Company registration number 06983089 (England and Wales)
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
122,019
20,918
Investment property
4
150,000
150,000
272,019
170,918
Current assets
Debtors
5
820,495
804,098
Cash at bank and in hand
3,767
8,795
824,262
812,893
Creditors: amounts falling due within one year
6
(968,257)
(966,103)
Net current liabilities
(143,995)
(153,210)
Total assets less current liabilities
128,024
17,708
Creditors: amounts falling due after more than one year
7
(85,662)
-
0
Provisions for liabilities
(25,715)
(39)
Net assets
16,647
17,669
Capital and reserves
Called up share capital
100
100
Revaluation reserve
11,840
11,840
Profit and loss reserves
4,707
5,729
Total equity
16,647
17,669
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
31 March 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 31 March 2026 and are signed on its behalf by:
A Inchbald
Director
Company registration number 06983089 (England and Wales)
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Northampton Regeneration Partnership Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Mercer & Hole LLP, The Pinnacle, 170 Midsummer Boulevard, Milton Keynes, MK9 1BP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In making this assessment, the directors have reviewed the trading and cash flow forecasts of the company and concluded that based on the forecast results the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Reporting period

The prior reporting period was extended to a thirteen month period to 31 March 2024, and thus, are not comparable to the current period for the year ended 31 March 2025.

1.4
Turnover

Turnover represents amounts receivable for services provided or work completed, net of VAT and trade discounts.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
Not depreciated
Computer equipment
33% straight line
Motor vehicles
25% straight line
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in the profit and loss account, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

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.

1.11
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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

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 they are insignificant to the financial statements, or 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.

NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
2
2
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
20,716
23,739
44,455
Additions
-
0
108,123
108,123
At 31 March 2025
20,716
131,862
152,578
Depreciation and impairment
At 1 April 2024
-
0
23,537
23,537
Depreciation charged in the year
-
0
7,022
7,022
At 31 March 2025
-
0
30,559
30,559
Carrying amount
At 31 March 2025
20,716
101,303
122,019
At 31 March 2024
20,716
202
20,918
NORTHAMPTON REGENERATION PARTNERSHIP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
4
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
150,000

The fair value of the investment properties held at year end is as above. Investment property was valued by the directors as at 31 March 2025.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
24,000
22,800
Other debtors
796,495
781,298
820,495
804,098
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
88
3,091
Corporation tax
40,617
109,801
Other taxation and social security
11,440
9,324
Other creditors
916,112
843,887
968,257
966,103
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
85,662
-
0
8
Directors' transactions

Loans have been granted by the company to its directors as follows:

Advances
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director's Loan
2.25
625,283
2,957
14,025
(11,734)
630,531
625,283
2,957
14,025
(11,734)
630,531
2025-03-31 2024-04-01 false false false 31 March 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity J Inchbald A Inchbald 06983089 2024-04-01 2025-03-31 06983089 2025-03-31 06983089 2024-03-31 06983089 core:LandBuildings 2025-03-31 06983089 core:OtherPropertyPlantEquipment 2025-03-31 06983089 core:LandBuildings 2024-03-31 06983089 core:OtherPropertyPlantEquipment 2024-03-31 06983089 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06983089 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06983089 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 06983089 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 06983089 core:CurrentFinancialInstruments 2025-03-31 06983089 core:CurrentFinancialInstruments 2024-03-31 06983089 core:ShareCapital 2025-03-31 06983089 core:ShareCapital 2024-03-31 06983089 core:RevaluationReserve 2025-03-31 06983089 core:RevaluationReserve 2024-03-31 06983089 core:RetainedEarningsAccumulatedLosses 2025-03-31 06983089 core:RetainedEarningsAccumulatedLosses 2024-03-31 06983089 bus:Director2 2024-04-01 2025-03-31 06983089 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 06983089 core:FurnitureFittings 2024-04-01 2025-03-31 06983089 core:MotorVehicles 2024-04-01 2025-03-31 06983089 2023-03-01 2024-03-31 06983089 core:LandBuildings 2024-03-31 06983089 core:OtherPropertyPlantEquipment 2024-03-31 06983089 2024-03-31 06983089 core:LandBuildings 2024-04-01 2025-03-31 06983089 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06983089 core:Non-currentFinancialInstruments 2025-03-31 06983089 core:Non-currentFinancialInstruments 2024-03-31 06983089 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06983089 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06983089 bus:FRS102 2024-04-01 2025-03-31 06983089 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06983089 bus:Director1 2024-04-01 2025-03-31 06983089 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP