The directors present their report with the financial statements of Little Hulton Development (GP) Limited (the "Company") for the year ended 31 March 2025.
The principal activity of the Company is that of a General Partner of Little Hulton Development Limited Partnership.
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
The directors do not have any interest in the share capital of the company.
Statement of directors' responsibilities
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Little Hulton Development (GP) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 2 City Approach, Albert Street, Eccles, Manchester, United Kingdom, M30 0BL.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
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.
The directors believe that the carrying value of the investment is supported by the underlying net assets and future forecast cashflows.
Details of the company's subsidiaries at 30 March 2025 are as follows:
As defined on the Facility Agreement dated 24 July 2019, Little Hulton Development (GP) Limited acting in its capacity as General Partner of Little Hulton Development Limited Partnership (the “Borrower”) and Little Hulton Nominee Company Limited (all together the “Chargors”), entered into a Security Agreement with Social Long Income North-West L.P (the “Lender”) acting through its General Partner, ARC SLINW GP Limited, whereby fixed and floating charges over part of the leasehold land owned by the Chargors, were created. The charge is registered at HM Land Registry with title number MAN231166. The charge also contains a negative pledge.
The Lender agreed to make credit facilities available to the Borrower on the terms of the Facility Agreement dated 24 July 2019.
The Chargors agreed to provide Security to the Lender to secure the payment and discharge of the Secured Liabilities.
Salford Primary Care Together CIC is the ultimate parent company. Salford Primary Care Together CIC is incorporated in England and Wales and its registered office is 3rd Floor 2 City Approach Albert Street, Eccles, Manchester, England, M30 0BL.