HOME HOLDINGS 2 LIMITED

• ⚠

  Material uncertainty over going concern

  As a result of the ongoing Managed Wind-Down of the Group's operations, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.

• ◆

  Audit opinion: Disclaimer of opinion

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

1. HOME HOLDINGS 2 LIMITED 2020-11-06 → present
2. MEARS PROPERTY INVESTMENT 1 LTD 2020-09-04 → 2020-11-06

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 101

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“As a result of the ongoing Managed Wind-Down of the Group's operations, the Directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern.”

Significant events

• “On 16 September 2024 Home REIT shareholders approved the New Investment Policy for the Managed Wind-Down of the Group's and Company's operations. Part of that strategy was to sell enough properties through auctions to repay all amounts to the Group's Lender, Scottish Widows Limited ("Scottish Widows").”
• “On 2 March 2026, the Group exchanged on the disposal of 706 properties (of the 850 remaining in the portfolio on that date) to Patron Capital for £123.0 million, which is expected to complete no later than 1 April 2026.”

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

  -47.9%

  £23,773,838 → £12,387,335

• Cash

  +109.8%

  £2,092,466 → £4,389,771

• Net assets

  -2.2%

  -£391,765,569 → -£400,389,616

• Employees

  —

  Not reported

• Operating profit

  -122.1%

  -£3,711,755 → -£8,244,858

• Profit before tax

  -57.3%

  -£5,482,528 → -£8,624,047

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