First Homes Partnership (North West) LLP

REGISTERED NUMBER: OC341094 (England and Wales)

Report of the Members and

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Page

General Information

1

Report of the Members

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DESIGNATED MEMBERS:

J Renwick

Mrs G Renwick

REGISTERED OFFICE:

Unit 4 Discovery Works

Trafford Park

Trafford Park Road

Manchester

M17 1AN

REGISTERED NUMBER:

OC341094 (England and Wales)

ACCOUNTANTS:

Woodhouse Chartered Accountants

25 Netherwood Road

Manchester

M22 4BW

The members present their report with the financial statements of the LLP for the year ended 31 March 2026.

PRINCIPAL ACTIVITY

The principal activity of the LLP in the year under review was that of property development and rental.

DESIGNATED MEMBERS

The designated members during the year under review were:

J Renwick

Mrs G Renwick

RESULTS FOR THE YEAR AND ALLOCATION TO MEMBERS

The loss for the year before members' remuneration and profit shares was £63,259 (2025 - £18,152 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:

Mrs G Renwick - Designated member

24 April 2026

TURNOVER

390,075

-

Cost of sales

446,606

-

GROSS LOSS

(56,531

)

-

Administrative expenses

(7,739

)

8,432

(48,792

)

(8,432

)

Other operating income

8,098

26,537

OPERATING (LOSS)/PROFIT

(40,694

)

18,105

Interest receivable and similar income

35

47

(40,659

)

18,152

Interest payable and similar expenses

22,600

-

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR BEFORE MEMBERS'
REMUNERATION AND PROFIT
SHARES AVAILABLE FOR
DISCRETIONARY DIVISION AMONG
MEMBERS

(63,259

)

18,152

FIXED ASSETS

Tangible assets

4

108,537

330,663

CURRENT ASSETS

Stocks

-

381,673

Cash at bank

2,486

2,526

2,486

384,199

CREDITORS

Amounts falling due within one year

5

10,447

451

NET CURRENT (LIABILITIES)/ASSETS

(7,961

)

383,748

TOTAL ASSETS LESS CURRENT
LIABILITIES

100,576

714,411

CREDITORS

Amounts falling due after more than one
year

6

20,357

237,668

NET ASSETS ATTRIBUTABLE TO
MEMBERS

80,219

476,743

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

80,219

476,743

TOTAL MEMBERS' INTERESTS

Loans and other debts due to members

7

80,219

476,743

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2026.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 24 April 2026 and were signed by:

Mrs G Renwick - Designated member

1.	STATUTORY INFORMATION

First Homes Partnership (North West) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

Tangible fixed assets

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.	EMPLOYEE INFORMATION

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2025

295,228

35,435

330,663

Disposals

(222,126

)

-

(222,126

)

At 31 March 2026

73,102

35,435

108,537

NET BOOK VALUE

At 31 March 2026

73,102

35,435

108,537

At 31 March 2025

295,228

35,435

330,663

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Bank loans and overdrafts

8,134

-

Trade creditors

1,863

1

Other creditors

450

10,447

451

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.26

31.3.25

£

Bank loans

-

213,750

Hire purchase contracts

20,357

23,918

20,357

237,668

7.

LOANS AND OTHER DEBTS DUE TO MEMBERS

The loans from the members rank below the loan from together finance which has a charge on the property 67 Canterbury Road