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CH COPY
Company registration number: 00864408
PATRA SELECTIONS LIMITED
Unaudited filleted financial statements
31 March 2023
PATRA SELECTIONS LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
PATRA SELECTIONS LIMITED
Directors and other information
Directors Mrs U Patra
Miss R Patra
Mrs S De Lacey
Secretary Mrs U Patra
Company number 00864408
Registered office 1-5 Nant Road
London
NW2 2PS
Business address 1-5 Nant Road
London
NW2 2PS
Accountants Hansons
39a Joel Street
Northwood Hills
Middlesex
HA6 1NZ
PATRA SELECTIONS LIMITED
Statement of financial position
31 March 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 1,141,159 1,188,817
Investments 6 1 1
_________ _________
1,141,160 1,188,818
Current assets
Stocks 1,202,496 1,223,207
Debtors 7 71,489 66,817
Cash at bank and in hand 3,975,598 3,427,717
_________ _________
5,249,583 4,717,741
Creditors: amounts falling due
within one year 8 ( 406,860) ( 370,908)
_________ _________
Net current assets 4,842,723 4,346,833
_________ _________
Total assets less current liabilities 5,983,883 5,535,651
Provisions for liabilities ( 6,859) ( 6,803)
_________ _________
Net assets 5,977,024 5,528,848
_________ _________
Capital and reserves
Called up share capital 20,000 20,000
Profit and loss account 5,957,024 5,508,848
_________ _________
Shareholders funds 5,977,024 5,528,848
_________ _________
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 October 2023 , and are signed on behalf of the board by:
Miss R Patra
Director
Company registration number: 00864408
PATRA SELECTIONS LIMITED
Statement of changes in equity
Year ended 31 March 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2021 20,000 4,947,781 4,967,781
Profit for the year 561,067 561,067
_______ _________ _________
Total comprehensive income for the year - 561,067 561,067
_______ _________ _________
At 31 March 2022 and 1 April 2022 20,000 5,508,848 5,528,848
Profit for the year 448,176 448,176
_______ _________ _________
Total comprehensive income for the year - 448,176 448,176
_______ _________ _________
At 31 March 2023 20,000 5,957,024 5,977,024
_______ _________ _________
PATRA SELECTIONS LIMITED
Notes to the financial statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1-5 Nant Road, London, NW2 2PS.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
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:
Freehold property - 2 % straight line
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 20 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 26 (2022: 25 ).
5. Tangible assets
Freehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 1,694,917 250,760 15,643 1,961,320
Additions - 559 - 559
Disposals - ( 189,612) - ( 189,612)
_________ _______ _______ _________
At 31 March 2023 1,694,917 61,707 15,643 1,772,267
_________ _______ _______ _________
Depreciation
At 1 April 2022 543,610 214,048 14,845 772,503
Charge for the year 33,898 4,067 120 38,085
Disposals - ( 179,480) - ( 179,480)
_________ _______ _______ _________
At 31 March 2023 577,508 38,635 14,965 631,108
_________ _______ _______ _________
Carrying amount
At 31 March 2023 1,117,409 23,072 678 1,141,159
_________ _______ _______ _________
At 31 March 2022 1,151,307 36,712 798 1,188,817
_________ _______ _______ _________
6. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 April 2022 and 31 March 2023 1 1
_______ _______
Impairment
At 1 April 2022 and 31 March 2023 - -
_______ _______
Carrying amount
At 31 March 2023 1 1
_______ _______
At 31 March 2022 1 1
_______ _______
7. Debtors 2023 2022
£ £
Other debtors and prepayments 71,489 66,817
_______ _______
8. Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 227,365 198,876
Amounts owed to group undertakings 1 1
Corporation tax 116,202 140,621
Social security and other taxes 49,519 17,897
Other creditors and accruals 13,773 13,513
_______ _______
406,860 370,908
_______ _______
9. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances/ (credits) Balance o/standing
£ £ £
Mrs U Patra 2,445 2,352 4,797
Miss R Patra 1,213 ( 1,413) ( 200)
_______ _______ _______
3,658 939 4,597
_______ _______ _______
2022
Balance brought forward Advances/ (credits) Balance o/standing
£ £ £
Mrs U Patra - 2,445 2,445
Miss R Patra - 1,213 1,213
_______ _______ _______
- 3,658 3,658
_______ _______ _______
10. Controlling party
The directors are considered to be the controlling party .