IRIS Accounts Productionv24.1.0.57601017032director1.8.2231.7.2331.7.2300falsetruefalsefalsetruefalseFair value modelordinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010170322022-07-31010170322023-07-31010170322022-08-012023-07-31010170322021-07-31010170322021-08-012022-07-31010170322022-07-3101017032ns15:EnglandWales2022-08-012023-07-3101017032ns14:PoundSterling2022-08-012023-07-3101017032ns10:Director12022-08-012023-07-3101017032ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3101017032ns10:SmallEntities2022-08-012023-07-3101017032ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3101017032ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3101017032ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3101017032ns10:FullAccounts2022-08-012023-07-3101017032ns10:OrdinaryShareClass12022-08-012023-07-3101017032ns10:CompanySecretary12022-08-012023-07-3101017032ns10:RegisteredOffice2022-08-012023-07-3101017032ns5:CurrentFinancialInstruments2023-07-3101017032ns5:CurrentFinancialInstruments2022-07-3101017032ns5:Non-currentFinancialInstruments2023-07-3101017032ns5:Non-currentFinancialInstruments2022-07-3101017032ns5:FurtherSpecificReserve3ComponentTotalEquity2023-07-3101017032ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3101017032ns5:RetainedEarningsAccumulatedLosses2023-07-3101017032ns5:RetainedEarningsAccumulatedLosses2022-07-3101017032ns5:PlantMachinery2022-07-3101017032ns5:PlantMachinery2022-08-012023-07-3101017032ns5:PlantMachinery2023-07-3101017032ns5:PlantMachinery2022-07-3101017032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3101017032ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3101017032ns5:Non-currentFinancialInstruments2022-08-012023-07-3101017032ns10:OrdinaryShareClass12023-07-3101017032ns5:RetainedEarningsAccumulatedLosses2022-07-3101017032ns5:FurtherSpecificReserve3ComponentTotalEquity2022-07-3101017032ns5:RetainedEarningsAccumulatedLosses2022-08-012023-07-31

REGISTERED NUMBER: 01017032 (England and Wales)


















Patton Interests Limited

Unaudited Financial Statements

for the Year Ended

31 July 2023







Patton Interests Limited (Registered number: 01017032)








Contents of the Financial Statements

for the Year Ended 31 July 2023





Page




Company Information  

1




Balance Sheet  

2




Notes to the Financial Statements  

4





Patton Interests Limited



Company Information

for the Year Ended 31 July 2023









DIRECTOR:

Mrs P Wood







SECRETARY:

Mrs P Wood







REGISTERED OFFICE:

5 Clarendon Place


Leamington Spa


Warwickshire


CV32 5QL







REGISTERED NUMBER:

01017032 (England and Wales)







ACCOUNTANTS:

Moffat Gilbert


5 Clarendon Place


Leamington Spa


Warwickshire


CV32 5QL



Patton Interests Limited (Registered number: 01017032)



Balance Sheet

31 July 2023



31.7.23

31.7.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

99


199



Investment property

5

1,187,348


1,187,348



1,187,447


1,187,547




CURRENT ASSETS

Debtors

6

243


2,919



Cash at bank

189,188


134,860



189,431


137,779



CREDITORS

Amounts falling due within one year

7

13,591


7,650



NET CURRENT ASSETS

175,840


130,129



TOTAL ASSETS LESS CURRENT

LIABILITIES

1,363,287


1,317,676




CREDITORS

Amounts falling due after more than one

year

8

(140,231

)

(143,305

)



PROVISIONS FOR LIABILITIES

(30,460

)

(30,460

)


NET ASSETS

1,192,596


1,143,911




CAPITAL AND RESERVES

Called up share capital

9

100


100



Fair value reserve

10

394,320


394,320



Retained earnings

10

798,176


749,491



SHAREHOLDERS' FUNDS

1,192,596


1,143,911




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.  


The director acknowledges her 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.



Patton Interests Limited (Registered number: 01017032)



Balance Sheet - continued

31 July 2023



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 director and authorised for issue on 1 March 2024 and were signed by:






Mrs P Wood - Director




Patton Interests Limited (Registered number: 01017032)



Notes to the Financial Statements

for the Year Ended 31 July 2023


1.

STATUTORY INFORMATION



Patton Interests 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.


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 as modified by the revaluation of certain assets.    



Tangible fixed assets

Freehold land and buildings are held as investment properties and, as such, are included at open market value.
Depreciation is provided at the following annual rates in order to write off each of the other assets over their estimated useful life.
Computer equipment - 25% on cost


Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


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.


Fair value reserve


Fair value changes in investment properties are recorded in the fair value reserve which is a non-distributable profit reserve.


3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was NIL (2022 - NIL).



Patton Interests Limited (Registered number: 01017032)



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 August 2022


and 31 July 2023

399




DEPRECIATION


At 1 August 2022

200




Charge for year

100




At 31 July 2023

300




NET BOOK VALUE


At 31 July 2023

99




At 31 July 2022

199




5.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 August 2022


and 31 July 2023

1,187,348




NET BOOK VALUE


At 31 July 2023

1,187,348




At 31 July 2022

1,187,348





Fair value at 31 July 2023 is represented by:

£   



Valuation in 2003

349,389




Valuation in 2006

146,954




Valuation in 2006

(48,000

)



Valuation in 2007

(57,582

)



Valuation in 2012

9,853




Valuation in 2015

(110,985

)



Valuation in 2017

135,150




Cost

762,569



1,187,348





If investment properties had not been revalued they would have been included at the following historical cost:



31.7.23


31.7.22

£   

£   



Cost

762,569


762,569





Investment property was valued on an open market basis on 31 July 2017 by John Shepherd Chartered surveyors  .



Patton Interests Limited (Registered number: 01017032)



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


5.

INVESTMENT PROPERTY - continued



The director deems these values to represent the fair value of the properties as at 31st July 2022.


6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.7.23


31.7.22

£   

£   



Trade debtors

243


1,050




Other debtors

-


1,869



243


2,919




7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.7.23


31.7.22

£   

£   



Trade creditors

3


-




Tax

11,775


5,664




Accrued expenses

1,813


1,986



13,591


7,650




8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.7.23


31.7.22

£   

£   



Director's loan account

140,231


143,305




There are no agreed repayment terms for the director's loan account.

9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.7.23


31.7.22


value:

£   

£   



100

ordinary

1

100


100




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 August 2022

749,491


394,320


1,143,811




Profit for the year

48,685


48,685




At 31 July 2023

798,176


394,320


1,192,496