BOS (SHARED APPRECIATION MORTGAGES) NO. 4 PLC

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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors are satisfied that the Company will continue to have access to adequate liquidity and capital resources for the foreseeable future and, accordingly, the financial statements have been prepared on a going concern basis, taking into account: There is a net asset position of £2,297,479 (2023: £2,214,615). The Company has continued to perform in line with the Programme Documentation.”

Significant events

• “In January 2021, a litigation claim was brought by, or on behalf of, a number of customers against Bank of Scotland plc and some of its subsidiary undertakings which had issued shared appreciation mortgages. On 23 January 2024, the Claimants and Bank of Scotland plc agreed a commercial settlement. Since the settlement on 23 January 2024, the Company has received a number of new pre-action claims.”
• “If the final determination of the matter by the judicial process is that HMRC's position is correct, management believes that this would result in an increase in the Company's current tax liabilities of approximately £2,369,000 (including interest).”
• “The current financial year continues to have economic uncertainty arising from geopolitical tensions in Ukraine and the Middle East, together with the ongoing climate emergency.”

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

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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

• Turnover

  —

  Not reported

• Cash

  -15.7%

  £4,210,356 → £3,549,308

• Net assets

  +3.7%

  £2,214,615 → £2,297,479

• Employees

  —

  Not reported

• Profit before tax

  -18.9%

  £136,217 → £110,486

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers