ULIVING@ESSEX2 LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements, which indicates that continued operations of the Company are dependent on future occupancy levels to generate sufficient revenue for the company to service future debt payments. As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.

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 102

Reporting scope

Standalone (parent only)

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements, which indicates that continued operations of the Company are dependent on future occupancy levels to generate sufficient revenue for the company to service future debt payments. As stated in note 1.2, these events or conditions indicate that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern.”

Significant events

• “The construction of the new accommodation achieved practical completion in September 2018.”
• “The loss for the year before taxation was £1,401k (2023: loss of £2,380k).”
• “The Company had net liabilities of £8,138k (2023: £6,608k) and cash of £2,638k (2023: £1,501k) as at 31 August 2024.”

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

Filings

6

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

  +5.8%

  £4,251,000 → £4,498,000

• Cash

  +75.7%

  £1,501,000 → £2,638,000

• Net assets

  -23.2%

  -£6,608,000 → -£8,138,000

• Employees

  —

  Not reported

• Operating profit

  +9.2%

  £1,404,000 → £1,533,000

• Profit before tax

  +41.1%

  -£2,380,000 → -£1,401,000

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