M&G UK PROPERTY GP LIMITED

• ⚠

  Material uncertainty over going concern

  The Company has prepared the financial statements on a basis other than going concern, as M&G UK Property Limited Partnership (the LP for which the Company provides General Partner services) is in liquidation, which is expected to be completed within 16 months of the signing date of these financial statements. Once this process is complete, the Directors intend to liquidate the Company. The impact on the financial statements is that investments in subsidiaries of £2 have been impaired to £nil. The related creditors of £2 for amounts owing to group undertakings related to these subsidiaries have also been written off to £nil. Any liquidation costs are expected to be borne by the immediate parent company, M&G Real Estate Limited. Consequently, there is no overall impact on the net assets of the Company as a result of discontinuing the going concern basis.

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)

Auditor

PricewaterhouseCoopers LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Company has prepared the financial statements on a basis other than going concern, as M&G UK Property Limited Partnership (the LP for which the Company provides General Partner services) is in liquidation, which is expected to be completed within 16 months of the signing date of these financial statements. Once this process is complete, the Directors intend to liquidate the Company. The impact on the financial statements is that investments in subsidiaries of £2 have been impaired to £nil. The related creditors of £2 for amounts owing to group undertakings related to these subsidiaries have also been written off to £nil. Any liquidation costs are expected to be borne by the immediate parent company, M&G Real Estate Limited. Consequently, there is no overall impact on the net assets of the Company as a result of discontinuing the going concern basis.”

Group structure

1. M&G UK PROPERTY GP LIMITED · parent
   1. M&G UK Property Nominee 1 Limited 100% · UK
   2. M&G UK Property Nominee 2 Limited 100% · UK

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

  -65.5%

  £22,619 → £7,810

• Cash

  +19.3%

  £155,209 → £185,162

• Net assets

  -1.8%

  £163,759 → £160,809

• Employees

  —

  Not reported

• Operating profit

  -318.4%

  £4,929 → -£10,765

• Profit before tax

  -128.5%

  £12,059 → -£3,432

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