IRIS Accounts Production v23.3.0.418 05355002 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Fair value model Ordinary share capital 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh053550022022-06-30053550022023-06-30053550022022-07-012023-06-30053550022021-06-30053550022021-07-012022-06-30053550022022-06-3005355002ns10:Originalns15:EnglandWales2022-07-012023-06-3005355002ns14:PoundSterlingns10:Original2022-07-012023-06-3005355002ns10:Originalns10:Director12022-07-012023-06-3005355002ns10:Original2022-07-012023-06-3005355002ns10:Original2023-06-3005355002ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3005355002ns10:Originalns10:SmallEntities2022-07-012023-06-3005355002ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3005355002ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3005355002ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3005355002ns10:Originalns10:FullAccounts2022-07-012023-06-3005355002ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3005355002ns10:Originalns10:Director22022-07-012023-06-3005355002ns10:CompanySecretary1ns10:Original2022-07-012023-06-3005355002ns10:Originalns10:RegisteredOffice2022-07-012023-06-3005355002ns10:Original2022-06-3005355002ns10:Originalns5:CurrentFinancialInstruments2023-06-3005355002ns10:Originalns5:CurrentFinancialInstruments2022-06-3005355002ns10:Originalns5:Non-currentFinancialInstruments2023-06-3005355002ns10:Originalns5:Non-currentFinancialInstruments2022-06-3005355002ns5:ShareCapitalns10:Original2023-06-3005355002ns5:ShareCapitalns10:Original2022-06-3005355002ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3005355002ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3005355002ns10:Original2021-07-012022-06-3005355002ns10:Original2022-06-3005355002ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005355002ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3005355002ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-3005355002ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-3005355002ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3005355002ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3005355002ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 05355002 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Partnership Homes Development Limited

Partnership Homes Development Limited (Registered number: 05355002)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Partnership Homes Development Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: E S Dugdale
V L Taylor





SECRETARY: C Struthers





REGISTERED OFFICE: 238 Burnley Road East
Waterfoot
Rossendale
Lancashire
BB4 9DQ





REGISTERED NUMBER: 05355002 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Partnership Homes Development Limited (Registered number: 05355002)

Balance Sheet
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 5 124,278 124,278

CURRENT ASSETS
Debtors 6 72,415 72,815
Cash at bank and in hand 14,146 12,584
86,561 85,399
CREDITORS
Amounts falling due within one year 7 (7,783 ) (7,669 )
NET CURRENT ASSETS 78,778 77,730
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,056

202,008

CREDITORS
Amounts falling due after more than one
year

8

(41,197

)

(45,267

)
NET ASSETS 161,859 156,741

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 161,857 156,739
SHAREHOLDERS' FUNDS 161,859 156,741

Partnership Homes Development Limited (Registered number: 05355002)

Balance Sheet - continued
30 June 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





V L Taylor - Director


Partnership Homes Development Limited (Registered number: 05355002)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Partnership Homes Development 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 124,278
NET BOOK VALUE
At 30 June 2023 124,278
At 30 June 2022 124,278

The fair value of the property has been reviewed by the directors. There is considered to have been no significant change.

Partnership Homes Development Limited (Registered number: 05355002)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 72,415 72,815

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 4,512 4,512
Taxation and social security 1,200 1,252
Other creditors 2,071 1,905
7,783 7,669

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 41,197 45,267

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,113 25,183

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,512 4,512

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,702 4,702

Amounts falling due between two and five years:
Bank loans - 2-5 years 15,382 15,382

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,113 25,183

Partnership Homes Development Limited (Registered number: 05355002)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

9. LOANS - continued

Bank borrowings

The mortgage loan is denominated in £ with a nominal interest rate of 4.5%, and the final installment is due on 30 September 2031. The carrying amount at year end is £ 45,710 (2022 - £49,779).

Bank borrowings are secured by way of a mortgage debenture over the investment property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary share capital £1 2 2