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 300,000 150,000 450,000 450,000 300,000 xbrli:pure xbrli:shares iso4217:GBP 13831042 2022-12-01 2023-11-30 13831042 2023-11-30 13831042 2022-11-30 13831042 2022-11-30 13831042 bus:Director1 2022-12-01 2023-11-30 13831042 core:LandBuildings core:LongLeaseholdAssets 2022-12-01 2023-11-30 13831042 core:WithinOneYear 2023-11-30 13831042 core:WithinOneYear 2022-11-30 13831042 core:AfterOneYear 2023-11-30 13831042 core:AfterOneYear 2022-11-30 13831042 core:ShareCapital 2023-11-30 13831042 core:ShareCapital 2022-11-30 13831042 core:RetainedEarningsAccumulatedLosses 2023-11-30 13831042 core:RetainedEarningsAccumulatedLosses 2022-11-30 13831042 core:LandBuildings core:LongLeaseholdAssets 2023-11-30 13831042 core:LandBuildings core:LongLeaseholdAssets 2022-11-30 13831042 core:LandBuildings core:LongLeaseholdAssets 2022-11-30 13831042 bus:SmallEntities 2022-12-01 2023-11-30 13831042 bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13831042 bus:FullAccounts 2022-12-01 2023-11-30 13831042 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 13831042 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 13831042
Paty 19 Limited
Filleted Unaudited Financial Statements
30 November 2023
Paty 19 Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
450,000
300,000
Current assets
Debtors
5
12,324
8,142
Cash at bank and in hand
1,815
2,603
---------
---------
14,139
10,745
Creditors: amounts falling due within one year
6
( 152,454)
( 82,023)
----------
---------
Net current liabilities
( 138,315)
( 71,278)
----------
----------
Total assets less current liabilities
311,685
228,722
Creditors: amounts falling due after more than one year
7
( 313,482)
( 228,375)
----------
----------
Net (liabilities)/assets
( 1,797)
347
----------
----------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 1,897)
247
-------
----
Shareholders (deficit)/funds
( 1,797)
347
-------
----
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 comprehensive income 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 19 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: 13831042
Paty 19 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.
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
Long leasehold property
£
Cost
At 1 December 2022
300,000
Additions
150,000
----------
At 30 November 2023
450,000
----------
Carrying amount
At 30 November 2023
450,000
----------
At 30 November 2022
300,000
----------
5. Debtors
2023
2022
£
£
Trade debtors
920
Other debtors
12,324
7,222
---------
-------
12,324
8,142
---------
-------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
300
Amounts owed to group undertakings
150,854
82,023
Other creditors
1,300
----------
---------
152,454
82,023
----------
---------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
313,482
228,375
----------
----------