FERNANDO PROPCO HOLDINGS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in these financial statements, which indicates that the group and the parent company has debts due for repayment within 12 months of the balance sheet date. This relates to Senior Secured Notes ("SSNs") maturing in October 2026. In the absence of a solvent solution being enacted, the company would not be able to repay the debts at maturity in October 2026. The directors have undertaken a review of the strategic options with their financial and legal advisors. However without confirmed refinancing or funding in place as at the date of this report, this constitutes a material uncertainty which may cast doubt over the group's and the parent company's ability to continue as a going concern.

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

  +1.5%

  £17,646,000 → £17,902,000

• Cash

  -0.6%

  £1,191,000 → £1,184,000

• Net assets

  -19.2%

  -£375,894,000 → -£448,104,000

• Employees

  —

  Not reported

• Operating profit

  +4.5%

  £15,282,000 → £15,963,000

• Profit before tax

  -546.1%

  £17,036,000 → -£76,005,000

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

Margins divide P&L lines by turnover. 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

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in these financial statements, which indicates that the group and the parent company has debts due for repayment within 12 months of the balance sheet date. This relates to Senior Secured Notes ("SSNs") maturing in October 2026. In the absence of a solvent solution being enacted, the company would not be able to repay the debts at maturity in October 2026. The directors have undertaken a review of the strategic options with their financial and legal advisors. However without confirmed refinancing or funding in place as at the date of this report, this constitutes a material uncertainty which may cast doubt over the group's and the parent company's ability to continue as a going concern.”

Group structure

1. FERNANDO PROPCO HOLDINGS LIMITED · parent
   1. Fairhold Homes Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   2. Fairhold Homes (No.2) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   3. Fairhold Homes (No.3) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   4. Fairhold Homes (No.4) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   5. Fairhold Homes (No.6) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   6. Fairhold Homes (No.7) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   7. Fairhold Homes (No.9) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   8. Fairhold Homes (No.11) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   9. Fairhold Homes (No.13) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   10. Fairhold Homes (No.14) Limited. 1% · England and Wales · property investment, specifically sheltered housing accommodation
   11. Fairhold Homes (No.15) Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   12. Littonace HMF Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   13. Littonace HMF No. 2 Limited 1% · England and Wales · property investment, specifically sheltered housing accommodation
   14. Littonace (No.3) Limited^ 1% · England and Wales · property investment, specifically sheltered housing accommodation
   15. Littonace (No.4) Limited^ 1% · England and Wales · property investment, specifically sheltered housing accommodation
   16. Littonace (No.5) Limited^ 1% · England and Wales · property investment, specifically sheltered housing accommodation
   17. Littonace (No.6) Limited^ 1% · England and Wales · property investment, specifically sheltered housing accommodation
   18. Fairhold Homes (No.5) Limited^ 1% · England and Wales · property investment, specifically sheltered housing accommodation

Significant events

• “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

3

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.