REG - LendInvest SI. II LendInvest - LIV4 LendInvest - LIV3 - Interim financial information of LISI II Plc

LendinvestAnnouncement

09/12/2024 08:15

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RNS Number : 2325P  LendInvest Secured Income II  09 December 2024

BDO LLP

55 Baker Street

London

W1U 7EU

 

 

Dear Madams/Sirs

Interim financial information of LendInvest Secured Income II Plc for the
period ended 30 September 2024

This representation letter is provided in connection with your review of the
condensed balance sheet of LendInvest Secured Income II Plc  as of 30
September 2024  and the related condensed statements of income, changes in
equity and cash flows for the 6 month  period then ended for the purposes of
expressing a conclusion whether anything has come to your attention that
causes you to believe that the interim financial information is not prepared,
in all material respects, in accordance with UK adopted International
Accounting Standard 34, "Interim Financial Reporting''

We acknowledge our responsibility for the preparation and presentation of the
interim financial information in accordance with UK adopted International
Accounting Standard 34, "Interim Financial Reporting''

We confirm, to the best of our knowledge and belief, the following
representations:

•    The interim financial information referred to above has been
prepared and presented in accordance with UK adopted International Accounting
Standard 34, "Interim Financial Reporting''

•    We have made available to you all books of account and supporting
documentation, and all minutes of meetings of shareholders and the board of
directors.

•    There are no material transactions that have not been properly
recorded in the accounting records underlying the interim financial
information.

•    There has been no known actual or possible non-compliance with laws
and regulations that could have a material effect on the interim financial
information in the event of noncompliance.

•    We acknowledge responsibility for the design and implementation of
internal control to prevent and detect fraud and error.

•    To the best of our knowledge, we are not aware of any known fraud or
suspected fraud involving management, or others that may have affected the
entity.

•    We have considered the risk that the interim financial information
may be materially misstated due to fraud and have identified no risks.

•    We confirm the completeness of the information provided to you
regarding the identification of related parties.

•    The following have been properly recorded and, when appropriate,
adequately disclosed in the interim financial information in accordance with
UK adopted International Accounting Standard 34, "Interim Financial
Reporting''

o  Related party transactions, including sales, purchases, loans, transfers,
leasing arrangements and guarantees, and amounts receivable from or payable to
related parties.

 

To the best of our knowledge there are no side agreements in any of the
related party transactions of the entity.

 

•    The interim financial information includes an explanation of events
and transactions that are significant to an understanding of the changes in
financial position and performance of the entity since the end of 31 March
2024. We confirm that the disclosures included in the interim financial
information are sufficient.

 

•    We confirm that the methods, significant assumptions, and the data
used in making the accounting estimates and the related disclosures are
appropriate to achieve recognition, measurement or disclosure that is in
accordance with the applicable financial reporting framework.

 

•    In relation the following specific accounting estimates: Impairment
and Fair valuation of loans and advances. We confirm;

•    that the significant judgments made in making the accounting
estimates have taken into account all relevant information of which we are
aware.

•    that we have considered the consistency and appropriateness in the
selection or application of the methods while preparing estimates.

•    we have used the appropriate assumptions and data, to the best of
our knowledge in making the accounting estimates.

•    that the assumptions appropriately reflect our intent and ability to
carry out

specific courses of action on behalf of the entity, when relevant to the
accounting

estimates and disclosures.

•   that disclosures include the nature and amount of changes in estimates
of amounts reported in prior interim periods of the current financial year or
changes in estimates of amounts reported in prior financial years.

•    that appropriate specialized skills or expertise has been applied in
making the

accounting estimates.

•    that no subsequent event requires adjustment to the accounting
estimates and related disclosures included in the interim financial
information.

 

•    We have no plans or intentions that may materially affect the
carrying value or classification of assets and liabilities reflected in the
interim financial information.

•    We have no plans to abandon lines of product or other plans or
intentions that will result in any excess or obsolete inventory, and no
inventory is stated at an amount in excess of realizable value.

•    The entity has satisfactory title to all assets and there are no
liens or encumbrances on the entity's assets.

•    We have recorded or disclosed, as appropriate, all liabilities, both
actual and contingent.

•    We consider that LendInvest Secured Income II Plc  is able to
continue to operate as a going concern and that it is appropriate to prepare
the interim financial information on a going concern basis. Furthermore, we
confirm that the disclosures included in note 1.3 to the interim financial
information are sufficient.

•    We confirm that we have informed you of any actual or potential
non-compliance with the laws and regulations prescribed by the Financial
Services and Markets Act 2000 and Financial Services Act 2012 and any known
breaches of the Financial Conduct Authority rules.

 

•    Any complaints received in respect of regulated business and any
events, which involve possible non-compliance with the Financial Conduct
Authority rules have been disclosed to you and appropriately provided for and
disclosed in the financial statements, where applicable.

 

•    All communication with the Financial Conduct Authority including
correspondence, minutes of meetings and notes of inspection visits have been
made available to you.

 

•    We acknowledge our responsibility for ensuring that the accounting
records and systems of control have been established and maintained in
accordance with the Financial Conduct Authority rules. We confirm that the
company has kept proper accounting records for the period ended 30 September
2024 .

 

To the best of our knowledge and belief, no events have occurred subsequent to
the balance sheet date and through the date of this letter that may require
adjustment to or disclosure in the aforementioned interim financial
information.

 

Yours faithfully

Roderick Lockhart

(Signed on behalf of the board of directors)

Date: 6 December 2024

 

 

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