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REGISTERED NUMBER: 00749564 (England and Wales)












Pattishall Properties Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Pattishall Properties Limited (Registered number: 00749564)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pattishall Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs P L Govier
T Webster





REGISTERED OFFICE: Hill House
Pattishall
Towcester
Northamptonshire
NN12 8JU





REGISTERED NUMBER: 00749564 (England and Wales)





ACCOUNTANTS: Kilby Fox
Chartered Accountants
4 Pavilion Court
600 Pavilion Drive
Northampton Business Park
Northampton
Northamptonshire
NN4 7SL

Pattishall Properties Limited (Registered number: 00749564)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,550 8,605
Investments 5 50 50
Investment property 6 6,697,703 6,649,906
6,705,303 6,658,561

CURRENT ASSETS
Debtors 7 515,003 456,758
Cash at bank and in hand 160,548 631,547
675,551 1,088,305
CREDITORS
Amounts falling due within one year 8 138,613 164,918
NET CURRENT ASSETS 536,938 923,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,242,241

7,581,948

CREDITORS
Amounts falling due after more than one
year

9

(1,331,504

)

(1,385,266

)

PROVISIONS FOR LIABILITIES (769,229 ) (769,229 )
NET ASSETS 5,141,508 5,427,453

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 3,270,780 3,270,780
Retained earnings 1,869,728 2,155,673
SHAREHOLDERS' FUNDS 5,141,508 5,427,453

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

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

The directors acknowledge their 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.

Pattishall Properties Limited (Registered number: 00749564)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 19 February 2024 and were signed on its behalf by:




Mrs P L Govier - Director



T Webster - Director


Pattishall Properties Limited (Registered number: 00749564)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Pattishall Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Office equipment - 10% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Pattishall Properties Limited (Registered number: 00749564)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 9,620 11,435 3,741 24,796
Additions - - 125 125
At 31 October 2023 9,620 11,435 3,866 24,921
DEPRECIATION
At 1 November 2022 3,577 11,381 1,233 16,191
Charge for year 906 11 263 1,180
At 31 October 2023 4,483 11,392 1,496 17,371
NET BOOK VALUE
At 31 October 2023 5,137 43 2,370 7,550
At 31 October 2022 6,043 54 2,508 8,605

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 50
NET BOOK VALUE
At 31 October 2023 50
At 31 October 2022 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 6,649,906
Additions 47,797
At 31 October 2023 6,697,703
NET BOOK VALUE
At 31 October 2023 6,697,703
At 31 October 2022 6,649,906

Pattishall Properties Limited (Registered number: 00749564)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,667 66,020
Other debtors 200 200
Loan Bulkhead Properties Ltd 15,753 75,753
Loan Whitecliffs Ltd 422,968 307,890
VAT 30,368 -
Prepayments and accrued income 22,047 6,895
515,003 456,758

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 72,000 72,000
Trade creditors 6,837 21,589
Corporation tax 140 7,997
Social security and other taxes 4,698 -
VAT - 16,839
Other creditors 11,510 12,253
Directors' current accounts 4,069 1,877
Accruals and deferred income 39,359 32,363
138,613 164,918

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 72,000 72,000
Bank loans - 2-5 years 216,000 216,000
Bank loans more 5 yr by instal 1,043,504 1,097,266
1,331,504 1,385,266

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,043,504 1,097,266

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022
and 31 October 2023 3,270,780

11. ULTIMATE CONTROLLING PARTY

The controlling parties are the directors, Mrs P L Govier and Mr T Webster and trustee, Miss N Maher. These individuals are trustees of both the Colin Webster 2004 Settlement and the Colin Webster Accumulation and Maintenance Settlement Trust, which together hold the majority of the shares in the company.