INVEST GROUND RENTS LIMITED

• ◆

  Audit opinion: Disclaimer of opinion

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

1. INVEST GROUND RENTS LIMITED 2014-01-10 → present
2. GRIF032 LIMITED 2012-10-10 → 2014-01-10

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Disclaimer of opinion

Going concern

Affirmed

“At 30 September 2024, the Company is in a net current liabilities position as a result of an intra-group loan due to Ground Rents Income Fund plc (the 'Parent Company' and 'ultimate controlling party') and therefore relies on its financial support. The Parent Company's financial statements for the year ended 30 September 2024 issued on 14 January 2025 included a material uncertainty in relation to going concern driven by wider risks faced by the Group. This in turn leads to a material uncertainty regarding its support of the Company, which may cast significant doubt about the Company's ability to continue as a going concern. ... After due consideration of the Parent Company's assessment and of the Company's own position, the Directors believes it is appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “In the first half of the financial year, the previous Government introduced the draft Leasehold and Freehold Reform Bill ('LAFR Bill') to simplify and enhance leaseholder rights, alongside a consultation on restricting residential ground rents without compensating freeholders, which was deemed concerning and potentially unlawful.”
• “The accelerated enactment of the LAFR Bill in May 2024, despite political upheaval, left the new Government yet to respond to the consultation, and the resulting LAFR Act did not restrict existing ground rents but required complex secondary legislation.”
• “Uncertainty persisted, with the new Government committing to implement the LAFR Act after further consultation and seeking additional reforms for greater homeowner protections, including a draft Leasehold and Commonhold Reform Bill.”
• “On 31 March 2025, the Company's portfolio was independently valued at £161,026 by the valuer, showing a like-for-like reduction of £20,929 or -11.5% compared with the independent valuation as at 30 September 2024.”
• “In April 2025, the United States of America initiated sweeping tariff arrangements against their global trading partners. This has heightened macro-economic uncertainty, with potential for escalating trade policy responses from their trade counterpart countries, and significant impact to global trade.”

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

Filings

5

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

  +0.1%

  £13,985 → £13,995

• Cash

  —

  Not reported

• Net assets

  -90.4%

  £139,758 → £13,392

• Employees

  —

  Not reported

• Operating profit

  -617.5%

  -£17,612 → -£126,366

• Profit before tax

  -617.5%

  -£17,612 → -£126,366

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