STANDARD LIFE INVESTMENTS (GENERAL PARTNER EUROPEAN REAL ESTATE CLUB II) LIMITED

• ⚠

  Material uncertainty over going concern

  The Fund was liquidated on 9 June 2023. The Company intends to remain in place until after the expiry of the Fund's warranties and indemnities in 2028. Based on this, the Directors have concluded that the financial statements should be prepared on a basis other than 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

• Turnover

  -100.2%

  £8,042 → -£16

• Cash

  +51.7%

  £54,275 → £82,311

• Net assets

  -3.5%

  £57,935 → £55,897

• Employees

  —

  Not reported

• Profit before tax

  -199.5%

  £2,682 → -£2,668

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

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. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The Fund was liquidated on 9 June 2023. The Company intends to remain in place until after the expiry of the Fund's warranties and indemnities in 2028. Based on this, the Directors have concluded that the financial statements should be prepared on a basis other than going concern.”

Significant events

• “Standard Life Investments European Real Estate Club II LP terminated on 9 June 2023. On 8 June 2023, two end-of-life insurance policies were arranged with the expiry dates on 2 August 2027 and 25 June 2028 respectively. As part of the process of disposing of Fund assets, warranties and indemnities were provided to purchasers of the properties/shares of property holding companies. Some of these warranties and indemnities remain alive after the termination of the Fund, so the end-of-life insurance is put in place to cover this risk and prevent liability falling on the Company.”

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

Filings

2

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.