BLACKROCK UK 4 LLP

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

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

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board believe that the Partnership is well placed to manage its business risks successfully. After making enquiries and considerations explained in Note 2, the Board has reasonable expectation that the Partnership has adequate resources to continue in operational existence for the forseeable future, being 12 months from the date of this report. Accordingly, it continues to adopt the going concern basis in preparing the annual report and financial statements.”

Group structure

1. BLACKROCK UK 4 LLP · parent
   1. BlackRock Finco LLC 100% · USA · Financing and intermediary holding company
   2. BlackRock Jersey Finco 2 Limited 100% · Jersey · Financing company

Significant events

• “During the year BlackRock carried out a restructuring of its seeding entities to create more flexibility to fund future seeding activities.”
• “The Partnership received an intercompany loan note receivable of $2,929.8m from its subsidiary BlackRock Cayman Finco LLC as a return of capital.”
• “The Partnership distributed the loan note to its parent BlackRock UK 3 LLP and $2.1m cash to BlackRock Cayman Finco Limited, both accounted for as returns of capital.”
• “The Partnership received capital contributions from its parent of $491.0m, of which $470.0m was attributable to the extinguishment of loan note payable (note 15) and $21.0m was an intercompany loan note receivable of $20.8m (note 11) along with the accrued interest of $0.2m.”
• “In testing the Partnership's investment for impairment, it was found that the carrying value was not considered fully recoverable and a provision for impairment of $42.7m (2023: $22.5m) was recognised.”

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

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.

• Turnover

  —

  Not reported

• Cash

  +149.6%

  £39,236,471 → £97,918,458

• Net assets

  -48%

  £3,484,174,203 → £1,810,743,514

• Employees

  0%

  2 → 2

• Operating profit

  -15%

  £99,039,288 → £84,145,293

• Profit before tax

  -11.9%

  £166,127,502 → £146,368,421

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