FERNANDO JSN PLC

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

  —

  Not reported

• Cash

  —

  Not reported

• Net assets

  -18.4%

  -£369,361,371 → -£437,222,993

• Employees

  —

  Not reported

• Operating profit

  -724%

  £10,875,583 → -£67,861,622

• Profit before tax

  -724%

  £10,875,583 → -£67,861,622

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. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In light of the net liability position, the company has received a letter of support from Fernando HoldCo Limited, its immediate parent company, that it will make available sufficient funds to ensure that the company can meet its financial liabilities for at least one year from the date of signing the financial statements, and thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. FERNANDO JSN PLC · parent
   1. Fernando SSN plc 100% · England and Wales · issuing loan notes to investors on behalf of the Group and to provide long-term financing to the members of the Group.
   2. Fernando PropCo Holdings Limited 100% · England and Wales · holding company.
   3. Fairhold Homes Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   4. Fairhold Homes (No.2) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   5. Fairhold Homes (No.3) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   6. Fairhold Homes (No.4) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   7. Fairhold Homes (No.6) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   8. Fairhold Homes (No.7) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   9. Fairhold Homes (No.9) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   10. Fairhold Homes (No.11) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   11. Fairhold Homes (No.13) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   12. Fairhold Homes (No.14) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   13. Fairhold Homes (No.15) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   14. Littonace HMF Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   15. Littonace HMF No. 2 Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   16. Littonace (No.3) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   17. Littonace (No.4) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   18. Littonace (No.5) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   19. Littonace (No.6) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.
   20. Fairhold Homes (No.5) Limited 100% · England and Wales · property investment, specifically sheltered housing accommodation.

Significant events

• “The current government has committed to further leasehold reform. In January 2026, the government published the CLRB. Within this, amongst other things, the government has proposed to introduce a cap of £250 pa on ground rents, effective in 2028, with no inflation thereafter until moving ground rents to a peppercorn (i.e. zero) in 2068. The directors are seeking to exclude the portfolio of its indirectly-held subsidiaries from this based on a "quid pro quo" exemption. Should this not be successful, and should the CLRB be brought into statute largely in its current form, the income streams from the Propcos would be materially impacted and the valuation of the Group's portfolio would be significantly reduced.”
• “The government has also indicated that it will look further into the way that any CLRB enactment would interface with LAFRA, and, accordingly, it is unclear as to whether the 0.1% limit of ground rent to lease premium for enfranchisement valuation would continue to apply.”
• “The outcome of an appeal hearing sought by six litigating freeholders to the legality of LAFRA is outstanding. Should this appeal be allowed, and subsequently be successful, it is possible that this would have an impact on the application of LAFRA and potentially the CLRB.”

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.