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Registered number: 09067264
Bricks K3 Capital Limited
Financial Statements
For The Year Ended 31 December 2023
Bricks K3 Capital Limited
Contents
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—4
Page 1
Bricks K3 Capital Limited
Statement of Financial Position
As At 31 December 2023
Statement of Financial Position
Registered number: 09067264
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 1,098 1,792,915
Cash at bank and in hand 33 1
1,131 1,792,916
Creditors: Amounts Falling Due Within One Year 5 (6,043,006 ) (5,271,270 )
NET CURRENT ASSETS (LIABILITIES) (6,041,875 ) (3,478,354 )
TOTAL ASSETS LESS CURRENT LIABILITIES (6,041,875 ) (3,478,354 )
NET LIABILITIES (6,041,875 ) (3,478,354 )
CAPITAL AND RESERVES
Called up share capital 1 1
Income Statement (6,041,876 ) (3,478,355 )
SHAREHOLDERS' FUNDS (6,041,875) (3,478,354)
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.
The financial statements were approved by the board of directors on 13 October 2025 and were signed on its behalf by:
Mr Peter Prickett
Director
13/10/2025
The notes on pages 2 to 4 form part of these financial statements.
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Bricks K3 Capital Limited
Notes to the Financial Statements
For The Year Ended 31 December 2023
Notes to the Financial Statements
1. General Information
Bricks K3 Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09067264. The registered office is 167/169 Great Portland Street, 5th Floor, London, Greater London, England, 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. The presentation currency of the financial statements is Pound Sterling (£) rounded to the nearest Pound.
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 £2,563,521 in the year ended 31 December 2023 and has net liabilities of £6,041,875 at 31 December 2023. The company is the cost centre for the wider group & does not generate any income. The company holds loans due to investors on its balance sheet of GBP 4,076,339.75 which are repayable on demand. It is reliant on financial support  from related entity, Bricks capital Limited (Hong Kong based company) in order to finance the repayment of these loans as they fall due. As a result company is reliant on the financial support of its subsidiaries and ultimate parent undertaking not recalling the loan due to it. The Director believes that Bricks Capital Limited would be able to raise the necessary funding should it be called upon to finance the repayment of the loans but, in the absence of adequate committed finance to Bricks Capital Limited to fulfil this, the director recognises that there is a material uncertainty as to whether such funding would be available. 
The Director is strongly of the view that the company will be able to operate as a going concern, given the support provided by Bricks Capital Limited, or another group company, and, accordingly, has adopted the going concern basis of preparation.
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, loans 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 outright 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, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.
2.4. Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
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Bricks K3 Capital Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
2.5. 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. 
2.6. 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. 
2.7. Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receiveable are measured intially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings - 1,790,053
Other debtors 1,098 2,862
1,098 1,792,915
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Amounts owed to group undertakings 1,818,018 1,957,172
Other creditors 4,224,988 3,314,098
6,043,006 5,271,270
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 pemited 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 perfored on an arm's length basis.
8. Ultimate Controlling Party
The immediate parent undertaking in Redbookinternational Limited ( formerly Bricks Capital Holdings Limited), acompany registered in the United Kingdom. The largest and smaleest 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 contolling party is Peter Prickett.
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Bricks K3 Capital Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2023
9. Audit Information
The auditor's report on the accounts of Bricks K3 Capital Limited for the year ended 31 December 2023 was unqualified.
The auditor's report was signed by Mr Sheetal Shah FCCA (Senior Statutory Auditor) for and on behalf of Innovi Advisors Limited , Statutory Auditor.
Innovi Advisors Limited
Chartered Certified Accountant & Statutory Auditor
163 Herne Hill
London
SE24 9LR
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