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REGISTERED NUMBER: OC341094 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2025

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 2025




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


First Homes Partnership (North West) LLP

General Information
for the Year Ended 31 March 2025







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 Chartered Accountants
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 2025

The members present their report with the financial statements of the LLP for the year ended 31 March 2025.

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 profit for the year before members' remuneration and profit shares was £18,152 (2024 - £11,214 loss).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs G Renwick - Designated member


30 April 2025

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

Income Statement
for the Year Ended 31 March 2025

31.3.25 31.3.24
£    £   

TURNOVER - -

Administrative expenses 8,432 25,500
(8,432 ) (25,500 )

Other operating income 26,537 12,781
OPERATING PROFIT/(LOSS) 18,105 (12,719 )

Interest receivable and similar income 47 1,505
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS





18,152





(11,214





)

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

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 330,663 329,763

CURRENT ASSETS
Stocks 381,673 344,467
Cash at bank 2,526 2,326
384,199 346,793
CREDITORS
Amounts falling due within one year 5 451 3,863
NET CURRENT ASSETS 383,748 342,930
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,411

672,693

CREDITORS
Amounts falling due after more than one
year

6

237,668

241,229
NET ASSETS ATTRIBUTABLE TO
MEMBERS

476,743

431,464

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

476,743

431,464

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 476,743 431,464

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 2025.

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.

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

Balance Sheet - continued
31 March 2025


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 30 April 2025 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 2025

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEE INFORMATION

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2024 294,328 35,435 329,763
Additions 900 - 900
At 31 March 2025 295,228 35,435 330,663
NET BOOK VALUE
At 31 March 2025 295,228 35,435 330,663
At 31 March 2024 294,328 35,435 329,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 1 3,413
Other creditors 450 450
451 3,863

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

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 213,750 213,750
Hire purchase contracts 23,918 27,479
237,668 241,229

7. LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans from the members rank below the loan from together finance which has a charge on the property 67 Canterbury Road