Registered number
12579305
Pathtown Holdings Limited
Filleted Accounts
31 August 2023
Pathtown Holdings Limited
Registered number: 12579305
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 4,268,526 4,268,526
Current assets
Debtors 4 1 1
Net current assets 1 1
Net assets 4,268,527 4,268,527
Capital and reserves
Called up share capital 4,268,527 4,268,527
Shareholders' funds 4,268,527 4,268,527
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J D Stanley
Director
Approved by the board on 22 February 2024
Pathtown Holdings Limited
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 September 2022 4,268,526
At 31 August 2023 4,268,526
4 Debtors 2023 2022
£ £
Other debtors 1 1
5 Controlling party
In the opinion of the directors, the ultimate controlling party is D J Stanley.
6 Other information
Pathtown Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
26/28 Great Portland Street
London
W1W 8QT
Pathtown Holdings Limited 12579305 false 2022-09-01 2023-08-31 2023-08-31 VT Final Accounts October 2023 release 2 J D Stanley No description of principal activity 12579305 2021-09-01 2022-08-31 12579305 core:ShareCapital 2022-08-31 12579305 2022-09-01 2023-08-31 12579305 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12579305 bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12579305 bus:Director40 2022-09-01 2023-08-31 12579305 countries:England 2022-09-01 2023-08-31 12579305 bus:FRS102 2022-09-01 2023-08-31 12579305 bus:FullAccounts 2022-09-01 2023-08-31 12579305 2023-08-31 12579305 core:ShareCapital 2023-08-31 12579305 2022-08-31 iso4217:GBP xbrli:pure