You First Partnership Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05115271

You First Partnership Limited

Filleted Financial Statements

31 March 2026

You First Partnership Limited

Financial Statements

Year ended 31 March 2026

Contents	Page

Statement of financial position	1

Notes to the financial statements	2

You First Partnership Limited

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Current assets

Debtors	6	–	15,396

Creditors: amounts falling due within one year	7	7,822	36,301
		-------	--------
Net current liabilities		7,822	20,905
		-------	--------
Total assets less current liabilities		( 7,822)	( 20,905)
		-------	--------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 7,824)	( 20,907)
	-------	--------
Shareholders deficit	( 7,822)	( 20,905)
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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 were approved by the board of directors and authorised for issue on 4 September 2026 , and are signed on behalf of the board by:

Mr D J Chappell	Mr D J O'Connor
Director	Director

Company registration number: 05115271

You First Partnership Limited

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 14 Bellingham Way, Aylesford, ME20 7HP, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The directors have resolved to wind up the company and cease trading. Accordingly, the financial statements have not been prepared on the going concern basis. The directors consider that this basis of preparation is appropriate as the company is expected to be dissolved following settlement of its remaining obligations.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured 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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2025	60,000
Additions	–
Disposals of previously acquired businesses	( 60,000)
	--------
At 31 March 2026	–
	--------
Amortisation
At 1 April 2025	60,000
Charge for the year	–
Disposals of previously acquired businesses	( 60,000)
	--------
At 31 March 2026	–
	--------
Carrying amount
At 31 March 2026	–
	--------
At 31 March 2025	–
	--------

6. Debtors

	2026	2025
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	15,396
	----	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	–	2,301
Amounts owed to group undertakings and undertakings in which the company has a participating interest	3,633	–
Corporation tax	4,189	18,056
Social security and other taxes	–	15,576
Other creditors	–	368
	-------	--------
	7,822	36,301
	-------	--------

8. Summary audit opinion

The auditor's report dated 4 September 2026

was unqualified, however, the auditor drew attention to the following by way of emphasis.

We draw attention to Note 3 to the financial statements, which explains that the directors have prepared the financial statements on a break-up basis of accounting as they intend to cease trading and realise the company's assets. Accordingly, the financial statements have not been prepared on the going concern basis of accounting. Our opinion is not modified in respect of this matter.

The senior statutory auditor was Stuart Harris ACA, for and on behalf of Burgess Hodgson Audit Limited .

9. Related party transactions

At year end, the company owed £3,633 (2025: the company was owed £15,396) to a group company.

10. Controlling party

The company's immediate parent company is Managed Technology Corporation Ltd, a company incorporated in England and Wales. Managed Technology Corporation Ltd's registered address is Unit 14 New Hythe Business Park, Bellingham Way, Maidstone, Kent, United Kingdom, ME20 7HP. The company's ultimate parent company is Managed Technology Corporation Topco Limited , a company incorporated in England and Wales. Managed Technology Corporation Topco Limited's registered address is Unit 14 New Hythe Business Park, Bellingham Way, Maidstone, Kent, United Kingdom, ME20 7HP .