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REGISTERED NUMBER: 09380568















Report of the Director and

Unaudited Financial Statements for the Period 1 February 2022 to 31 July 2023

for

Patara Ventures Ltd

Patara Ventures Ltd (Registered number: 09380568)






Contents of the Financial Statements
for the Period 1 February 2022 to 31 July 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Patara Ventures Ltd

Company Information
for the Period 1 February 2022 to 31 July 2023







DIRECTOR: D Bush





SECRETARY:





REGISTERED OFFICE: Unit C3
Knights Park Industrial Estate
Knight Road
Rochester
Kent
ME2 2LS





REGISTERED NUMBER: 09380568





ACCOUNTANTS: I.B.C.
Suite 1, Unit C3
Knights Park Industrial Estate
Knight Road
Rochester
Kent
ME2 2LS

Patara Ventures Ltd (Registered number: 09380568)

Report of the Director
for the Period 1 February 2022 to 31 July 2023

The director presents his report with the financial statements of the company for the period 1 February 2022 to 31 July 2023.

DIRECTOR
D Bush held office during the whole of the period from 1 February 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D Bush - Director


14 April 2024

Patara Ventures Ltd (Registered number: 09380568)

Income Statement
for the Period 1 February 2022 to 31 July 2023

Period
1.2.22
to Year Ended
31.7.23 31.1.22
£    £   

TURNOVER - -

Administrative expenses 39,510 36,161
(39,510 ) (36,161 )

Other operating income 2,885 29,238
OPERATING LOSS (36,625 ) (6,923 )

Interest receivable and similar income 16 19
LOSS BEFORE TAXATION (36,609 ) (6,904 )

Tax on loss - -
LOSS FOR THE FINANCIAL PERIOD (36,609 ) (6,904 )

Patara Ventures Ltd (Registered number: 09380568)

Balance Sheet
31 July 2023

31.7.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 64 64

CURRENT ASSETS
Cash at bank 36 43,323

CREDITORS
Amounts falling due within one year 5 (1,941 ) 2,736
NET CURRENT ASSETS 1,977 40,587
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,041

40,651

CREDITORS
Amounts falling due after more than one
year

6

45,039

47,040
NET LIABILITIES (42,998 ) (6,389 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (42,999 ) (6,390 )
SHAREHOLDERS' FUNDS (42,998 ) (6,389 )

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

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

The director acknowledges his 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 14 April 2024 and were signed by:





D Bush - Director


Patara Ventures Ltd (Registered number: 09380568)

Notes to the Financial Statements
for the Period 1 February 2022 to 31 July 2023

1. STATUTORY INFORMATION

Patara Ventures Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.7.23 31.1.22
£    £   
Formation Costs 64 64

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.1.22
£    £   
Sundry Loans (5,906 ) -
Trade creditors 1 1
Directors' loan accounts 2,194 1,865
Accruals and deferred income 1,770 870
(1,941 ) 2,736

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.1.22
£    £   
BBLS 45,039 47,040

Amounts falling due in more than five years:

Repayable by instalments
BBLS 45,039 47,040