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Registered number: 14878168









CAREBROOK PARTNERSHIP (NI) LTD









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 28 MARCH 2024

 
CAREBROOK PARTNERSHIP (NI) LTD
REGISTERED NUMBER: 14878168

BALANCE SHEET
AS AT 28 MARCH 2024

2024
Note
£

Fixed assets
  

Intangible assets
 4 
24,377

Tangible assets
 5 
521,836

  
546,213

Current assets
  

Stocks
  
8,974

Debtors: amounts falling due within one year
 6 
99,367

Cash at bank and in hand
  
27,101

  
135,442

Creditors: amounts falling due within one year
 7 
(763,864)

Net current (liabilities)/assets
  
 
 
(628,422)

Total assets less current liabilities
  
(82,209)

  

Net (liabilities)/assets
  
(82,209)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(82,210)

  
(82,209)


Page 1

 
CAREBROOK PARTNERSHIP (NI) LTD
REGISTERED NUMBER: 14878168
    
BALANCE SHEET (CONTINUED)
AS AT 28 MARCH 2024

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 March 2025.




G P Loughran
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

1.


General information

Carebrook Partnership (NI) Limited is a private company, limited by shares, incorporated in the United Kingdom and registered in England and Wales (registered number 14878168). The company's registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom, W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. The directors have obtained assurances from the shareholders to continue to provide adequate funds to meet its obligations, and not to demand repayment of any funds due to them, until the company is in a financial position to do so. As a result, the directors consider it appropriate to prepare the financial statements on a going concern basis.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Over the life of the lease
Plant and machinery
-
Fixtures and fittings
-
25%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the period was 6.







4.


Intangible assets



Patents

£



Cost


Additions
25,000



At 28 March 2024

25,000



Amortisation


Charge for the period on owned assets
623



At 28 March 2024

623



Net book value



At 28 March 2024
24,377



Page 6

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


Additions
367,650
2,209
173,868
543,727



At 28 March 2024

367,650
2,209
173,868
543,727



Depreciation


Charge for the period on owned assets
8,252
-
13,639
21,891



At 28 March 2024

8,252
-
13,639
21,891



Net book value



At 28 March 2024
359,398
2,209
160,229
521,836


6.


Debtors

2024
£


Amounts owed by group undertakings
6,170

Other debtors
91,268

Prepayments and accrued income
1,929

99,367


Page 7

 
CAREBROOK PARTNERSHIP (NI) LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
£

Bank loans
315,860

Trade creditors
48,893

Amounts owed to group undertakings
362,666

Other taxation and social security
11,629

Other creditors
2,385

Accruals and deferred income
22,431

763,864



8.


Controlling party

The immediate parent company is Carebrook Holdings Limited. The ultimate controlling party is G Loughran.


9.


Auditors' information

The auditors' report on the financial statements for the period ended 28 March 2024 was unqualified.

The audit report was signed on 24 March 2025 by  (Senior Statutory Auditor) on behalf of Harris & Trotter LLP.

 
Page 8