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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
Page
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Patgib Investments Limited Company Information for the year ended 31 October 2023
Director
Ms P Gibbard
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
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Patgib Investments Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,419,383 
2,419,383 
Current assets
Debtors
582,254 
573,151 
Cash at bank and in hand
206,217 
234,285 
788,471 
807,436 
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)
Capital and reserves
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
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Patgib Investments Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Land & buildings
At cost
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 November 2022
2,419,383 
At 31 October 2023
2,419,383 
Depreciation
At 31 October 2023
- 
Net book value
At 31 October 2023
2,419,383 
At 31 October 2022
2,419,383 
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Patgib Investments Limited Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
(4,072)
8,014 
Other debtors
204 
204 
(3,868)
8,218 
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 
231,750 
242,069 
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).
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