LEGAL AND GENERAL RESIDENTIAL (BTR) 2 LLP

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  Negative shareholders' funds

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

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.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The LLP has made a loss for the year ended 31 December 2024 of £47,033,377 (2023: profit of £25,790,836) and has net liabilities attributable to members of £6,682,722 (2023: net assets attributable to members of £44,590,836), the financial statements have been prepared on a going concern basis which the members consider to be appropriate for the following reasons. The members have analysed cash flow forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of reasonably possible downsides, the LLP will have sufficient funds and in downside cases through funding from Legal & General Assurance Society Limited to meet its liabilities as they fall due for that period. As at 31 December 2024, there was minimal revenue generated on the Lewisham asset. Once fully operational the LLP will fund it's own admin expenses. Legal & General Assurance Society Limited has indicated its intention to continue to make available such funds as are needed by the LLP for the period covered by the forecasts. As with any LLP placing reliance on other group entities for financial support, the members acknowledge that there can be no certainty that this support will continue although, at the date of approval of these financial statements, they have no reason to believe that it will not do so.”

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

Filings

11

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.