LONDON - LendInvest Secured Income II Plc has confirmed the stability and compliance of its interim financial information for the six-month period ending September 30, 2024. The review conducted by BDO LLP, as stated in a representation letter dated December 6, 2024, concluded that there were no material misstatements and the financials were prepared in accordance with the UK adopted International Accounting Standard 34, "Interim Financial Reporting."
The company's management, in their letter to BDO LLP, took responsibility for the accurate preparation and presentation of the financial statements, ensuring that all transactions were properly recorded and no material events were omitted. They also confirmed that the company had complied with all relevant laws and regulations, with no known non-compliance issues that could materially affect the interim financial information.
LendInvest Secured Income II Plc emphasized the effectiveness of internal controls in preventing and detecting fraud and error, stating that no fraud involving management or others had come to their attention. The company also addressed the completeness of related party transactions and the adequacy of disclosures in the interim financial information.
The letter from Roderick Lockhart, on behalf of the board of directors, also mentioned that the company had no plans that would materially affect asset values or classifications and that it maintains satisfactory title to all assets without liens or encumbrances. The company has recorded all liabilities, both actual and contingent.
Furthermore, the company's management confirmed that LendInvest Secured Income II Plc is able to continue as a going concern, and the interim financial information has been prepared on that basis. The disclosures in note 1.3 were stated to be sufficient in explaining the basis of this going concern.
The company also acknowledged its responsibility for maintaining proper accounting records and systems of control as required by the Financial Conduct Authority (FCA) rules and confirmed that all necessary communications with the FCA had been disclosed to BDO LLP.
No subsequent events that could require adjustments to the interim financial information were reported as of the date of the letter. This information is based on a press release statement and provides a snapshot of the company's financial health and compliance with regulatory standards.
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