THE FREEHOLD ACQUISITION CORPORATION LIMITED

• ⚠

  Annual accounts overdue

  Due 2025-12-31.

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 §1A

Reporting scope

Consolidated group

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As none of the current investments, described above, or the potential income streams under consideration are yet certain, these circumstances constitute a material uncertainty that may cast significant doubt on the group's ability to continue as a going concern. If no new investments or income streams are committed to, in the near future, an orderly wind up of the business will be considered. In this circumstance, further cash outflows under the RCF would not be required. As the directors have a reasonable expectation that the group will be successful in achieving income from one or more of the courses of action described above, they continue to adopt the going concern basis when preparing the financial statements.”

Group structure

1. THE FREEHOLD ACQUISITION CORPORATION LIMITED · parent
   1. Emerald Ground Rent Unit Trust No. 3 99.01% · Jersey · Investment
   2. Emerald Ground Rent Unit Trust No. 6 50% · Jersey · Investment
   3. Emerald Ground Rent Unit Trust No. 7 50% · Jersey · Investment
   4. Emerald Ground Rent Unit Trust No. 8 50% · Jersey · Investment

Significant events

• “The group's loss after the tax for the year amounted to £16,832,721 (2022: profit of £6,295,872).”
• “During the year, the directors agreed to waive the loan of £450,000 and the associated accrued interest of £83,621, a total of £533,621, due from its parent company, The Freehold Corporation Limited. This has been treated as a distribution to the ordinary shareholder as the impact of the write off is similar to a dividend.”
• “During 2023 the expiry date was extended to 31 December 2024 so they have now been classified as falling due within one year.”
• “On 2 July 2024, the company concluded on the restructuring of its financial position. Between 1 May 2024 and 2 July 2024 a number of repayments, in cash and in kind, including the transfer of the units held in EGRUT 3, were made to satisfy the outstanding Col-Pac RCF at 31 December 2023 of £26m. The facility was amended to include a new fixed amount which will only be repayable as income is earned in the future. From this date, the facility have become interest free.”
• “In addition, 127 ordinary shares were issued to the parent company who subsequently issued 127 Class C ordinary shares to the Col Pac RCF provider in exchange for the accrued but unpaid interest on the existing facility.”
• “The holder of the preference shares then agreed to waive the accrued dividend on those shares, after which they have been repaid in full and cancelled.”

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

Filings

1

last 12 months

Capital events

3

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

  -15.6%

  £240,949 → £203,340

• Cash

  -1.9%

  £30,763,546 → £30,185,133

• Net assets

  -58.7%

  -£29,602,872 → -£46,969,214

• Employees

  0%

  6 → 6

• Operating profit

  -10.5%

  -£2,552,618 → -£2,820,046

• Profit before tax

  -332.9%

  £7,228,378 → -£16,832,721

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