Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30false2022-05-01No description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 9577247 2022-05-01 2023-04-30 9577247 2021-05-01 2022-04-30 9577247 2023-04-30 9577247 2022-04-30 9577247 c:Director1 2022-05-01 2023-04-30 9577247 c:Director2 2022-05-01 2023-04-30 9577247 c:RegisteredOffice 2022-05-01 2023-04-30 9577247 d:FreeholdInvestmentProperty 2022-05-01 2023-04-30 9577247 d:FreeholdInvestmentProperty 2023-04-30 9577247 d:FreeholdInvestmentProperty 2022-04-30 9577247 d:CurrentFinancialInstruments 2023-04-30 9577247 d:CurrentFinancialInstruments 2022-04-30 9577247 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 9577247 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 9577247 d:ShareCapital 2023-04-30 9577247 d:ShareCapital 2022-04-30 9577247 d:RetainedEarningsAccumulatedLosses 2023-04-30 9577247 d:RetainedEarningsAccumulatedLosses 2022-04-30 9577247 c:FRS102 2022-05-01 2023-04-30 9577247 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 9577247 c:FullAccounts 2022-05-01 2023-04-30 9577247 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure
Company registration number: 9577247







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2023


PATEL TAYLOR INVESTMENTS LIMITED






































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PATEL TAYLOR INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
P H Patel 
A R Taylor 




Registered number
9577247



Registered office
48 Rawstorne Street

London

EC1V 7ND




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


PATEL TAYLOR INVESTMENTS LIMITED
REGISTERED NUMBER:9577247



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 4 
5,310,946
5,255,822

  
5,310,946
5,255,822

Current assets
  

Debtors: amounts falling due within one year
 5 
25,000
2,451

Cash at bank and in hand
  
5,440
11,708

  
30,440
14,159

Creditors: amounts falling due within one year
 6 
(2,771,976)
(2,750,292)

Net current liabilities
  
 
 
(2,741,536)
 
 
(2,736,133)

Total assets less current liabilities
  
2,569,410
2,519,689

  

Net assets
  
2,569,410
2,519,689


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
2,567,410
2,517,689

  
2,569,410
2,519,689

Page 1

 


PATEL TAYLOR INVESTMENTS LIMITED
REGISTERED NUMBER:9577247


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



A R Taylor
Director

Date: 6 November 2023

The notes on pages 3 to 4 form part of these financial statements.
Page 2

 


PATEL TAYLOR INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Patel Taylor Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 9577247. The registered office and principal place of business is 48 Rawstorne Street, London, EC1V 7ND.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rents receivable and is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Investment property

Investment property is carried at fair value determined annually by directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 -2).

Page 3

 


PATEL TAYLOR INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2022
5,255,822


Additions at cost
55,124



At 30 April 2023
5,310,946

The directors deemed the value of the property as at 30 April 2023 to be equal to that of its cost.









5.


Debtors

2023
2022
£
£


Trade debtors
25,000
1,500

Other debtors
-
951

25,000
2,451



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
4,037
-

Other creditors
2,764,939
2,747,292

Accruals and deferred income
3,000
3,000

2,771,976
2,750,292


Page 4