TRUESTONE GP LIMITED

• ⚠

  Material uncertainty over going concern

  As explained in note 14 to the financial statements under the LPA, the fund had an initial term of 5 years from the final closing date (which was no later than 30 September 2014). Pursuant to the LPA, the term was extended for a further two consecutive 2-year periods (a further 4 years in total). Accordingly, the fund continued for a period of 9 years from no later than 30 September 2014 and ended on 30 September 2023 at the latest. As the fund has technically terminated under the terms of the LPA, Truestone Impact Investment Management Limited (the "fund's manager" or "Truestone") is currently acting as liquidator of the fund, ensuring that no further business is conducted other than winding up the affairs of the fund and distributing the fund assets among the partners in accordance with the LPA. Accordingly, these accounts have not been prepared on a 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 102

Reporting scope

Standalone (parent only)

Auditor

UHY Hacker Young Fitch Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“As explained in note 14 to the financial statements under the LPA, the fund had an initial term of 5 years from the final closing date (which was no later than 30 September 2014). Pursuant to the LPA, the term was extended for a further two consecutive 2-year periods (a further 4 years in total). Accordingly, the fund continued for a period of 9 years from no later than 30 September 2014 and ended on 30 September 2023 at the latest. As the fund has technically terminated under the terms of the LPA, Truestone Impact Investment Management Limited (the "fund's manager" or "Truestone") is currently acting as liquidator of the fund, ensuring that no further business is conducted other than winding up the affairs of the fund and distributing the fund assets among the partners in accordance with the LPA. Accordingly, these accounts have not been prepared on a going concern basis.”

Significant events

• “The Russia-Ukraine war has continued to affect global investor appetite for commercial activity in countries which retain close economic tied with Moscow. The fund is closely monitoring and assessing the best opportunity to maximise value from its investment in MCC Kemin.”

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

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

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

  -34.7%

  £20,025 → £13,080

• Cash

  -76.7%

  £120 → £28

• Net assets

  +3.7%

  £7,452 → £7,730

• Employees

  —

  Not reported

• Operating profit

  +46.3%

  £190 → £278

• Profit before tax

  +46.3%

  £190 → £278

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