BAE SYSTEMS (FUNDING TWO) LIMITED

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)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“After making due enquiries, the directors have a reasonable expectation that the Company has adequate resources to continue operational existence for at least 12 months from the date of approval of the financial statements. The Company has net assets of $1,254,822, no liabilities and will not incur any expenses for at least 12 months from the date of approval of the financial statements. For this reason they continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. BAE SYSTEMS (FUNDING TWO) LIMITED · parent
   1. BAE Systems (Funding Four) Unlimited Company 100% · Ireland
   2. BAE Systems (Funding Three) Limited 100% · United Kingdom

Significant events

• “The Company's subsidiary companies, BAE Systems (Funding Four) Unlimited Company and BAE Systems (Funding Three) Limited, will be dissolved later this year.”

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

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  —

  Not reported

• Net assets

  -10%

  £1,033,693,847 → £930,186,805

• Employees

  —

  Not reported

• Profit before tax

  -93%

  £110,309,859 → £7,686,434

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