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REGISTERED NUMBER: 02916629 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Evenbrook Estates Limited

Evenbrook Estates Limited (Registered number: 02916629)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Evenbrook Estates Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: C A Butterfield FCA
J E M Gulliford MRICS
J S Butterfield MRICS
M A Poole FCA



REGISTERED OFFICE: Brecon House
Browns Green
Birmingham
B20 1FE



REGISTERED NUMBER: 02916629 (England and Wales)



AUDITORS: CKCA Limited
No 4 Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH



SOLICITORS: Freeths LLP
80 Mount Street
Nottingham
NG1 6HH

Evenbrook Estates Limited (Registered number: 02916629)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,066 75,339

CURRENT ASSETS
Debtors 5 8,718,602 8,530,478
Cash at bank 502,285 119,793
9,220,887 8,650,271
CREDITORS
Amounts falling due within one year 6 1,110,434 582,448
NET CURRENT ASSETS 8,110,453 8,067,823
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,175,519

8,143,162

CAPITAL AND RESERVES
Called up share capital 8,800,000 8,800,000
Retained earnings 7 (624,481 ) (656,838 )
SHAREHOLDERS' FUNDS 8,175,519 8,143,162

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2023 and were signed on its behalf by:




C A Butterfield FCA - Director



M A Poole FCA - Director


Evenbrook Estates Limited (Registered number: 02916629)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Evenbrook Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for income and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Management does not consider there to be judgements made on matters considered material (apart from those involving estimates) that have had an effect on amounts recognised in the financial statements this year.

The following are the company's key sources of estimation uncertainty:

Taxation
The company establishes provisions based on reasonable estimates and these are subject to the potential consequences of enquiries by the tax authorities. The amount of such provisions is based on various factors such as experience and the impact of potentially differing interpretations of tax legislation and practice regulations by the company and the tax authorities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Financial instruments
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


Evenbrook Estates Limited (Registered number: 02916629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 178,835
DEPRECIATION
At 1 April 2022 103,496
Charge for year 10,273
At 31 March 2023 113,769
NET BOOK VALUE
At 31 March 2023 65,066
At 31 March 2022 75,339

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 1,534 420
Amounts owed by group undertakings 8,717,068 8,530,058
8,718,602 8,530,478

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 1,084,486 552,678
Other creditors 25,948 29,770
1,110,434 582,448

Evenbrook Estates Limited (Registered number: 02916629)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. RESERVES
Retained
earnings
£   

At 1 April 2022 (656,838 )
Profit for the year 32,357
At 31 March 2023 (624,481 )

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Wendy Davies (Senior Statutory Auditor)
for and on behalf of CKCA Limited

9. CONTINGENT LIABILITIES

Security
The company has granted a debenture over all its assets, a floating charge and a guarantee as security to a lender to Evenbrook Limited in respect of borrowings of £19,150,000 at 31 March 2023 (2022; £19,150,000) and to Hamstead Campus Limited in respect of borrowings of £12,225,000 at 31 March 2023 (2022; £12,225,000).

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The Company charged interest of £65,427 (2022: £66,170) to Evenbrook Limited during the year in respect of a finance lease.

The controlling party is Evenbrook Group Limited.

The directors consider that there is no ultimate controlling party.