THE SYCAMORE IV MEZZANINE FINANCE FUND LLP

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements, which indicates that the limited liability partnership is dependent on receiving cash from repayment of loans to continue to meet its obligations as they fall due. The repayment of the loans are dependent on certain property transactions. The timing of these transactions occurring is uncertain and therefore the timing and amount of repayments of the loan receivables is uncertain. These conditions indicate that a material uncertainty exists which may cast significant doubt on the limited liability partnership's ability to continue as a going concern. Our opinion is not modified in respect of this matter

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

  -6.3%

  £312,111 → £292,393

• Cash

  -79.5%

  £3,022 → £618

• Net assets

  -14.1%

  £3,692,476 → £3,170,641

• Employees

  —

  Not reported

• Operating profit

  -106.3%

  £302,987 → -£19,076

• Profit before tax

  -106.3%

  £302,987 → -£19,076

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

Beavis Morgan Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements, which indicates that the limited liability partnership is dependent on receiving cash from repayment of loans to continue to meet its obligations as they fall due. The repayment of the loans are dependent on certain property transactions. The timing of these transactions occurring is uncertain and therefore the timing and amount of repayments of the loan receivables is uncertain. These conditions indicate that a material uncertainty exists which may cast significant doubt on the limited liability partnership's ability to continue as a going concern. Our opinion is not modified in respect of this matter”

Significant events

• “Subsequent to the reporting date, the Partnership extended the terms of the loan facilities to the related parties to 31 July 2028. The Partnership expects to continue to extend terms until such time as the respective borrower is in a position to make a repayment.”

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.