LIFE PATH TRUST LIMITED

• ⚠

  Material uncertainty over going concern

  Although there is no immediate risk of financial danger it is prudent to mention that in the medium-term a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern due to the pending sale of Walsgrave site. Although an offer is progressing on the land this would cause hardship in the future should it not be sold within a reasonable timescale.

• ◆

  Audit opinion: Qualified

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

1. LIFE PATH TRUST LIMITED 2004-11-17 → present
2. COVENTRY HOMES (MHC) LIMITED 1992-07-15 → 2004-11-17

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

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. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Crowe U.K. LLP

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“Although there is no immediate risk of financial danger it is prudent to mention that in the medium-term a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern due to the pending sale of Walsgrave site. Although an offer is progressing on the land this would cause hardship in the future should it not be sold within a reasonable timescale.”

Group structure

1. LIFE PATH TRUST LIMITED · parent
   1. Newpath Ventures Limited 100% · England · operates function facilities and a horticultural nursery, which provide employment for people with learning difficulties.

Significant events

• “The planned sale of Walsgrave Road and Mikleton properties will release capital to reinvest in frontline delivery, with a focus on supported living and employment-focused projects.”
• “Our new café, set to open in 2025, is designed as a training ground for independence and skills development.”
• “We aim to launch both a café and new supported living service in 2025 aimed at providing greater opportunities for people with a learning disability, high quality services and a financial boost to the charity.”

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

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +16.2%

  £1,521,955 → £1,767,917

• Cash

  -30.6%

  £751,503 → £521,852

• Net assets

  -8.6%

  £2,037,995 → £1,863,308

• Employees

  -2%

  51 → 50

• Wages

  +13.9%

  £908,280 → £1,034,952

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers