MREF V OPEN STORAGE SOLUTIONS TWO 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

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 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 a 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. Management have reviewed the forecasts of the Company in order to test the covenant, and have confirmed that they will be compliant for the foreseeable future. The Company owes £11,257,000 to its parent company MREF V Open Storage Solutions Holdings Two Limited. This debt is interest free and repayable on demand. The parent undertaking has intercompany debt with the ultimate controlling entities MREF V GP Limited on behalf of MREF V "B" Limited Partnership. The Company has received confirmation from MREF V GP Limited on behalf of MREF V "B" Limited Partnership as ultimate controlling party that they do not intend to recall any of the loans owed by the Company and MREF V Open Storage Solutions Two Holdings Limited, within the next 12 months of signing the financial statements. 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 party, MREF V "B" Limited Partnership has a combined total of Investor capital £194,228,000 as at 31 December 2024 which is then used to fund the Group through intercompany debt. For the reasons set out above the Directors believe that the Company has 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 a going concern basis in preparing the financial statements.”

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.