RENBUFF INVESTMENTS LIMITED

• ⚠

  Material uncertainty over going concern

  We draw your attention to the going concern accounting policy in note 15 of these financial statements, which indicates that the group may be adversely affected by the uncertainty surrounding enacted changes to legislation and potential future changes to legislation as a result of the Leasehold Reform (Ground Rent) Act 2022, the Leasehold and Freehold Reform Act 2024 and The Building Safety Act 2022 and the potential impact on the group and its future cashflows As stated in the going concern accounting policy, these events or conditions, along with the other matters as set forth in the going concern accounting policy, indicate that a material uncertainty exists that may cast significant doubt on the group's and company's ability to continue as a going concern Our opinion is not modified in respect of this matter

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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw your attention to the going concern accounting policy in note 15 of these financial statements, which indicates that the group may be adversely affected by the uncertainty surrounding enacted changes to legislation and potential future changes to legislation as a result of the Leasehold Reform (Ground Rent) Act 2022, the Leasehold and Freehold Reform Act 2024 and The Building Safety Act 2022 and the potential impact on the group and its future cashflows As stated in the going concern accounting policy, these events or conditions, along with the other matters as set forth in the going concern accounting policy, indicate that a material uncertainty exists that may cast significant doubt on the group's and company's ability to continue as a going concern Our opinion is not modified in respect of this matter”

Group structure

1. RENBUFF INVESTMENTS LIMITED · parent
   1. Hathber GR Limited 100% · England · Property investment
   2. Littleblade Investment Properties Limited 100% · England · Property investment
   3. Annanbury Limited 100% · England · Property investment
   4. Blanco Estates Limited 100% · England · Property investment
   5. Ramvel Limited 100% · England · Property investment
   6. Fairhold Properties No 8 Limited 100% · England · Property investment
   7. Fairhold Mercury Limited 100% · England · Property investment
   8. Byron Halls Limited 100% · England · Property investment
   9. Fairhold Properties No 9 Limited 100% · England · Property investment
   10. Fairhold Properties No 4 Limited 100% · England · Property investment
   11. Fairhold Homes (No 20) Limited 100% · England · Property investment
   12. Flambayor Limited 100% · England · Property investment
   13. Hadham Securities No 6 Limited 100% · England · Property investment
   14. Chichester Freeholds Limited 100% · England · Property investment
   15. Citistead Limited 100% · England · Property investment
   16. Trinity Green Reversion Limited 100% · England · Property investment
   17. Freehold Properties 32 Limited 100% · England · Property investment
   18. Rosleb Limited 100% · England · Property investment
   19. Countryside Three Limited 100% · England · Property investment
   20. Fairhold Leda Limited 100% · England · Property investment

Significant events

• “The directors are satisfied with the financial position of the group at the year end subject to the potential and enacted legislative changes disclosed in the critical accounting estimates and assumptions section of note 2 which potentially could lead to a significant adverse impact on the business such that it may maternally impair the group's ability to continue as a Going Concern”
• “No adjustments have been made to the financial statements to reflect the general uncertainty surrounding leasehold reform and its effect on leaseholder behaviour referred to in note 15 Regarding building safety legislation, please refer to the Provisions and Building Safety Act obligations section within note 2 and note 19 where a pnor penod adjustment has been recognised to reflect the recognition of provisions for building safety remediation costs”
• “The group's investment properties have been valued by the directors at £264 3m (2023 £326 8m) The resultant fair value loss in the year amounted to £62 5m (2023 £42 0m)”
• “The refinancing agreement restncts Renbuff Investments Limited from paying dividends, redeeming any of its own share capital, or from repaying any subordinated debt without approval from the financiers”

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

Filings

6

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

  +9.9%

  £5,307,118 → £5,830,766

• Cash

  +7.4%

  £8,883,634 → £9,539,587

• Net assets

  -230.8%

  £23,170,783 → -£30,313,541

• Employees

  —

  Not reported

• Operating profit

  +106.5%

  £2,275,243 → £4,698,992

• Profit before tax

  -36.2%

  -£50,737,402 → -£69,118,267

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