The Armstrong Partnership Limited 31/12/2024 iXBRL

Company registration number: 02616393

The Armstrong Partnership Limited

Trading as ArmstrongB2B

Filleted financial statements

31 December 2024

The Armstrong Partnership Limited

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Notes to the financial statements

The Armstrong Partnership Limited

Directors and other information


	Directors	Mr D A Owen
		Mr P J O'Brien
		Mr N Ash
		Mr M R J Casey


	Company number	02616393


	Registered office	2 St John Street
		Chester
		CH1 1DA


	Business address	2 St John Street
		Chester
		CH1 1DA


	Auditor	Downham Morris & Co
		45-49 Greek Street
		Stockport
		Cheshire
		SK3 8AX

The Armstrong Partnership Limited

Directors responsibilities statement

Year ended 31 December 2024

The directors are responsible for preparing the directors report 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). 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 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 judgments and accounting estimates that are reasonable and prudent; and

- 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.

The Armstrong Partnership Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	6	10,447		14,364
Tangible assets	7	173,911		416,655
		_______		_______
			184,358		431,019
Current assets
Debtors	8	1,573,845		2,126,765
Cash at bank and in hand		992,987		895,692
		_______		_______
		2,566,832		3,022,457
Creditors: amounts falling due
within one year	9	( 1,436,390)		( 1,935,873)
		_______		_______
Net current assets			1,130,442		1,086,584
			_______		_______
Total assets less current liabilities			1,314,800		1,517,603

Creditors: amounts falling due
after more than one year	10		-		( 149,467)

Provisions for liabilities			( 35,978)		( 82,967)

			_______		_______
Net assets			1,278,822		1,285,169
			_______		_______

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			1,277,822		1,284,169
			_______		_______
Shareholders funds			1,278,822		1,285,169
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.



These financial statements were approved by the board of directors and authorised for issue on 18 September 2025 , and are signed on behalf of the board by:



.........................
Mr N Ash


Director

Company registration number: 02616393

The Armstrong Partnership Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 St John Street, Chester, CH1 1DA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. These estimates and judgements are continually revierwed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, net of discounts and value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Managed service contract income is recognised on a time incurred basis.

Interest income is recognised as interest accrues using the effective interest method.Income from rental and service charges is recognised on an accruals basis in accordance with tenancy agreements.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Commercial lease	-	20 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	25% & 10% straight line
Motor vehicles	-	10 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Critical accounting policies

In the application of the company's accounting policies, which are described in note 3, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

The company's revenue recognition policies are central to how the company values the work carried out in each financial period. These policies require calculation of project completion, which require assessments on judgements to be made. At 31st December 2024, amounts recoverable in work in progress totalled £55,522 (2023: £72,307). Amounts of work in progress deferred at the year end date totalled £193,048 (2023: £23,679)..

Provision against impairmentloss on trade receivables and accrued income

The company exercises judgement in providing for impairment loss on trade receivables and accrued income and a review of these areas is carried out on a line-by-line basis at each financial period end. At year end, the company has a provision for impairment loss of £115,463 (2023: £-).

Other estimates and judgements

The company exercises significant judgement in estimating the useful life of its intangible and tangible asset base. At the year end, the company holds intangible fixed assets at a carrying value of £10,447 (2023: £14,364) and tangible fixed assets at a carrying value of £173,911 (2023: £416,655). An amortisation charge of £3,917 (2023: £2,285) and a depreciation charge of £96,295 (2023: £83,385) was recognised through the profit and loss account.

Should these estimates vary, the profit or loss and statement of financial position of subsequent years could be impacted.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 53 (2023: 52 ).

6. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	16,649	16,649
	_______	_______
Amortisation
At 1 January 2024	2,285	2,285
Charge for the year	3,917	3,917
	_______	_______
At 31 December 2024	6,202	6,202
	_______	_______
Carrying amount
At 31 December 2024	10,447	10,447
	_______	_______
At 31 December 2023	14,364	14,364
	_______	_______

In respect of intangible assets other than goodwill, the aggregate cost, amortisation and the comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:


			£
	At 31 December 2024
	Aggregate cost		16,649
	Aggregate amortisation		(6,202)
			_______
	Carrying amount		10,447
			_______

	At 31 December 2023
	Aggregate cost		16,649
	Aggregate amortisation		(2,285)
			_______
	Carrying amount		14,364
			_______

7. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	464,614	193,074	657,688
Additions	22,638	-	22,638
Disposals	( 83,340)	( 193,074)	( 276,414)
	_______	_______	_______
At 31 December 2024	403,912	-	403,912
	_______	_______	_______
Depreciation
At 1 January 2024	233,169	7,865	241,034
Charge for the year	80,172	16,123	96,295
Disposals	( 83,340)	( 23,988)	( 107,328)
	_______	_______	_______
At 31 December 2024	230,001	-	230,001
	_______	_______	_______
Carrying amount
At 31 December 2024	173,911	-	173,911
	_______	_______	_______
At 31 December 2023	231,445	185,209	416,654
	_______	_______	_______

8. Debtors

	2024	2023
	£	£
Trade debtors	1,424,062	1,043,818
Other debtors	149,783	1,082,947
	_______	_______
	1,573,845	2,126,765
	_______	_______

Provision for the impairment of trade debtors as at 31 December 2024 was £115,463 (2023: £-).

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	-	94,400
Trade creditors	64,654	94,508
Amounts owed to group undertakings	599,880	850,655
Corporation tax	194,106	494,987
Social security and other taxes	263,173	273,553
Other creditors	314,577	127,770
	_______	_______
	1,436,390	1,935,873
	_______	_______

Amounts owed to group undertakings have no set repayment terms and attract no interest.A National Westminster Bank Plc loan was repaid during the year and all charges related thereto were satisfied in full.Foresight Fund Managers Limited holds fixed and floating charges over the company's assets in the form of a Debenture Security on loans held in Berkeley Topco Limited, a parent undertaking. These charges contain a negative pledge.

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	-	149,467
	_______	_______

A National Westminster Bank Plc loan was repaid during the year and all charges related thereto were satisfied in full.

11. Events after the end of the reporting period

There have been no significant events affecting the company since the year end.

12. Summary audit opinion

The auditor's report dated 18 September 2025 was unqualified.

The senior statutory auditor was Ian Gwynfor Morris FCCA for and on behalf of Downham Morris & Co

13. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D A Owen	67,134	( 67,134)	-
	Mr P J O'Brien	3,986	( 3,986)	-
		_______	_______	_______
		71,120	( 71,120)	-
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr D A Owen	28,395	38,739	67,134
	Mr P J O'Brien	3,986	-	3,986
		_______	_______	_______
		32,381	38,739	71,120
		_______	_______	_______

The amount owed to the company by its directors at the year end was £- (2023: £71,120) and is included within other debtors. No interest is payable on loan amounts due to and from the directors and loans are repayable on demand.

14. Related party transactions

During the year, the company paid rent and service charges totalling £220,285 (2023: £199,032) on an arm's length basis to The Auld Postco Limited, a company under the control of the directors Mr D A Owen , Mr P O'Brien and Mr N Ash . A lease is held under formal contract terms for the use of freehold property.At the year end, an amount of £nil (2023: £835,186) was due from The Auld Postco Limited.At the year end, an amount of £nil (2023: £850,655) was due to Daoco Limited, a company under the control of Mr D A Owen . At the year end, an amount of £599,880 (2023: £-) was due to the company's ultimate group parent, Berkeley Topco Limited. During the year, the company paid consultancy fees on an arm's length basis totalling £39,698 (2023: £12,333) to Polar Restructuring Solutions Limited, a company registered in Ireland and under the control of Mr P O'Brien.

15. Controlling party

The company is under the control of and wholly owned by its immediate parent, The Armstrong Partnership (Holdings) Limited, a company registered in England and Wales.The company's ultimate parent undertaking is Berkeley Topco Limited, a company whose registered office and principal place of business is 2 St John Street, Chester, United Kingdom, CH1 1DA.