| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Evenbrook Capital Partners Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Evenbrook Capital Partners Limited |
| Evenbrook Capital Partners Limited (Registered number: 05821888) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Evenbrook Capital Partners Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Evenbrook Capital Partners Limited (Registered number: 05821888) |
| Balance Sheet |
| 31 March 2025 |
| 31.3.25 | 31.3.24 |
| Notes | £'000 | £'000 | £'000 | £'000 |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium | 7 |
| Fair value reserve | 7 |
| Retained earnings | 7 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Evenbrook Capital Partners Limited (Registered number: 05821888) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Evenbrook Capital Partners Limited (Registered number: 05821888) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Evenbrook Capital Partners Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 2025 |
| 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 2025. 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 2025 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 2025 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 2025. The directors have had regard to a routine valuation for security purposes carried out by the bank's independent valuers during August 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 2025 |
| 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 (2024 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £'000 |
| COST OR VALUATION |
| At 1 April 2024 |
| Revaluations |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Shares in |
| group |
| undertakings |
| £'000 |
| Valuation in 2025 | 24,326 |
| Cost | 206 |
| 24,532 |
| Evenbrook Capital Partners Limited (Registered number: 05821888) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| Class of | % of |
| share | nominal |
| capital | value of |
| held | shares held |
| Evenbrook Group Limited | Ordinary | 100% |
| At 31 March 2025 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 |
| 31.3.25 | 31.3.24 |
| £'000 | £'000 |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.25 | 31.3.24 |
| £'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 2025 |
| 7. | RESERVES |
| Fair |
| Retained | Share | value |
| earnings | premium | reserve | Totals |
| £'000 | £'000 | £'000 | £'000 |
| At 1 April 2024 | 25,743 |
| Profit for the year | - | - |
| Dividends | ( |
) | - | - | ( |
) |
| Revaluation | - | - | 674 | 674 |
| At 31 March 2025 | 25,542 |
| 8. | RELATED PARTY DISCLOSURES |
| Willoughby 395 Limited charged interest to the company of £112,500 (2024; £112,500) during the year and was owed £750,000 (2024; £750,000) by the company at the year end. |
| Willoughby 396 Limited charged interest to the company of £112,500 (2024; £112,500) during the year and was owed £750,000 (2024; £750,000) by the company at the year end. |
| The directors consider that there is no ultimate controlling party. |