Registration number:
Patton Limited
for the Period from 1 November 2022 to 30 November 2023
Patton Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Patton Limited
Company Information
Directors |
Mr Murray Hamilton Mr Patrick O'Grady |
Registered office |
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Accountants |
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Patton Limited
(Registration number: 14454786)
Balance Sheet as at 30 November 2023
Note |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Cash at bank and in hand |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000 |
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Shareholders' funds |
1,000 |
For the financial period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Patton Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 November 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Patton Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 November 2023
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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Additions |
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At 30 November 2023 |
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Depreciation |
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Carrying amount |
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At 30 November 2023 |
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Included within the net book value of land and buildings above is £349,680 in respect of freehold land and buildings.
Debtors |
Current |
2023 |
- |
Patton Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 30 November 2023
Creditors |
Creditors: amounts falling due after more than one year
Note |
2023 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2023 |
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No. |
£ |
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1,000 |
Loans and borrowings |
Non-current loans and borrowings
2023 |
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Other borrowings |
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Other borrowings
Directors' loans is denominated in £ with a nominal interest rate of 0%. The carrying amount at period end is £399,040 ( - £Nil). The loans are unsecured and interest free and are only repayable with a minimum of 12 months notice. Such notice had not been given at the year end. |
Related party transactions |
Transactions with directors |
2023 |
At 1 November 2022 |
Advances from director |
Repayments by director |
At 30 November 2023 |
Directors loan |
- |
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( |
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