FREEHOLD MANAGERS PLC

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  Material uncertainty over going concern

  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 company's ability to continue as a going concern.

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  Going-concern uncertainty disclosed

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. 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

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“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 company's ability to continue as a going concern.”

Significant events

• “Leasehold Reform (Ground Rent) Act 2022 and Leasehold and Freehold Reform Act 2024, which has a direct impact on all fees but in particular to NAV fees during the year.”
• “The Leasehold Reform (Ground Rent) Act 2022 was enacted during 2022 and prohibits the inclusion of a ground rent exceeding a peppercorn on new long residential leases.”
• “On 24 May 2024, the Leasehold and Freehold Reform Act 2024 received Royal Assent. The aspect of this Act most likely to have a significant financial effect on the sole client Time, and therefore the company, should the secondary legislation that is required to give legal effect to the provisions of the Act be made, relates to changes that reduce the premium payable to freeholders when leaseholders exercise their statutory rights to enfranchisement or lease extension.”
• “In October 2025, the High Court issued its judgment dismissing the judicial review brought by industry participants challenging aspects of the Government's leasehold reform measures contained in the 2024 Act. This judgment is subject to an appeal to the Court of Appeal that is expected to be heard in the latter half of 2026.”
• “Separately, the Government has published a draft bill, which includes, among other matters, provisions to cap the level of ground rent that can be charged on existing leases at £250 for a period of 40 years with no rent chargeable thereafter.”

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

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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.