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REGISTERED NUMBER: 03231730 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Evenbrook Group Limited

Evenbrook Group Limited (Registered number: 03231730)






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 Group 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: 03231730 (England and Wales)





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

Evenbrook Group Limited (Registered number: 03231730)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £'000 £'000 £'000 £'000
FIXED ASSETS
Investments 4 66,804 65,443

CREDITORS
Amounts falling due within one year 5 38,053 34,053
NET CURRENT LIABILITIES (38,053 ) (34,053 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,751

31,390

PROVISIONS FOR LIABILITIES 6 6,350 6,015
NET ASSETS 22,401 25,375

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 21,917 20,891
Retained earnings 7 284 4,284
22,401 25,375

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 Group Limited (Registered number: 03231730)

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

1. STATUTORY INFORMATION

Evenbrook Group 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.

Going Concern
The financial statements have been prepared on the going concern basis. Current liabilities exceed current assets by £38,053,000. Current liabilities include an amount of £38,053,000 due to other members of the Evenbrook Capital Partners Limited group (the Group Creditors) . These loans are interest free and repayable on demand. The company has a net asset value of £22,400,000 reported at the balance sheet date. The directors consider the possibility of the Group Creditors requiring repayment of the loans of £38,053,000 within 12 months from the date of approval of these financial statements to be remote and accordingly the directors of the company, the majority of whom are directors of all group companies within the group headed by Evenbrook Capital Partners Limited, which includes the company and its parent, are satisfied that these financial statements should be prepared on the going concern basis as they expect the company to continue in operational existence for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about Evenbrook Group 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.

Evenbrook Group Limited (Registered number: 03231730)

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. 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:

Revaluation of investment properties owned by subsidiary undertakings
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 investment in the shares of the group undertakings are stated at fair value which takes account of the valuation of properties owned by group undertakings carried out in March 2023 by the Directors, two of whom are Chartered Surveyors.

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.

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.

Evenbrook Group Limited (Registered number: 03231730)

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

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 65,443
Revaluations 1,361
At 31 March 2023 66,804
NET BOOK VALUE
At 31 March 2023 66,804
At 31 March 2022 65,443

Cost or valuation at 31 March 2023 is represented by:

Shares in
group
undertakings
£'000
Valuation in 2023 28,267
Cost 38,537
66,804

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£'000 £'000
Cost 48,395 48,395
Aggregate provisions (9,858 ) (9,858 )

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£'000 £'000
Amounts owed to group undertakings 38,053 34,053

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£'000 £'000
Deferred tax 6,350 6,015

Evenbrook Group Limited (Registered number: 03231730)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£'000
Balance at 1 April 2022 6,015
Provided during year 335
Balance at 31 March 2023 6,350

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

At 1 April 2022 4,284 20,891 25,175
Profit for the year - - -
Dividends (4,000 ) - (4,000 )
Revaluation - 1,361 1,361
Deferred Tax - (335 ) (335 )
At 31 March 2023 284 21,917 22,201

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

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 controlling party is Evenbrook Capital Partners Limited.

The directors consider that there is no ultimate controlling party.