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Registration number: 07140080

First Step The Housing Partners Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

First Step The Housing Partners Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 5

 

First Step The Housing Partners Ltd

Company Information

Directors

Mr David N Taylor

Mrs Julie Taylor

Registered office

The Stables
Ferrars Court
Huntingdon
Cambridgeshire
PE29 3BU

Accountants

Rothmere institute of certified practising accountants
The Stables
Ferrars Court
Huntingdon
Cambridgeshire
PE29 3BU

 

First Step The Housing Partners Ltd

(Registration number: 07140080)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

4,331

37,361

Current assets

 

Debtors

36,802

132,082

Cash at bank and in hand

 

202,256

-

 

239,058

132,082

Creditors: Amounts falling due within one year

(146,075)

(107,895)

Net current assets

 

92,983

24,187

Total assets less current liabilities

 

97,314

61,548

Creditors: Amounts falling due after more than one year

(44,520)

(76,110)

Net assets/(liabilities)

 

52,794

(14,562)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

52,694

(14,662)

Shareholders' funds/(deficit)

 

52,794

(14,562)

 

First Step The Housing Partners Ltd

(Registration number: 07140080)
Abridged Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 

.........................................
Mr David N Taylor
Director

.........................................
Mrs Julie Taylor
Director

 

First Step The Housing Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Stables
Ferrars Court
Huntingdon
Cambridgeshire
PE29 3BU
England

These financial statements were authorised for issue by the Board on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Vehicles

25% Straight line

Office equipment

50 % Straight line

Furniture and fittings

50% Straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

First Step The Housing Partners Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 10).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

39,132

200,571

239,703

Disposals

(2,129)

(29,926)

(32,055)

At 31 March 2025

37,003

170,645

207,648

Depreciation

At 1 April 2024

38,467

163,875

202,342

Charge for the year

458

29,454

29,912

Eliminated on disposal

(2,128)

(26,809)

(28,937)

At 31 March 2025

36,797

166,520

203,317

Carrying amount

At 31 March 2025

206

4,125

4,331

At 31 March 2024

665

36,696

37,361

5

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100