FAIRHOLD HOMES (NO. 14) LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to the going concern note included in accounting policies in these financial statements, which indicates that the 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. The directors note that, in the absence of a solvent solution being enacted, the company would not be able to repay the debts at maturity in October 2026. This constitutes a material uncertainty which may cast doubt over the company's ability to continue as a going concern.

1. FAIRHOLD HOMES (NO. 14) LIMITED 2006-04-18 → present
2. MCCARTHY & STONE INVESTMENT PROPERTIES NO.19 LIMITED 2004-03-26 → 2006-04-18

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

Standalone (parent only)

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to the going concern note included in accounting policies in these financial statements, which indicates that the 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. The directors note that, in the absence of a solvent solution being enacted, the company would not be able to repay the debts at maturity in October 2026. This constitutes a material uncertainty which may cast doubt over the company's ability to continue as a going concern.”

Significant events

• “The Leasehold and Freehold Reform Act (2024) ("LAFRA") came into statute.”
• “In January 2026, the government published the Commonhold and Leasehold Reform Bill ("CLRB") proposing a cap of £250 pa on ground rents, effective from 2028.”
• “Long-term interest rates increased slightly at year end compared to year-end 2024 and have since increased further.”
• “The outcome of an appeal hearing sought by six litigating freeholders to the legality of LAFRA is outstanding.”

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.

• Turnover

  +0.9%

  £389,539 → £393,155

• Cash

  —

  Not reported

• Net assets

  -81.3%

  £1,550,746 → £289,299

• Employees

  —

  Not reported

• Operating profit

  -1.9%

  £480,443 → £471,483

• Profit before tax

  -198.3%

  £1,400,928 → -£1,377,382

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