0 false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 106,162 162,517 105,162 163,517 163,517 106,162 100 100 100 xbrli:pure xbrli:shares iso4217:GBP 13047277 2022-12-01 2023-11-30 13047277 2023-11-30 13047277 2022-11-30 13047277 2022-11-30 13047277 bus:Director1 2022-12-01 2023-11-30 13047277 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 13047277 core:WithinOneYear 2023-11-30 13047277 core:WithinOneYear 2022-11-30 13047277 core:ShareCapital 2023-11-30 13047277 core:ShareCapital 2022-11-30 13047277 core:RetainedEarningsAccumulatedLosses 2023-11-30 13047277 core:RetainedEarningsAccumulatedLosses 2022-11-30 13047277 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 13047277 core:Non-currentFinancialInstruments 2023-11-30 13047277 core:Non-currentFinancialInstruments 2022-11-30 13047277 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 13047277 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-30 13047277 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-30 13047277 bus:SmallEntities 2022-12-01 2023-11-30 13047277 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13047277 bus:FullAccounts 2022-12-01 2023-11-30 13047277 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13047277 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13047277 core:KeyManagementPersonnel 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 13047277
Paty Holdings Limited
Filleted Unaudited Financial Statements
30 November 2023
Paty Holdings Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
163,517
106,162
Investments
5
100
100
----------
----------
163,617
106,262
Current assets
Debtors
6
153,291
82,836
Cash at bank and in hand
536
99,392
----------
----------
153,827
182,228
Creditors: amounts falling due within one year
7
( 200,036)
( 222,100)
----------
----------
Net current liabilities
( 46,209)
( 39,872)
----------
----------
Total assets less current liabilities
117,408
66,390
----------
---------
Net assets
117,408
66,390
----------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
117,308
66,290
----------
---------
Shareholders funds
117,408
66,390
----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Paty Holdings Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
Mr M Broner
Director
Company registration number: 13047277
Paty Holdings Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Woodstock Avenue, London, NW11 9RG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Other than those stated below, there were no material judgements, estimates and assumptions that affected the amounts reported in the year.
Revenue recognition
The turnover of the company is represented by rents and charges receivable in respect of its investment properties.
Tangible assets
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost. Subsequent to initial recognition - i. Investment properties are held at fair value. Any gains or losses arising from changes in the fair value are recognised in the profit and loss account in the period that they arise; and ii. No depreciation is provided in respect of investment properties applying the fair value model.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
4. Tangible assets
Freehold property
£
Cost
At 1 December 2022
106,162
Additions
162,517
Disposals
( 105,162)
----------
At 30 November 2023
163,517
----------
Carrying amount
At 30 November 2023
163,517
----------
At 30 November 2022
106,162
----------
5. Investments
Shares in group undertakings
£
Cost
At 1 December 2022 and 30 November 2023
100
----
Impairment
At 1 December 2022 and 30 November 2023
----
Carrying amount
At 30 November 2023
100
----
At 30 November 2022
100
----
6. Debtors
2023
2022
£
£
Trade debtors
2,337
713
Amounts owed by group undertakings
150,854
82,023
Other debtors
100
100
----------
---------
153,291
82,836
----------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
200,036
222,100
----------
----------
8. Related party transactions
Other creditors includes £198,836 (2022: £222,100) due to the director. The loan is interest free and repayable on demand.