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REGISTERED NUMBER: 07599044 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 31 December 2023

for

Patterrn Ltd

Patterrn Ltd (Registered number: 07599044)

Contents of the Financial Statements
for the Period 1 May 2023 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Patterrn Ltd

Company Information
for the Period 1 May 2023 to 31 December 2023







DIRECTORS: Mr M Cutler
Mr R B Fenwick





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 5 Riverlight Quay
Nine Elms Lane
LONDON
SW11 8DX





REGISTERED NUMBER: 07599044 (England and Wales)

Patterrn Ltd (Registered number: 07599044)

Balance Sheet
31 December 2023

2023 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,195 1,810

CURRENT ASSETS
Debtors 6 63,300 23,940
Cash at bank 23,945 32,061
87,245 56,001
CREDITORS
Amounts falling due within one year 7 87,983 53,520
NET CURRENT (LIABILITIES)/ASSETS (738 ) 2,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

457

4,291

PROVISIONS FOR LIABILITIES 289 378
NET ASSETS 168 3,913

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68 3,813
SHAREHOLDERS' FUNDS 168 3,913

Patterrn Ltd (Registered number: 07599044)

Balance Sheet - continued
31 December 2023


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

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

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





Mr M Cutler - Director


Patterrn Ltd (Registered number: 07599044)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 December 2023


1. STATUTORY INFORMATION

Patterrn Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Patterrn Ltd (Registered number: 07599044)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short accounting period
The financial statements have been prepared for the shorter period of 8 months, to align the accounting period with other group companies, and therefore the amounts presented in the financial statements (including the related notes) are not entirely comparable with the previous period of 12 months.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 6,927
Disposals (3,026 )
At 31 December 2023 3,901
DEPRECIATION
At 1 May 2023 5,117
Charge for period 239
Eliminated on disposal (2,650 )
At 31 December 2023 2,706
NET BOOK VALUE
At 31 December 2023 1,195
At 30 April 2023 1,810

Patterrn Ltd (Registered number: 07599044)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 December 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade debtors 57,104 23,573
Other debtors 6,196 367
63,300 23,940

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Trade creditors 3,004 849
Taxation and social security 62,183 20,429
Other creditors 22,796 32,242
87,983 53,520

Other creditors include accrued expenses of £1,029 (2023 - £1,029), deferred income of £NIL (2023 - £6,550), amounts owed to shareholders £21,500 (2023 - £NIL) and directors' loan accounts of £267 (2023 - £24,663).