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# LIFETIME HOMES (WARRINGTON) LIMITED

## Company Registration Number:
08931530 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# LIFETIME HOMES (WARRINGTON) LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# LIFETIME HOMES (WARRINGTON) LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Lifetime Homes (Warrington) Limited (LTH) is a wholly owned subsidiary of Warrington Housing Association Limited (WHA). It is a general commercial company, limited by shares under the Companies Act 2006. LTH's vision reflects that of the parent company 'Our vision is to work with and for our customers to help make Warrington a great place to live, in which the potential of individuals and communities can be realised.' The purpose of LTH is to further the aims and objectives of WHA by providing a commercial return on activities, that can be reinvested in WHA's social purpose. LTH owns a small portfolio of properties for market rent and manages market and sub-market rent properties on behalf of third parties.

Political and charitable donations

£133k Gift Aid was due to Warrington Housing Association Limited, the parent company (2024: £58k), of which £133k was distributed (2024: £49k).

Additional information

Insurance policies are in place that indemnify board members and directors against liability when acting for LTH. Statement of Directors' responsibilities The Directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable laws 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 and 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 those 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; 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 it 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. So far as each of the directors at the time the report is approved are aware: There is no relevant audit information of which the company's auditor is unaware; and The Directors have taken all the steps that they ought to have taken as Directors in order to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. Going Concern LTH has net current liabilities of £79k (2024: net current liabilities £59k). Based on contracts in place, the Directors have a reasonable expectation that LTH has adequate resources to continue in existence in the foreseeable future, being a period of not less than twelve months after the date after which this report and financial statements are signed. No support from the parent company, WHA, is required in the financial forecasts. Accordingly, the Board continue to adopt the going concern basis of preparation in these financial statements. Auditors A resolution to reappoint RSM UK Audit LLP will be proposed at the forthcoming annual general meeting. In preparing this report, the Directors have taken advantage of the small companies exemptions provided by part 15 of the Companies Act 2006.

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

David Cummins
Kirsty Capper
Eliot Ward

The director shown below has held office during the period of
1 April 2024 to 18 September 2024

Steven License

The director shown below has held office during the period of
18 September 2024 to 31 March 2025

Jimmy Overill

Secretary Kirsty Capper

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 September 2025

And signed on behalf of the board by:
Name: Jimmy Overill
Status: Director

# LIFETIME HOMES (WARRINGTON) LIMITED

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 224,000 | 206,000
Cost of sales: | ( 78,000 ) | ( 131,000 )
Gross profit(or loss): | 146,000 | 75,000
Distribution costs: | 0 | 0
Administrative expenses: | 0 | 0
Operating profit(or loss): | 146,000 | 75,000
Interest receivable and similar income: | 0 | 0
Interest payable and similar charges: | ( 13,000 ) | ( 14,000 )
Profit(or loss) before tax: | 133,000 | 61,000
Tax: | 0 | 0
Profit(or loss) for the financial year: | 133,000 | 61,000

# LIFETIME HOMES (WARRINGTON) LIMITED

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Called up share capital not paid: |  | 0 | 0
Fixed assets
Intangible assets: |  | 0 | 0
Tangible assets: |  | 0 | 0
Investments: | 3 | 750,000 | 750,000
Total fixed assets: |  | 750,000 | 750,000
Current assets
Stocks: |  | 0 | 0
Debtors: | 4 | 199,000 | 6,000
Cash at bank and in hand: |  | 0 | 0
Investments: |  | 0 | 0
Total current assets: |  | 199,000 | 6,000
Prepayments and accrued income: |  | 14,000 | 26,000
Creditors: amounts falling due within one year: | 5 | ( 271,999 ) | ( 90,999 )
Net current assets (liabilities): |  | (58,999) | (58,999)
Total assets less current liabilities: |  | 691,001 | 691,001
Creditors: amounts falling due after more than one year: | 6 | ( 633,000 ) | ( 653,000 )
Provision for liabilities: |  | ( 8,000 ) | ( 8,000 )
Accruals and deferred income: |  | ( 20,000 ) | 0
Total net assets (liabilities): |  | 30,001 | 30,001
Capital and reserves
Called up share capital: |  | 1 | 1
Share premium account: |  | 0 | 0
Other reserves: |  | 30,000 | 30,000
Profit and loss account: |  | 0 | 0
Total Shareholders' funds: |  | 30,001 | 30,001

The notes form part of these financial statements

# LIFETIME HOMES (WARRINGTON) LIMITED

## Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 17 September 2025
and signed on behalf of the board by:

Name: Jimmy Overill
Status: Director

The notes form part of these financial statements

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover represents rent and service charges receivable for market rent properties owned by LTH plus management fees received for properties managed on behalf of third parties. Service charge income is recognised when expenditure is incurred as this is the point at which the service has been performed and the revenue recognition criteria met.

  Valuation information and policy

  Investment properties consist of those held to earn rentals or for capital appreciation or both. Investment properties are measured at cost on initial recognition and subsequently at fair value as at the year end, with changes in fair value recognised in income and expenditure. No depreciation is charged on investment properties.

  Other accounting policies

  Interest payable and receivable Interest payable is charged, interest receivable is credited to the statement of comprehensive income in the year. Taxation Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only 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. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed. Deferred tax is calculated 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. The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income). Deferred tax liabilities are presented within provision for liabilities and deferred tax assets within debtors. Value added tax LTH charges value added tax (VAT) on its income and is able to recover part of the VAT it incurs on expenditure. The financial statements include VAT to the extent that it is suffered by LTH and not recoverable by HM Revenue & Customs. The balance of VAT payable or recoverable at the year end it included as a current liability or asset. Gift Aid There is a Deed of Covenant in place and LTH covenants to make a qualifying charitable donation (as defined in Section 191 of Part 6 of the Corporation Tax Act 2010) to WHA within 9 months from the end of the financial year. Debtors Short-term debtors are measured at transaction price, less any impairment. Creditors Short-term creditors are measured at transaction price. Non-current debt instruments which meet the necessary conditions in FRS102, are initially recognised at transaction value adjusted for any directly attributable transaction cost and subsequently measured at amortised cost using the effective interest method, with interest-related charges recognised as an expense in finance costs in the Statement of Income and Retained Earnings. Discounting is omitted where the effect of discounting is immaterial. A financial liability is derecognised only when the contractual obligation is extinguished, that is, when the obligation is discharged, cancelled or expires. Cash and cash equivalents Cash and cash equivalents comprise cash in hand and demand deposits.

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 3. Fixed assets investments note

At 1st April 2024 - 750 At 1st April 2025 - 750 At 31st March 2025 - 750 At 31st March 2025 - 750

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Debtors

| 2025 | 2024
--- | --- | ---
| £ | £
Trade debtors | 143,000 | 0
Prepayments and accrued income | 0 | 0
Other debtors | 56,000 | 6,000
Total | 199,000 | 6,000
Debtors due after more than one year: | 0 | 0

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Creditors: amounts falling due within one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 243,000 | 0
Taxation and social security | 0 | 0
Accruals and deferred income | 0 | 0
Other creditors | 28,999 | 90,999
Total | 271,999 | 90,999

# LIFETIME HOMES (WARRINGTON) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Creditors: amounts falling due after more than one year note

| 2025 | 2024
--- | --- | ---
| £ | £
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 633,000 | 653,000
Total | 633,000 | 653,000