Company Registration No. 10520265 (England and Wales)
Patrya Limited
Unaudited accounts
for the year ended 31 December 2023
Patrya Limited
Unaudited accounts
Contents
Patrya Limited
Company Information
for the year ended 31 December 2023
Company Number
10520265 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Patrya Limited
Statement of financial position
as at 31 December 2023
Tangible assets
5,112
6,390
Investment property
159,342
159,342
Cash at bank and in hand
16,313
57,272
Creditors: amounts falling due within one year
(10,840)
(11,700)
Net current assets
28,869
45,572
Total assets less current liabilities
193,338
211,319
Creditors: amounts falling due after more than one year
(23,333)
(33,333)
Net assets
170,005
177,986
Called up share capital
16
16
Profit and loss account
169,989
177,970
Shareholders' funds
170,005
177,986
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 September 2024 and were signed on its behalf by
D G Banut
Director
Company Registration No. 10520265
Patrya Limited
Notes to the Accounts
for the year ended 31 December 2023
Patrya Limited is a private company, limited by shares, registered in England and Wales, registration number 10520265. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents rent receivable. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Patrya Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings
At 31 December 2023
20,176
At 31 December 2023
15,064
Fair value at 1 January 2023
159,342
At 31 December 2023
159,342
Investment properties have been valued by the director, on an open-market for existing use basis.
6
Investments
Subsidiary undertakings
Valuation at 1 January 2023
15
Valuation at 31 December 2023
15
Amounts falling due within one year
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Patrya Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Included within other debtors is a balance of £23,396 due from a director of the company. This loan was repaid to the company in April 2024. Interest has been charged on the loan amount at a rate of 2.25% per annum.
11
Average number of employees
During the year the average number of employees was 1 (2022: 1).