REGISTERED NUMBER: 10653211 (England and Wales)

GRAPHITE PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mr S J Brown

Mr B Hyden

REGISTERED OFFICE:

Endeavour House 7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

10653211 (England and Wales)

ACCOUNTANTS:

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Intangible assets

4

20,000

25,000

Tangible assets

5

10,118

11,543

30,118

36,543

CURRENT ASSETS

Debtors

6

473,944

509,265

Cash at bank and in hand

89,357

151,586

563,301

660,851

CREDITORS

Amounts falling due within one year

7

186,086

196,095

NET CURRENT ASSETS

377,215

464,756

TOTAL ASSETS LESS CURRENT LIABILITIES

407,333

501,299

CREDITORS

Amounts falling due after more than one year

8

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES

(1,137

)

(2,886

)

NET ASSETS

393,696

475,913

CAPITAL AND RESERVES

Called up share capital

9

101

101

Retained earnings

393,595

475,812

SHAREHOLDERS' FUNDS

393,696

475,913

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 12 August 2025 and were signed on its behalf by:

Mr S J Brown - Director

1.	STATUTORY INFORMATION

Graphite Partners 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.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

25,000

Amortisation for year

5,000

At 31 March 2025

30,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

25,000

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

5,347

23,855

29,202

Additions

3,070

5,568

8,638

At 31 March 2025

8,417

29,423

37,840

DEPRECIATION

At 1 April 2024

2,723

14,936

17,659

Charge for year

1,423

8,640

10,063

At 31 March 2025

4,146

23,576

27,722

NET BOOK VALUE

At 31 March 2025

4,271

5,847

10,118

At 31 March 2024

2,624

8,919

11,543

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

219,510

272,473

Amounts owed by group undertakings

156,677

25,850

Other debtors

19,366

9,518

Directors' current accounts

77,232

100,269

Prepayments

1,159

1,155

473,944

409,265

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

100,000

Aggregate amounts

473,944

509,265

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

134,071

83,050

Tax

10,543

58,737

Social security and other taxes

(443

)

-

VAT

33,097

45,543

Other creditors

4,818

3,593

Pension liability

-

1,947

Accrued expenses

4,000

3,225

186,086

196,095

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

12,500

22,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

101

Ordinary

£1.00

100

100

1

Ordinary B

1.00

1

1

101

101

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr S J Brown

Balance outstanding at start of year

45,828

(8,272

)

Amounts advanced

18,545

142,029

Amounts repaid

(47,404

)

(87,929

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,969

45,828

Mr B Hyden

Balance outstanding at start of year

54,443

57,083

Amounts advanced

18,828

69,005

Amounts repaid

(13,007

)

(71,645

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

60,264

54,443

No interest has been charged on any loans to directors.

11.	RELATED PARTY DISCLOSURES

Graphite Estates Limited is a company in the same group as Graphite Partners Limited. At the financial year end the company was owed £144,223 (2024 £12,512) from Graphite Estates Limited.

HB (1) Holdings Limited is the parent company of Graphite Partners Limited. At the financial year end the company owed £Nil (2023 £NIL) to HB (1) Holdings Limited.

12.	ULTIMATE CONTROLLING PARTY

HB (No 1) Holdings Limited is deemed by the directors to be both the ultimate parent company and the ultimate controlling party. The registered office address for HB (No 1) Holdings Limited is: Endeavour House, 7 Enterprise Way, Pinchbeck, Spalding, Lincolnshire, PE11 3YR.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Graphite Partners Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Graphite Partners Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Graphite Partners Limited and state those matters that we have agreed to state to the Board of Directors of Graphite Partners Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Graphite Partners Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Graphite Partners Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Graphite Partners Limited. You consider that Graphite Partners Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Graphite Partners Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Candour Accounts Limited

Endeavour House

7 Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

12 August 2025