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Registered number: 13590524
Bricks Group Asset Management Limited
Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Statement of Financial Position
Registered number: 13590524
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 82,787 1,741,961
Cash at bank and in hand 904 725
83,691 1,742,686
Creditors: Amounts Falling Due Within One Year 5 (1,493,792 ) (1,357,762 )
NET CURRENT ASSETS (LIABILITIES) (1,410,101 ) 384,924
TOTAL ASSETS LESS CURRENT LIABILITIES (1,410,101 ) 384,924
NET (LIABILITIES)/ASSETS (1,410,101 ) 384,924
CAPITAL AND RESERVES
Called up share capital 100 100
Income Statement (1,410,201 ) 384,824
SHAREHOLDERS' FUNDS (1,410,101) 384,924
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 Income Statement.
On behalf of the board
Mr Peter Prickett
Director
21/07/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Bricks Group Asset Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13590524. The registered office is 167/169 Great Portland Street, 5th Floor, London, Greater London, W1W 5PF.
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
Administration of Holding Company: On 28th January, 2025 the holding company, Redbookinternational Limited, entered into administration due to financial pressure and to streamline the group companies. The appointed administrators are Paul Davies and Sandra Mundy of James Cowper Kreston. The administration process is ongoing, and the administrators are working to realize the assets of the Group and settle its liabilities.
Sale of Subsidiaries: Subsequent to the year-end date, on 29th April, 2025, the administrators completed the sale of the company's subsidiaries, Bricks Leicester Capital Limited, Bricks Salford 2 Capital Limited, Bricks Swansea Capital Limited and LCA Capital Limited, including subsidiaries of these companies to Uniquarters Limited. The sale was part of the strategy to maximize returns to creditors. The financial impact of this transaction will be reflected in the next financial period.
The Management has assessed the implications of these events on Company’s ability to continue as a going concern and concluded that the going concern basis of preparation remains appropriate as at the date of approval of these financial statements.
Notwithstanding this assessment, the Director recognises that there are issues which indicates that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.
The company generated losses of £1,795,025 in the year ended 31 December 2023 and has net liabilities of £1,410,101 at 31 December 2023. As a result company is reliant on the on the financial support of its subsidiaries and ultimate parent undertaking not recalling the loan due to it. The subsidiaries have material uncertainties with respect to going concern due to administration of immediate parent undertaking which has resulted in all the intercompany liabilities to ultimate parent undertaking recoverable on demand. There is therefore a risk that such debts cannot be repaid on demand. The group has material uncertainties with respect to going concern due to various loans outstanding at the year end, which are repayable within 12 months from the date of approving the financial statements. As a result, whilst the Director believes that ultimate parent undertaking will be able to support the Company should it be required to do, the Director acknowledges that there is a material uncertainty around this.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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. 
2.5. 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.
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2.6. 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 2)
1 2
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 79,416 47,253
Amounts owed by group undertakings - 1,688,265
Other debtors 3,371 6,443
82,787 1,741,961
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 27,321 -
Amounts owed to group undertakings 1,436,730 1,347,385
Other creditors 4,200 -
Taxation and social security 25,541 10,377
1,493,792 1,357,762
6. Post Balance Sheet Events
The immediate parent undertaking, RedbookInternational Limited (formerly named Bricks Capital Holdings Limited) is in administration started on 21st January 2025.
On 29th April, 2025, the administrators completed the sale of the company's subsidiaries: Bricks Leicester Capital Limited, Bricks Salford 2 Capital Limited, Bricks Swansea Capital Limited and LCA Capital Limited, including subsidiaries of these companies to Uniquarters Limited.
7. Related Party Transactions
As permitted by FRS 102, the company has taken advantage of the exemption from disclosing the transactions entered into between wholly owned group companies and those group company transactions that have been performed on an arm'’s length basis. 
8. Ultimate Controlling Party
The immediate parent undertaking is Redbookinternational Limited (formerly Bricks Capital Holdings Limited), a company registered in the United Kingdom. The largest and smallest group in which the results of the Company are consolidated is that of Bricks Group Holdings Limited. The consolidated financial statements may be obtained from 167/169 Great Portland Street, 5th Floor, London, Greater London, England, W1W 5PF. The ultimate controlling party is Peter Prickett. 
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9. Audit Information
The auditor's report on the accounts of Bricks Group Asset Management Limited for the year ended 31 December 2023 was unqualified.
The auditor's report was signed by Sheetal Shah FCCA (Senior Statutory Auditor) for and on behalf of Innovi Advisors Ltd , Statutory Auditor.
Innovi Advisors Ltd
Chartered Certified Accountant & Statutory Auditor
163 Herne Hill
London
SE24 9LR
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