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COMPANY REGISTRATION NUMBER: 11449337
PATRICK CONSTRUCTION (HOLDINGS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
PATRICK CONSTRUCTION (HOLDINGS) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
PATRICK CONSTRUCTION (HOLDINGS) LIMITED
BALANCE SHEET
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
10,501,361
10,501,361
Current assets
Debtors
5
1
1
Creditors: amounts falling due within one year
6
( 7,468,716)
( 8,107,283)
------------
------------
Net current liabilities
( 7,468,715)
( 8,107,282)
-------------
-------------
Total assets less current liabilities
3,032,646
2,394,079
Creditors: amounts falling due after more than one year
7
( 3,011,000)
( 2,375,000)
------------
------------
Net assets
21,646
19,079
------------
------------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
21,645
19,078
------------
------------
Shareholders funds
21,646
19,079
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 May 2024 , and are signed on behalf of the board by:
J M McGarvey
S Bateman
Director
Director
Company registration number: 11449337
PATRICK CONSTRUCTION (HOLDINGS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 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 1 Pellon Place, Dyson Wood Way, Bradley Business Park, Huddersfield, HD2 1GT.
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. The financial statements are prepared in sterling, which is the functional currency of the entity and are rounded to the nearest £.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
10,501,361
-------------
Impairment
At 1 January 2023 and 31 December 2023
-------------
Carrying amount
At 31 December 2023
10,501,361
-------------
At 31 December 2022
10,501,361
-------------
The company owns the whole of the issued share capital of Patrick Construction Group Limited.
5. Debtors
2023
2022
£
£
Called up share capital not paid
1
1
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Debenture loans
1,212,000
1,848,000
Amounts owed to group undertakings
6,256,716
6,238,808
Accruals and deferred income
20,475
------------
------------
7,468,716
8,107,283
------------
------------
The debenture loans are secured by way of a fixed and floating charge over the company's assets .
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Debenture loans
3,011,000
2,375,000
------------
------------
The debenture loans are secured by way of a fixed and floating charge over the company's assets .
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary A shares of £ 0.01 each
60
1
60
1
Ordinary B shares of £ 0.01 each
27
27
------------
------------
------------
------------
87
1
87
1
------------
------------
------------
------------
9. Controlling party
The company is controlled by J M McGarvey .