GRIF039 LIMITED

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  Material uncertainty over going concern

  At 30 September 2025, the Company was in a net current liability position due to an intragroup loan owed to the Parent Company and therefore depends on the Parent Company's financial support. ... legislative proposals are not expected to take effect before late 2028, they introduce increased uncertainty over future ground-rent income for the Group.

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  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“At 30 September 2025, the Company was in a net current liability position due to an intragroup loan owed to the Parent Company and therefore depends on the Parent Company's financial support. ... legislative proposals are not expected to take effect before late 2028, they introduce increased uncertainty over future ground-rent income for the Group.”

Significant events

• “Leasehold Reform (Ground Rent) Act 2022 and Leasehold and Freehold Reform Act 2024 have introduced uncertainty, with proposals to cap ground rents on existing long residential leases at £250/year, reducing to a peppercorn after 40 years, influencing market sentiment and valuation certainty.”
• “Judicial Review regarding enfranchisement provisions was dismissed Oct 2025; appeal permission sought.”
• “Building Safety Act 2022 and regulations represent significant regulatory reform, aiming to improve standards and protect leaseholders from remediation costs.”
• “On 31 March 2026, the Company's portfolio was valued at £263,519, a reduction of £344,514 or -56.7% compared to 30 September 2025, with a material uncertainty clause.”

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

Filings

4

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.