SURREY PROPERTY GROUP LTD

• ⚠

  Material uncertainty over going concern

  Management is still in discussion with the shareholder regarding potential options such as converting some of the loan instruments into equity or transferring the investment portfolio to them in a debt for asset swap. There is also the option of selling some of the investment properties as and when the loans would be recalled. Currently, the investment property portfolio, valued at £232.4m, is valued on a going concern basis and does not reflect any costs which would be payable should the properties need to be sold at short notice. Given this basis of valuation, we were unable to conclude whether the investment property portfolio, which constitutes a significant proportion of the accounts, is materially misstated. Moreover, we have not been able to gather the appropriate audit evidence on the ability of the company to repay its liabilities when they become due and therefore the appropriateness of the going concern basis adopted in these financial statements.

• ◆

  Audit opinion: Disclaimer of opinion

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

1. SURREY PROPERTY GROUP LTD 2024-12-12 → present
2. HALSEY GARTON PROPERTY INVESTMENTS LTD 2014-07-29 → 2024-12-12

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

UHY Hacker Young

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“Management is still in discussion with the shareholder regarding potential options such as converting some of the loan instruments into equity or transferring the investment portfolio to them in a debt for asset swap. There is also the option of selling some of the investment properties as and when the loans would be recalled. Currently, the investment property portfolio, valued at £232.4m, is valued on a going concern basis and does not reflect any costs which would be payable should the properties need to be sold at short notice. Given this basis of valuation, we were unable to conclude whether the investment property portfolio, which constitutes a significant proportion of the accounts, is materially misstated. Moreover, we have not been able to gather the appropriate audit evidence on the ability of the company to repay its liabilities when they become due and therefore the appropriateness of the going concern basis adopted in these financial statements.”

Significant events

• “Ranger House, Guildford was acquired on 6th June 2025 for £7.8m.”

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

  +7%

  £16,588,444 → £17,751,754

• Cash

  -3.4%

  £13,530,365 → £13,071,453

• Net assets

  +29.8%

  £7,506,872 → £9,744,171

• Employees

  —

  Not reported

• Operating profit

  +155.6%

  £6,739,158 → £17,223,923

• Profit before tax

  +151.7%

  -£6,844,252 → £3,541,822

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