REGISTERED NUMBER: 09902341 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

FRANK WHITTLE PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Robinson

C D Thompson

B Clayton

N Ainsworth

REGISTERED OFFICE:

6 & 7 Ribblesdale Place

Preston

Lancashire

PR1 3NA

REGISTERED NUMBER:

09902341 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Intangible assets

4

750,000

825,000

Tangible assets

5

51,467

81,845

801,467

906,845

CURRENT ASSETS

Debtors

6

-

30,185

Cash at bank and in hand

12,345

20,180

12,345

50,365

CREDITORS

Amounts falling due within one year

7

151,440

187,312

NET CURRENT LIABILITIES

(139,095

)

(136,947

)

TOTAL ASSETS LESS CURRENT LIABILITIES

662,372

769,898

PROVISIONS FOR LIABILITIES

9,958

14,037

NET ASSETS

652,414

755,861

CAPITAL AND RESERVES

Called up share capital

8

75,642

75,642

Capital redemption reserve

750,000

750,000

Retained earnings

(173,228

)

(69,781

)

SHAREHOLDERS' FUNDS

652,414

755,861

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2026 and were signed on its behalf by:

D Robinson - Director

C D Thompson - Director

B Clayton - Director

N Ainsworth - Director

1.	STATUTORY INFORMATION

Frank Whittle Partnership 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Goodwill

Goodwill 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

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Freehold property - not provided

Short Leasehold - 7.5% on reducing balance

Plant and machinery - 10% on reducing balance

Fixtures and fittings - 10% on reducing balance

Motor vehicles - 25% on reducing balance

Freehold property is maintained to ensure that its value does not diminish over time. The maintenance costs are charged to the profit and loss account as they are incurred. In the opinion of the directors, depreciation would be immaterial and, therefore, freehold property is not depreciated.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Fixed asset investment

Fixed asset investments are held at cost less provision for impairment.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2025

and 31 January 2026

1,500,000

AMORTISATION

At 1 February 2025

675,000

Amortisation for year

75,000

At 31 January 2026

750,000

NET BOOK VALUE

At 31 January 2026

750,000

At 31 January 2025

825,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 February 2025

6,104

146,192

21,826

174,122

Disposals

-

(65,516

)

(164

)

(65,680

)

At 31 January 2026

6,104

80,676

21,662

108,442

DEPRECIATION

At 1 February 2025

3,080

75,498

13,699

92,277

Charge for year

227

4,532

876

5,635

Eliminated on disposal

-

(40,137

)

(800

)

(40,937

)

At 31 January 2026

3,307

39,893

13,775

56,975

NET BOOK VALUE

At 31 January 2026

2,797

40,783

7,887

51,467

At 31 January 2025

3,024

70,694

8,127

81,845

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

-

17,648

Directors' current accounts

-

12,537

-

30,185

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Amounts owed to group undertakings

124,499

144,138

Tax

-

2,235

VAT

17,980

15,464

Other creditors

4,959

4,959

Accruals and deferred income

4,002

20,516

151,440

187,312

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/1/26

31/1/25

value:

£

£

75,642

Ordinary

£1

75,642

75,642

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Interest has been charged on amounts owed from the Director during the year at a rate of 3.75%

10.	RELATED PARTY DISCLOSURES

Included in creditors as at 31 January 2026 is an amount of £428 (2025 - £20,067) due to F.W.P Limited. The amount outstanding at the year end is deemed payable on demand and no interest has been charged.

Included in creditors as at 31 January 2026 is an amount of £124,071 (2025: £124,071) due to FWP Group Limited. The amount outstanding at the year end is deemed payable on demand and no interest has been charged.