Bricks K Capital Limited

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2—4

1. General Information

Bricks K Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08799161 . 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

The director intended to wind down the operations of the company, and in the prior year, it was anticipated that the company would be struck off within 12 months of the audit report date. However, it took longer than expected for directors to complete the wind down process due to operational difficulties. As of the date of approval of these financial statements, the strike-off action has not yet occurred.

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.

Considering the above events and circumstances, the director continues to intend to strike off the company within 12 months of date of approval of these financial statements as there are no plans to resume trading. Hence, The financial statements have been prepared on a non-going concern basis. Assets have been recognised at the lower of their depreciated cost or recoverable amount and liabilities have been treated as short term.

2.3. Financial Instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, foans from banks and other third parties, loans'to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unle

2.4. 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.

2.5. Cash and cash equivalents

ash 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.

2.6. Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair val

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2022: 1)

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Bricks K Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2023

4. Investments

	Unlisted
	£
Cost
As at 1 January 2023	693,250

As at 31 December 2023	693,250

Provision
As at 1 January 2023	-

As at 31 December 2023	-

Net Book Value
As at 31 December 2023	693,250

As at 1 January 2023	693,250

5. Debtors

	2023	2022
	£	£
Due within one year
Amounts owed by group undertakings	4,776,270	5,097,130
Other debtors	19,920	19,919

	4,796,190	5,117,049

6. Creditors: Amounts Falling Due Within One Year

	2023	2022
	£	£
Trade creditors	3,036	-
Bank loans and overdrafts	5,144	7,335
VAT	71,357	7,500
Other creditors	-	44,470
Accruals and deferred income	2,400	-
Amounts owed to group undertakings	3,361,406	2,960,286
Amounts owed to related parties	5,003,122	5,014,046

	8,446,465	8,033,637

7. 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.

8. Related Party Transactions

As permitted by FRS 102, the comany 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.

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Bricks K Capital Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2023

9. 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.

10. Audit Information

The auditor's report on the accounts of Bricks K Capital Limited for the year ended 31 December 2023 was unqualified.

The auditors emphasised the following matter without qualifying their report:

We draw attention to note 2.2 of the financial statements, which describes the basis of preparation, Administration of Holding company, subsequent sale of subsidiaries. Although the company was expected to be struck off within 12 months of the prior year’s audit report, this has not yet occurred. The financial statements have been prepared on a non-going concern basis. Our opinion is not modified in respect of this matter.

The auditor's report was signed by Mr 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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		2023		2022
	Notes	£	£	£	£
FIXED ASSETS
Investments	4		693,250		693,250

			693,250		693,250
CURRENT ASSETS
Debtors	5	4,796,190		5,117,049

		4,796,190		5,117,049
Creditors: Amounts Falling Due Within One Year	6	(8,446,465 )		(8,033,637 )

NET CURRENT ASSETS (LIABILITIES)			(3,650,275 )		(2,916,588 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(2,957,025 )		(2,223,338 )

NET LIABILITIES			(2,957,025 )		(2,223,338 )

CAPITAL AND RESERVES
Called up share capital			100		100
Income Statement			(2,957,125 )		(2,223,438 )

SHAREHOLDERS' FUNDS			(2,957,025)		(2,223,338)