REGISTERED NUMBER: 10070235 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HIGHBROOK INVESTORS UK LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

B R Carr

S Cornell

Registered office:

1 Cavendish Place

London

England

W1G 0QF

Registered number:

10070235 (England and Wales)

FIXED ASSETS

Tangible assets

4

165,559

29,594

Investments

5

-

-

165,559

29,594

CURRENT ASSETS

Debtors

6

1,589,703

1,453,631

Cash at bank

33,421

28,996

1,623,124

1,482,627

CREDITORS

Amounts falling due within one year

7

(244,490

)

(136,557

)

NET CURRENT ASSETS

1,378,634

1,346,070

TOTAL ASSETS LESS CURRENT LIABILITIES

1,544,193

1,375,664

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,544,192

1,375,663

SHAREHOLDERS' FUNDS

1,544,193

1,375,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 29 December 2025 and were signed on its behalf by:

S Cornell - Director

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

Investments

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

to property

fittings

Totals

£

£

£

Cost

At 1 April 2024

126,855

5,822

132,677

Additions

157,646

16,083

173,729

Disposals

(126,855

)

(5,822

)

(132,677

)

At 31 March 2025

157,646

16,083

173,729

Depreciation

At 1 April 2024

101,086

1,997

103,083

Charge for year

26,454

1,188

27,642

Eliminated on disposal

(119,940

)

(2,615

)

(122,555

)

At 31 March 2025

7,600

570

8,170

Net book value

At 31 March 2025

150,046

15,513

165,559

At 31 March 2024

25,769

3,825

29,594

5.	FIXED ASSET INVESTMENTS

The Company holds investments in subsidiaries. No consideration has been transferred in respect of these investments and, accordingly, no cost has been recognised in the financial statements. The investments are therefore stated at nil cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

4,346

4,454

Amounts owed by group undertakings

856,448

1,221,248

Other debtors

728,909

227,929

1,589,703

1,453,631

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

145,884

17,781

Taxation and social security

48,464

64,938

Other creditors

50,142

53,838

244,490

136,557

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

31/3/24

£

£

Within one year

341,892

135,810

Between one and five years

2,261,146

-

2,603,038

135,810

9.	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.