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REGISTERED NUMBER: 05821888 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Evenbrook Capital Partners Limited

Evenbrook Capital Partners Limited (Registered number: 05821888)






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 Capital Partners 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: 05821888 (England and Wales)





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

Evenbrook Capital Partners Limited (Registered number: 05821888)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £'000 £'000 £'000 £'000
FIXED ASSETS
Investments 4 22,401 25,375

CURRENT ASSETS
Debtors 5 2,598 3,957
Cash in hand 784 800
3,382 4,757
CREDITORS
Amounts falling due within one year 6 1,500 1,500
NET CURRENT ASSETS 1,882 3,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,283

28,632

CAPITAL AND RESERVES
Called up share capital 222 222
Share premium 7 478 478
Fair value reserve 7 22,195 25,169
Retained earnings 7 1,388 2,763
SHAREHOLDERS' FUNDS 24,283 28,632

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 Capital Partners Limited (Registered number: 05821888)

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

1. STATUTORY INFORMATION

Evenbrook Capital Partners 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Evenbrook Capital Partners Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Evenbrook Capital Partners Limited (Registered number: 05821888)

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

2. ACCOUNTING POLICIES - continued

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.

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

Revaluation of investment properties owned by subsidiary undertakings

The company carries its investment in shares in its direct subsidiary, Evenbrook Group Limited, at fair value. This reflects that Evenbrook Group Limited carries its investments in shares in its subsidiary undertakings at fair value which in turn reflects that certain of those subsidiaries carry investment properties at fair value as valued by their directors, two of whom are Chartered Surveyors, at 31 March 2023. The financial statements of Evenbrook Group Limited included the following:

The company carries its investments in subsidiary undertakings at fair value which reflects the valuation of those companies' investment properties by the directors, two of whom are Chartered Surveyors, at 31 March 2023 which were reported on the following general basis in subsidiary undertaking financial statements:

Investment property was valued on an open market fair value basis on 31 March 2023 by the directors, two of whom are Chartered Surveyors. The Company did not instruct an agent to carry out an external professional valuation at 31 March 2023. The directors have had regard to a routine valuation for security purposes carried out by the bank's independent valuers during May 2023.

Investments in subsidiaries
The company's investments in the shares of subsidiary undertakings are stated at fair value on a basis which takes into account the fair value of investment properties held by the subsidiary

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. Group relief provided is recognised at 100% of tax losses.


Evenbrook Capital Partners Limited (Registered number: 05821888)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£'000
COST OR VALUATION
At 1 April 2022 25,375
Revaluations (2,974 )
At 31 March 2023 22,401
NET BOOK VALUE
At 31 March 2023 22,401
At 31 March 2022 25,375

Cost or valuation at 31 March 2023 is represented by:

Shares in
group
undertakings
£'000
Valuation in 2023 22,195
Cost 206
22,401

Evenbrook Capital Partners Limited (Registered number: 05821888)

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

4. FIXED ASSET INVESTMENTS - continued

Class of % of
share nominal
capital value of
held shares held
Evenbrook Group Limited Ordinary 100%



At 31 March 2023 Evenbrook Capital Partners Limited held the following subsidiary undertakings via its investment in Evenbrook Group Limited.

Class of % of
share nominal
capital value of
held shares held
Evenbrook Investment Holdings Limited Ordinary 100%
Evenbrook Estates Limited Ordinary 100%
Evenbrook Limited (was Greater Midlands Housing Company
Limited)

Ordinary

100%
Evenbrook Properties 2 Limited Ordinary 100%
Hamstead Campus Limited Ordinary 100%
Hamstead Hall Limited Ordinary 100%
Bristol Investment Properties Limited Ordinary 98.74%
Evenbrook (Suffolk) Limited Ordinary 100%



The activities of the above companies comprised the acquisition, ownership and management of residential property for letting.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£'000 £'000
Amounts owed by group undertakings 2,598 3,957

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£'000 £'000
Amounts owed to associates 1,500 1,500

Evenbrook Capital Partners Limited (Registered number: 05821888)

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

7. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£'000 £'000 £'000 £'000

At 1 April 2022 2,763 478 25,169 28,410
Profit for the year 4,000 - - 4,000
Dividends (5,375 ) - - (5,375 )
Revaluation - - (2,974 ) (2,974 )
At 31 March 2023 1,388 478 22,195 24,061

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. RELATED PARTY DISCLOSURES

Willoughby 395 Limited charged interest to the company of £112,500 (2022; £112,500) during the year and was owed £750,000 (2022; £750,000) by the company at the year end. Willoughby 396 Limited charged interest to the company of £112,500 (2022; £112,500) during the year and was owed £750,000 (2022; £750,000) by the company at the year end.

The controlling party is Willoughby 395 (EBK) Limited and Willoughby 396 Limited.

The directors consider that there is no ultimate controlling party.