Littleborough Investment Partnership Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11794396 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Littleborough Investment Partnership Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Fairley

Mrs L Gibbons

C Greenwood

Ms G Irvine

D Kroslid

A K Rasmussen

REGISTERED OFFICE:

C/O Performance Doorset Solutions Ltd

Greenvale Business Park

Todmorden Road

Littleborough

Lancashire

OL15 9AZ

REGISTERED NUMBER:

11794396 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

103,651

120,488

Investments

5

103,656

120,493

CURRENT ASSETS

Debtors

6

282,435

149,300

Cash at bank

234,514

246,420

516,949

395,720

CREDITORS

Amounts falling due within one year

7

62,708

33,090

NET CURRENT ASSETS

454,241

362,630

TOTAL ASSETS LESS CURRENT
LIABILITIES

557,897

483,123

CREDITORS

Amounts falling due after more than one year

8

-

81,000

NET ASSETS

557,897

402,123

CAPITAL AND RESERVES

Called up share capital

1,500

Share premium

13,500

Non-distributable reserve

131,300

Retained earnings

411,597

255,823

SHAREHOLDERS' FUNDS

557,897

402,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

T J Fairley - Director

Mrs L Gibbons - Director

1.	STATUTORY INFORMATION

Littleborough Investment Partnership Ltd 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.	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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Motor vehicles

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with charges 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1 April 2024

1,003,587

15,881

1,019,468

Additions

-

51,429

At 31 March 2025

1,003,587

67,310

1,070,897

DEPRECIATION

At 1 April 2024

883,099

15,881

898,980

Charge for year

66,838

1,428

68,266

At 31 March 2025

949,937

17,309

967,246

NET BOOK VALUE

At 31 March 2025

53,650

50,001

103,651

At 31 March 2024

120,488

-

120,488

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5

NET BOOK VALUE

At 31 March 2025

5

At 31 March 2024

5

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

152,435

149,300

Other debtors

130,000

-

282,435

149,300

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed to group undertakings

25,135

4,000

Taxation and social security

36,067

28,185

Other creditors

1,506

905

62,708

33,090

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Other creditors

-

81,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

G Greaves

Balance outstanding at start of year

-

Amounts advanced

20,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

20,000

-

Mrs L Gibbons

Balance outstanding at start of year

-

Amounts advanced

20,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

20,000

-

T J Fairley

Balance outstanding at start of year

-

Amounts advanced

70,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

70,000

-

K Barnes

Balance outstanding at start of year

-

Amounts advanced

20,000

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

20,000

-

10.	RELATED PARTY DISCLOSURES

Nordan PDS Manufacturing Limited (company number 13922379) has provided a guarantee to Littleborough Investment Partnership Limited (company number 11794396) for the year ended 31 March 2025.

Nordan PDS Manufacturing Limited guarantee all outstanding liabilities to which the subsidiary company is subject at 31 March 2025 until they are satisfied in full. The guarantee is enforceable against Nordan PDS Manufacturing Limited by any person to whom Littleborough Investment Partnership Limited is liable in respect of those liabilities.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Nordan Gruppen AS.