
	326	339

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	2,105	3,929
	2,105	3,929

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	1,020	-
Amounts owed to companies under common control	234,347	234,347
Accruals and deferred income	334,582	293,321
	569,949	527,668

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Debenture loans	535,031	535,031
Other loans	2,325,716	2,033,845
Amounts owed to companies under common control	402,700	402,700
	3,263,447	2,971,576

The debenture loans are owed to Sadel Group S.à r.l., the ultimate parent company, it is not repayable before 31 December 2025 and is secured against the land owned by the Company.

Other amounts owed to companies under common control are owed to Sadel Group S.à r.l. are not repayable before 31 December 2025 and are unsecured.

The other loans are unsecured.

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NORTH EAST LAND DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

9.	Controlling party

The immediate parent undertaking is Sadel Group S.à r.l., a company incorporated in Luxembourg.

The ultimate controlling party by virtue of his 100% shareholding in Sadel Group S.à r.l. is S A Lawrence.

10.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified.

The audit report was signed on 17 September 2026 by Steven Williams (Senior statutory auditor) on behalf of Armstrong Watson Audit Limited.

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