PROXIMA GR PROPERTIES LIMITED

• ◆

  Material uncertainty over going concern

  However, there is a material uncertainty in relation to future income due to the Leasehold and Freehold Reform Act 2024, of which further details are given in note 2.3.

• ·

  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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

1. PROXIMA GR PROPERTIES LIMITED 2011-03-24 → present
2. AZTEC GR PROPERTIES LIMITED 2011-03-15 → 2011-03-24
3. FAIRHOLD PROPERTIES LIMITED 2011-03-15 → 2011-03-15
4. PEVEREL PROPERTIES LIMITED 1999-10-12 → 2011-03-15
5. SHELFCO (NO.1727) LIMITED 1999-08-23 → 1999-10-12

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“However, there is a material uncertainty in relation to future income due to the Leasehold and Freehold Reform Act 2024, of which further details are given in note 2.3.”

Group structure

1. PROXIMA GR PROPERTIES LIMITED · parent
   1. Tor Sands Freehold Limited 100% · England and Wales · property investment

Significant events

• “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 Company 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 during 2026.”
• “Separately, the Government has published on 27 January 2026 the Draft Commonhold and Leasehold Reform Bill (the "Draft Bill") for pre legislative scrutiny. The Draft Bill includes, among other matters, proposals to cap ground rents at £250 on existing leases.”
• “The Building Safety Act 2022 imposes legal obligations on freeholders to ensure remediation of certain life-critical fire-safety defects in applicable residential buildings.”

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

Filings

10

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.