IRIS Accounts Production v24.3.2.46 10070235 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh100702352023-03-31100702352024-03-31100702352023-04-012024-03-31100702352022-03-31100702352022-04-012023-03-31100702352023-03-3110070235ns15:EnglandWales2023-04-012024-03-3110070235ns14:PoundSterling2023-04-012024-03-3110070235ns10:Director12023-04-012024-03-3110070235ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110070235ns10:SmallEntities2023-04-012024-03-3110070235ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110070235ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110070235ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110070235ns10:FullAccounts2023-04-012024-03-3110070235ns10:Director22023-04-012024-03-3110070235ns10:RegisteredOffice2023-04-012024-03-3110070235ns5:CurrentFinancialInstruments2024-03-3110070235ns5:CurrentFinancialInstruments2023-03-3110070235ns5:ShareCapital2024-03-3110070235ns5:ShareCapital2023-03-3110070235ns5:RetainedEarningsAccumulatedLosses2024-03-3110070235ns5:RetainedEarningsAccumulatedLosses2023-03-3110070235ns5:LeaseholdImprovements2023-03-3110070235ns5:FurnitureFittings2023-03-3110070235ns5:LeaseholdImprovements2023-04-012024-03-3110070235ns5:FurnitureFittings2023-04-012024-03-3110070235ns5:LeaseholdImprovements2024-03-3110070235ns5:FurnitureFittings2024-03-3110070235ns5:LeaseholdImprovements2023-03-3110070235ns5:FurnitureFittings2023-03-3110070235ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110070235ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3110070235ns5:WithinOneYear2024-03-3110070235ns5:WithinOneYear2023-03-3110070235ns5:BetweenOneFiveYears2024-03-3110070235ns5:BetweenOneFiveYears2023-03-3110070235ns5:AllPeriods2024-03-3110070235ns5:AllPeriods2023-03-31
REGISTERED NUMBER: 10070235 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

HIGHBROOK INVESTORS UK LTD

HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


HIGHBROOK INVESTORS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: B R Carr
S Cornell





Registered office: 1 Cavendish Place
London
England
W1G 0QF





Registered number: 10070235 (England and Wales)






HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 29,594 55,386

CURRENT ASSETS
Debtors 5 1,453,631 1,095,254
Cash at bank 28,996 229,350
1,482,627 1,324,604
CREDITORS
Amounts falling due within one year 6 (136,557 ) (145,221 )
NET CURRENT ASSETS 1,346,070 1,179,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,375,664

1,234,769

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,375,663 1,234,768
SHAREHOLDERS' FUNDS 1,375,664 1,234,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

BALANCE SHEET - continued
31 MARCH 2024


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 25 March 2025 and were signed on its behalf by:





S Cornell - Director


HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Highbrook Investors UK Ltd 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.

The presentation currency of the financial statements is the pounds sterling (GBP) and the financial statements have been rounded to the nearest pound (£).

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.

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.

Turnover
Turnover represents amounts charged to the company's parent under a sales and marketing agreement, excluding value added tax.

Turnover is recognised when chargeable costs are incurred.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings-Straight line over 5 years
Computer equipment-Straight line over 5 years
Improvements to property -Straight line over 5 - 15 years

HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements and
to property fittings Totals
£ £ £
Cost
At 1 April 2023
and 31 March 2024 126,855 5,822 132,677
Depreciation
At 1 April 2023 76,113 1,178 77,291
Charge for year 24,973 819 25,792
At 31 March 2024 101,086 1,997 103,083
Net book value
At 31 March 2024 25,769 3,825 29,594
At 31 March 2023 50,742 4,644 55,386

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 4,454 4,547
Amounts owed by group undertakings 1,221,248 882,490
Other debtors 227,929 208,217
1,453,631 1,095,254

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 17,781 4,035
Taxation and social security 64,938 88,025
Other creditors 53,838 53,161
136,557 145,221

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 135,810 162,972
Between one and five years - 135,810
135,810 298,782

HIGHBROOK INVESTORS UK LTD (REGISTERED NUMBER: 10070235)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. ULTIMATE CONTROLLING PARTY

Highbrook Investment Management LP (incorporated in the United States of America) is regarded by the directors as being the company`s ultimate parent company.

The largest and smallest group in which the results of the company are consolidated is that by Highbrook Investment Management LP, a private company, with its principle place of business at 360 South Rosemary Avenue, Suite 1020, West Palm Beach , FL 33401.