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REGISTERED NUMBER: OC341094 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

First Homes Partnership (North West) LLP

First Homes Partnership (North West) LLP (Registered number: OC341094)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


First Homes Partnership (North West) LLP

General Information
for the Year Ended 31 March 2023







DESIGNATED MEMBERS: J Renwick
Mrs G Renwick





REGISTERED OFFICE: Unit 4 Discovery Works
Trafford Park
Trafford Park Road
Manchester
M17 1AN





REGISTERED NUMBER: OC341094 (England and Wales)





ACCOUNTANTS: Woodhouse
25 Netherwood Road
Manchester
M22 4BW

First Homes Partnership (North West) LLP (Registered number: OC341094)

Report of the Members
for the Year Ended 31 March 2023

The members present their report with the financial statements of the LLP for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the year under review was that of property development and rental.

DESIGNATED MEMBERS
The designated members during the year under review were:

J Renwick
Mrs G Renwick

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS
The loss for the year before members' remuneration and profit shares was £36,749 (2022 - £186 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs G Renwick - Designated member


21 September 2023

First Homes Partnership (North West) LLP (Registered number: OC341094)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
£    £   

TURNOVER - -

Administrative expenses 41,317 3,123
(41,317 ) (3,123 )

Other operating income 7,309 12,300
OPERATING (LOSS)/PROFIT (34,008 ) 9,177


Interest payable and similar expenses 2,741 8,991
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





(36,749





)





186

First Homes Partnership (North West) LLP (Registered number: OC341094)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,540 289,306

CURRENT ASSETS
Cash at bank 135,009 -

CREDITORS
Amounts falling due within one year 5 450 450
NET CURRENT ASSETS/(LIABILITIES) 134,559 (450 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,099

288,856

CREDITORS
Amounts falling due after more than one
year

6

31,040

246,978
NET ASSETS ATTRIBUTABLE TO
MEMBERS

136,059

41,878

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

136,059

41,878

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 136,059 41,878

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 21 September 2023 and were signed by:



Mrs G Renwick - Designated member

First Homes Partnership (North West) LLP (Registered number: OC341094)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

First Homes Partnership (North West) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

3. EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 289,306 - 289,306
Additions - 32,540 32,540
Disposals (289,306 ) - (289,306 )
At 31 March 2023 - 32,540 32,540
NET BOOK VALUE
At 31 March 2023 - 32,540 32,540
At 31 March 2022 289,306 - 289,306

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 450 450

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 246,978
Hire purchase contracts 31,040 -
31,040 246,978

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The amount due to Vida Home Loans of £246,978 has a first charge over the property owned by the company.