Company Registration No. 09284651 (England and Wales)
Patgib Investments Limited
Unaudited accounts
for the year ended 31 October 2023
Patgib Investments Limited
Unaudited accounts
Contents
Patgib Investments Limited
Company Information
for the year ended 31 October 2023
Company Number
09284651 (England and Wales)
Registered Office
26 CHURCH STREET
FINEDON
WELLINGBOROUGH
NORTHAMPTONSHIRE
NN9 5NA
Accountants
Kate Brown
The Annexe, Rectory Farm
Cranford Road
Great Addington, Kettering
Northants
NN14 4BQ
Patgib Investments Limited
Statement of financial position
as at 31 October 2023
Tangible assets
2,419,383
2,419,383
Cash at bank and in hand
206,217
234,285
Creditors: amounts falling due within one year
(231,750)
(242,069)
Net current assets
556,721
565,367
Total assets less current liabilities
2,976,104
2,984,750
Creditors: amounts falling due after more than one year
(3,115,691)
(3,130,844)
Net liabilities
(139,587)
(146,094)
Called up share capital
1
1
Profit and loss account
(139,588)
(146,095)
Shareholders' funds
(139,587)
(146,094)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 February 2024 and were signed on its behalf by
Ms P Gibbard
Director
Company Registration No. 09284651
Patgib Investments Limited
Notes to the Accounts
for the year ended 31 October 2023
Patgib Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 09284651. The registered office is 26 CHURCH STREET, FINEDON, WELLINGBOROUGH, NORTHAMPTONSHIRE, NN9 5NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
4
Tangible fixed assets
Land & buildings
At 1 November 2022
2,419,383
At 31 October 2023
2,419,383
At 31 October 2023
2,419,383
At 31 October 2022
2,419,383
Patgib Investments Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
(4,072)
8,014
Amounts falling due after more than one year
Amounts due from group undertakings etc.
586,122
564,933
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
40,000
40,000
Trade creditors
16,780
32,969
Taxes and social security
1,082
1,818
Loans from directors
173,888
167,282
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
3,115,691
3,130,844
8
Average number of employees
During the year the average number of employees was 0 (2022: 3).