The Partnership Collection Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09397226 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

The Partnership Collection Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms V K L Richards

REGISTERED OFFICE:

c/o Locke Williams Associates LLP

Studio 2

50-54 St Pauls Square

Birmingham

B3 1QS

REGISTERED NUMBER:

09397226 (England and Wales)

ACCOUNTANTS:

Locke Williams Associates LLP

Chartered Accountants

Studio 2

50-54 St Pauls Square

Birmingham

West Midlands

B3 1QS

FIXED ASSETS

Tangible assets

4

1,745

5,106

CURRENT ASSETS

Stocks

10,616

14,500

Debtors

5

125,978

91,233

Cash at bank and in hand

9,317

300

145,911

106,033

CREDITORS

Amounts falling due within one year

6

241,224

168,898

NET CURRENT LIABILITIES

(95,313

)

(62,865

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,568

)

(57,759

)

CREDITORS

Amounts falling due after more than one
year

7

-

2,582

NET LIABILITIES

(93,568

)

(60,341

)

CAPITAL AND RESERVES

Called up share capital

8

150,100

Retained earnings

(243,668

)

(210,441

)

SHAREHOLDERS' FUNDS

(93,568

)

(60,341

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 14 October 2026 and were signed by:

Ms V K L Richards - Director

1.	STATUTORY INFORMATION

The Partnership Collection 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

There was a net deficiency of assets of £89,568 at the balance sheet date, however the director has provided assurances of continued support to the company, through the provision of their loan to the company. These loans will not be repaid to the director ahead of other third party liabilities, until such time as the company has surplus operating cash flow available to do so. On the reliance of this support, the financial statements have been prepared on a going concern basis.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 February 2025

12,535

2,000

14,535

Additions

197

-

197

At 31 January 2026

12,732

2,000

14,732

DEPRECIATION

At 1 February 2025

8,929

500

9,429

Charge for year

3,183

375

3,558

At 31 January 2026

12,112

875

12,987

NET BOOK VALUE

At 31 January 2026

620

1,125

1,745

At 31 January 2025

3,606

1,500

5,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

31,911

13,555

Tax

51,701

46,073

Prepayments and accrued income

42,366

31,605

125,978

91,233

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Bank loans and overdrafts

7,505

34,932

Trade creditors

11,339

6,217

Social security and other taxes

2,273

2,337

VAT

4,590

7,177

Other creditors

11,101

66,875

Directors' current accounts

34,632

22,509

Accruals and deferred income

169,784

28,851

241,224

168,898

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.26

31.1.25

£

Bank loans - 1-2 years

-

2,582

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

21,070

A Ordinary Shares

£1

21,070

9,030

B Ordinary Shares

£1

9,030

120,000

Preference Shares

£1

120,000

150,100