HABITARE HOMES LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In preparing the Company's financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Directors either intend to liquidate the Company to cease operations, or have no realistic alternative but to do so. At 31 December 2024 ('reporting date'), the Company has a net current asset position of £33,491,435 (2023: £17,831,625). During the year, the Company entered into an interest-free loan arrangement with the Main Fund which allows the Company to only draw down cash when required and in a manner that minimises interest income and therefore residual income for REIT balance of business test purposes. As the Company is a part of a REIT group, interest earned on cash balances puts the group at risk of failing the REIT balance of business test as it creates residual income. The intercompany loan between the Company and the Main Fund is utilised to draw cash into the Company as required to settle the obligations of the Company, but to avoid holding excess cash within the REIT group. The Company relies on funding from the intermediate parent, MAN GPM RI Community Housing 1 LP (the "Main Fund") to finance its capital commitments. As detailed in note 23, the Company has outstanding capital commitments of £115,736,567 (2023: £111,676,805) related to its property investment activities. The Company's intermediate parent, the Main Fund, has confirmed its intention to provide support or assistance, which may include financial support, to the Company for the period of 12 months from the date of approval of the financial statements. This will provide sufficient liquidity to the Company to settle its obligations and commitments within the next 12 months after these financial statements are available to be issued.”

Significant events

• “On 29 January 2025, 6 units held by the In Place (Dysart) LP as development units held as inventory were transferred to the Company at a market value price of £1,480,000. The associated outstanding commitments on development agreements related to property development activities were also transferred to the Company together with the assets.”
• “On 12 February 2025, the Company made a share capital reduction to GPM CH REIT Limited of a total of 34,331,598 shares of £1 per share.”
• “On 24 March 2025 the Company issued a further £2,343,000 of called up share capital to GPM CH REIT Limited, the Company's immediate parent. Further share capital will be issued to GPM CH REIT Limited as and when it is required to support the investment objective of the Company.”
• “On 31 March 2025, out of a total of 146 units held under the Wellingborough scheme by In Place (Glenvale) Limited, a total of 141 units were transferred at a cost of £14,570,215 to the Company, together with all remaining associated outstanding capital commitments.”
• “On 7 April 2025, all of the 30 units held by In Place (Coombe) Limited under the Coombe Farm property were transferred to the Company at a cost of £12,442,625.”
• “As at the end of April 2025, all remaining HSBC loan and commitments held by In Place (Coombe) Limited with HSBC Bank PLC have been transferred to the Company.”
• “On 2 June 2025 the Board approved that the Wellingborough development be added to the loan facility held with HSBC. On the same date the Board also approved an extension to the loan facility limit and term by 2 years.”

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

Filings

16

last 12 months

Capital events

4

last 24 months

Officers appointed

4

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -38%

  £15,637,061 → £9,693,181

• Cash

  -92.9%

  £14,695,875 → £1,044,643

• Net assets

  -4.5%

  £123,002,848 → £117,509,626

• Employees

  —

  Not reported

• Operating profit

  -326.8%

  £3,085,547 → -£6,996,964

• Profit before tax

  -425.2%

  £2,613,574 → -£8,498,632

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