MREF IV COLCHESTER OPERATIONS LIMITED

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

  +310.8%

  £546,000 → £2,243,000

• Cash

  -64.2%

  £1,280,000 → £458,000

• Net assets

  +18.6%

  -£628,000 → -£511,000

• Employees

  —

  Not reported

• Operating profit

  +117.8%

  -£607,000 → £108,000

  highest in 3 filed years

• Profit before tax

  +119.5%

  -£601,000 → £117,000

  highest in 3 filed years

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. Sector-distribution context coming next.

Accounting basis

FRS 102 §1A

Reporting scope

Standalone (parent only)

Abridged

Yes — abridged accounts (limited disclosure)

Auditor

BDO LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The financial statements have been prepared on the going concern basis which assumes that the Company will continue in operational existence for the foreseeable future. In assessing the Company's ability to continue as a going concern, the Directors have reviewed the trading and cash flow forecasts of the Company against the available financing facilities and covenants which include the Directors' assessment of the impact of economic environment. The Company manages a student accommodation property and entered into a management agreement with a third-party operations platform. The construction development of the property finished in July 2023 and property became operational in September 2023. The Directors have assessed the financial forecast of the Company as part of the going concern consideration. There is no further funding requirement from the parent debt and all obligations under the agreement will be met. The Directors believe that there is sufficient revenue generated from the 23/24 academic year and reservations for the 24/25 academic year to maintain profitability for at least the next 12 months. The Directors have given consideration as to the ability of the parent company and ultimate controlling parties to continue as a going concern and the ability of the parent to continue to provide such support as is necessary. The ultimate controlling parties, MREF IV "A" Limited Partnership, MREF IV "B" Limited Partnership and MREF IV "PC" Limited Partnership and MREF IV Lux GP Sarl on behalf of MREF IV "C" SCSp have a combined total of Investor capital of £203,000,000 as at 31 December 2023 which is then used to fund the Company through intercompany debt. For the reasons set out above the Directors believe that the Company have the ability to continue to meet its liabilities as they fall due for at least 12 months from the date of the approval of the financial statements and therefore consider it appropriate to adopt the going concern basis in preparing the financial statements.”

Significant events

• “The construction development of the property finished in July 2023 and property became operational in September 2023.”

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.