The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Residential Partners Limited is a private company limited by shares that is domiciled and incorporated in England and Wales. The registered office is 4th Floor, 192-198 Vauxhall Bridge Road, London, SW1V 1DX.

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

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 £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

The directors continually monitor the position of the company and consider the impact of external economic factors. Due to the nature of the company’s activity, being the provision of truepayroll management services, the directors consider that the company is not significantly impacted by any external factors and has adequate resources to continue in operational existence for the foreseeable future and meet its liabilities as they fall due. Thus the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

Revenue comprises the invoiced value of fees and disbursements paid on the clients' behalf charged to clients for the services provided in the normal course of business, excluding VAT. Revenue is recognised by reference to the date the service is provided.

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The average monthly number of persons (including directors) employed by the company during the year was:

There was a fixed and floating charge effective 29 October 2021 held over all assets held by Residential Partners Limited in favour of National Westminster Bank Plc relating to the loan advanced to the company's ultimate parent undertaking which amounted to £nil at the balance sheet date (2024: £355k). The charge was satisfied and released on 13 November 2024.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The company has taken advantage of the exemption available in accordance with FRS 102 section 33 'Related Party Disclosures' not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the company which is party to the transactions.

Subsequent to the year end, on 7 July 2025 PHM Property Services UK Limited acquired 100% of the issued share capital of Meadowbridge 42 Limited, the company's previous ultimate parent company.

At the year end, the immediate controlling party was D&G Block Management Limited, a company registered in England and Wales.

The ultimate parent company was Meadowbridge 42 Limited, a company registered in England and Wales, whose registered office is 192-198 Vauxhall Bridge Road, London, SW1V 1DX.

There was no ultimate controlling party of Meadowbridge 42 Limited.

Subsequent to the year end, on 7 July 2025, PHM Group Topco Oy became the ultimate parent company.

The ultimate controlling party is now Norvestor VIII SCA SICAV-RAIF.