REGISTERED NUMBER: 14825446 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

LP North Seventeen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mahyar Nickkho-Amiry

John Michael Gilbride

REGISTERED OFFICE:

249 North Lynnfield House

Church Street

Altrincham

WA14 4DZ

REGISTERED NUMBER:

14825446 (England and Wales)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

2,450,292

2,585,792

Tangible assets

5

141,803

190,502

2,592,095

2,776,294

CURRENT ASSETS

Stock

145,396

292,250

Debtors

6

871,477

1,491,270

Cash at bank and in hand

17,380

17,440

1,034,253

1,800,960

CREDITORS

Amounts falling due within one year

7

3,714,202

2,918,801

NET CURRENT LIABILITIES

(2,679,949

)

(1,117,841

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(87,854

)

1,658,453

PROVISIONS FOR LIABILITIES

8

(26,186

)

(45,500

)

ACCRUALS AND DEFERRED INCOME

(68,608

)

(1,425,000

)

NET (LIABILITIES)/ASSETS

(182,648

)

187,953

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

(182,649

)

187,952

SHAREHOLDERS' FUNDS

(182,648

)

187,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by:

John Michael Gilbride - Director

1.	STATUTORY INFORMATION

LP North Seventeen 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 the business on 1 September 2023, is being amortised evenly over its estimated useful life of twenty 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.

Fittings and equipment

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

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

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

2,710,000

AMORTISATION

At 1 August 2024

124,208

Amortisation for year

135,500

At 31 July 2025

259,708

NET BOOK VALUE

At 31 July 2025

2,450,292

At 31 July 2024

2,585,792

5.	TANGIBLE FIXED ASSETS

Fittings

and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 August 2024

and 31 July 2025

232,247

8,998

241,245

DEPRECIATION

At 1 August 2024

48,041

2,702

50,743

Charge for year

46,449

2,250

48,699

At 31 July 2025

94,490

4,952

99,442

NET BOOK VALUE

At 31 July 2025

137,757

4,046

141,803

At 31 July 2024

184,206

6,296

190,502

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

344,420

611,475

Amounts owed by group undertakings

1,416

714,083

Other debtors

525,641

165,712

871,477

1,491,270

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,242,038

824,412

Amounts owed to group undertakings

2,339,774

1,368,256

Taxation and social security

120,511

118,112

Other creditors

11,879

608,021

3,714,202

2,918,801

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

26,186

45,500

Deferred

tax

£

Balance at 1 August 2024

45,500

Provided during year

(19,314

)

Balance at 31 July 2025

26,186

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is AGPTC Healthcare Ltd which owns 100% of the company's issued share capital. AGPTC Healthcare Ltd, a company registered in Scotland, is controlled by the director, Mr Mahyar Nickkho-Amiry, Mr John Gilbride and their wives.