REGISTERED NUMBER: 05355002 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Partnership Homes Development Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E S Dugdale

V L Struthers

REGISTERED OFFICE:

Suite 36

Hardman Business Centre

New Hall Hey

Rawtenstall

BB4 6HH

REGISTERED NUMBER:

05355002 (England and Wales)

ACCOUNTANTS:

Thompson Jones Business Solutions Limited

2 Heap Bridge

Bury

Lancashire

BL9 7HR

Fixed assets

Investment property

5

150,000

150,000

Current assets

Debtors

6

72,415

72,415

Cash at bank and in hand

15,548

15,675

87,963

88,090

Creditors

Amounts falling due within one year

7

(7,939

)

(7,944

)

Net current assets

80,024

80,146

Total assets less current liabilities

230,024

230,146

Creditors

Amounts falling due after more than one year

8

(32,854

)

(37,590

)

Provisions for liabilities

(6,000

)

(6,000

)

Net assets

191,170

186,556

Capital and reserves

Called up share capital

10

2

2

Revaluation reserve

11

25,722

25,722

Retained earnings

165,446

160,832

Shareholders' funds

191,170

186,556

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by:

V L Struthers - Director

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 (2024 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

150,000

NET BOOK VALUE

At 30 June 2025

150,000

At 30 June 2024

150,000

The Directors believe that the above value of the investment property is not materially different to the fair value of the investment property.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

72,415

72,415

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 9)

4,512

4,512

Taxation and social security

1,082

1,167

Other creditors

2,345

2,265

7,939

7,944

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 9)

32,854

37,590

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,770

17,506

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

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

12,770

17,506

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 £37,366 (2024 - £42,102).

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

2025

2024

value:

£

£

2

Ordinary share capital

£1

2

2

11.

RESERVES

Revaluation

reserve

£

At 1 July 2024

and 30 June 2025

25,722