Acorah Software Products - Accounts Production 15.0.600 false true true false 28 September 2022 31 December 2023 31 December 2023 14383154 Mr Nestor Weigand true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14383154 2022-09-27 14383154 2023-12-31 14383154 2022-09-28 2023-12-31 14383154 frs-core:CurrentFinancialInstruments 2023-12-31 14383154 frs-core:SharePremium 2023-12-31 14383154 frs-core:ShareCapital 2023-12-31 14383154 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 14383154 frs-bus:PrivateLimitedCompanyLtd 2022-09-28 2023-12-31 14383154 frs-bus:FilletedAccounts 2022-09-28 2023-12-31 14383154 frs-bus:SmallEntities 2022-09-28 2023-12-31 14383154 frs-bus:AuditExempt-NoAccountantsReport 2022-09-28 2023-12-31 14383154 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-28 2023-12-31 14383154 1 2022-09-28 2023-12-31 14383154 frs-core:CostValuation 2022-09-27 14383154 frs-core:AdditionsToInvestments 2023-12-31 14383154 frs-core:FurtherSpecificIncreaseDecreaseInInvestments1ComponentTotalChangeInInvestments 2023-12-31 14383154 frs-core:CostValuation 2023-12-31 14383154 frs-core:ProvisionsForImpairmentInvestments 2022-09-27 14383154 frs-core:ProvisionsForImpairmentInvestments 2023-12-31 14383154 frs-bus:Director1 2022-09-28 2023-12-31 14383154 frs-countries:EnglandWales 2022-09-28 2023-12-31
Registered number: 14383154
Eastborough Partners I UK Holding Limited
Unaudited Financial Statements
For the Period 28 September 2022 to 31 December 2023
Aspreys Accountants
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14383154
31 December 2023
Notes £ £
FIXED ASSETS
Investments 4 6,991,597
6,991,597
Creditors: Amounts Falling Due Within One Year 5 (26 )
NET CURRENT ASSETS (LIABILITIES) (26 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,991,571
NET ASSETS 6,991,571
CAPITAL AND RESERVES
Called up share capital 6 1,000
Share premium account 7,694,652
Profit and Loss Account (704,081 )
SHAREHOLDERS' FUNDS 6,991,571
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nestor Weigand
Director
26/09/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Eastborough Partners I UK Holding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14383154 . The registered office is 3rd Floor, 48 Beak Street, London, W1F 9RL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The company will be provided with financial support from its parent entity if and when it is needed, so that it can continue in operational existence for the foreseeable future.  The going concern basis is therefore the appropriate basis on which to prepare the financial statements.
2.3. Foreign Currencies
The company's presentational currency is sterling and its functional currency is USD.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Investments
Investments are included in the balance sheet initially at cost, and are subsequently restated to fair value through profit and loss.  Fair value is, where possible, stated with reference to a professional, independent valuation or a relevant market.
3. Average Number of Employees
Average number of employees, including directors, during the period was: NIL
-
4. Investments
Other
£
Cost
As at 28 September 2022 -
Additions 7,695,652
Fair value adjustments (704,055 )
As at 31 December 2023 6,991,597
Provision
As at 28 September 2022 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 6,991,597
As at 28 September 2022 -
The above relate to investments made in commercial real estate projects located in The Netherlands and Spain.
5. Creditors: Amounts Falling Due Within One Year
31 December 2023
£
Bank loans and overdrafts 26
Page 2
Page 3
6. Share Capital
31 December 2023
£
Allotted, Called up and fully paid 1,000
7. Ultimate Parent Undertaking and Controlling Party
The company's immediate controlling party is Eastborough Partners Fund I LP, a company incorporated in the USA, by virtue of its 100% ownership over the company's share capital. There is no ultimate controlling party.
Page 3