REGISTERED NUMBER: 06865560 (England and Wales)

Financial Statements for the Year Ended 30 September 2025

for

Hollybrook (UK) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr D M Cox

Miss V A Cox

Mr M Cox

SECRETARY:

Miss V A Cox

REGISTERED OFFICE:

19 Queen Elizabeth Street

London

SE1 2LP

REGISTERED NUMBER:

06865560 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

FIXED ASSETS

Investments

4

2,737

2,537

CURRENT ASSETS

Debtors

5

17,368,213

44,476,076

Cash at bank and in hand

8,038

5,423

17,376,251

44,481,499

CREDITORS

Amounts falling due within one year

(56,785

)

(27,005

)

NET CURRENT ASSETS

17,319,466

44,454,494

TOTAL ASSETS LESS CURRENT LIABILITIES

17,322,203

44,457,031

CREDITORS

Amounts falling due after more than one year

6

(2,054

)

(1,854

)

PROVISIONS FOR LIABILITIES

7

(4,182,998

)

-

NET ASSETS

13,137,151

44,455,177

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

13,137,051

44,455,077

SHAREHOLDERS' FUNDS

9

13,137,151

44,455,177

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 October 2026 and were signed on its behalf by:

Mr M Cox - Director

1.	STATUTORY INFORMATION

Hollybrook (UK) Limited 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.

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 as modified by the revaluation of certain assets.

The company has reported a net loss for the year of £31.3m. This net loss is after making a provision of £26.8m in relation to amounts owed by various entities, including the company's subsidiary undertakings, which the directors now consider are not recoverable. The net loss is also stated after making a provision of £4.2m for the cost of post completion remediation works on two legacy projects. These two provisions account for the year on year drop in the company's net asset position from £44.4m as at 30 September 2024 to £13.1m as at 30 September 2025.

The directors consider that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

Preparation of consolidated financial statements

The financial statements contain information about Hollybrook (UK) 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.

Investments

Investments in the issued share capital of subsidiary undertakings, associates and joint ventures are stated at cost subject to any provision for impairment.

Other investments are stated at fair value.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation as a result of a past event and it is probable that the company would be required to settle that obligation. Provisions are usually measured at the Directors' best estimate of the expenditure required to settle the obligation at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 October 2024

2,537

Additions

200

At 30 September 2025

2,737

NET BOOK VALUE

At 30 September 2025

2,737

At 30 September 2024

2,537

Cost or valuation at 30 September 2025 is represented by:

Totals

£

Cost

2,737

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/9/25

30/9/24

£

£

Amounts owed by group undertakings

-

17,199,408

Other debtors

12,172,147

27,231,668

12,172,147

44,431,076

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30/9/25

30/9/24

£

£

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

2,054

1,854

7.	PROVISIONS FOR LIABILITIES

30/9/25

30/9/24

£

£

Other provisions

4,182,998

-

Other

provisions

£

Provided during year

3,682,998

Balance at 30 September 2025

3,682,998

Other provisions represent an amount determined to be payable by the company, following a first tier tribunal decision made on 21 May 2026, for remediation costs incurred on a specific legacy site, and the directors' best estimate of additional costs that may be incurred in the ordinary course of business on another completed project. These provisions are made based on the historical experience of the company's subsidiary undertakings and also take account of site-specific risks. Actual costs may be different An over- or understatement in these provisions would lead to consequential changes in the net loss reported for the year.

The timing of the outflow of resources to which these provisions relate is uncertain.

8.	CONTINGENT LIABILITIES

Provisions are recognised when an outflow of economic benefits for settlement is probable and the amount can be reliably estimated. Based upon legal and expert advice, provisions have been made where notices have been received in connection with fire safety defects on legacy projects.

Although a review of legacy projects has been undertaken and the expectation is that the prospect of receiving further notices will diminish over time, the possibility of further notices cannot be entirely ruled out. As at the date of approval of these financial statements, it is not possible to provide a meaningful estimate of the financial effect of any further notices as this will be largely driven by site-specific circumstances in each case.

Furthermore, if further notices are received which eventually lead to an outflow of resources, such outflow is unlikely to occur within twelve months from the date of approval of these financial statements due to the length of time required to receive and consider relevant technical advice and the fact that any works found to be necessary are typically carried out and paid for over a period of time.

9.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

30/9/25

30/9/24

£

£

Loss for the financial year

(31,318,026

)

(3,968,511

)

Net reduction of shareholders' funds

(31,318,026

)

(3,968,511

)

Opening shareholders' funds

44,455,177

48,423,688

Closing shareholders' funds

13,137,151

44,455,177

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hollybrook (UK) Limited for the year ended 30 September 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Hollybrook (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hollybrook (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Hollybrook (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hollybrook (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Hollybrook (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hollybrook (UK) Limited. You consider that Hollybrook (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hollybrook (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

28 October 2026