Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31The principal activity of the company is the provision of family holidays and rented accommodation2023-04-01false66falsetruefalse 02768297 2023-04-01 2024-03-31 02768297 2022-04-01 2023-03-31 02768297 2024-03-31 02768297 2023-03-31 02768297 2022-04-01 02768297 c:Director1 2023-04-01 2024-03-31 02768297 d:Buildings d:LongLeaseholdAssets 2023-04-01 2024-03-31 02768297 d:Buildings d:LongLeaseholdAssets 2024-03-31 02768297 d:Buildings d:LongLeaseholdAssets 2023-03-31 02768297 d:PlantMachinery 2023-04-01 2024-03-31 02768297 d:PlantMachinery 2024-03-31 02768297 d:PlantMachinery 2023-03-31 02768297 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02768297 d:MotorVehicles 2023-04-01 2024-03-31 02768297 d:MotorVehicles 2024-03-31 02768297 d:MotorVehicles 2023-03-31 02768297 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02768297 d:FurnitureFittings 2023-04-01 2024-03-31 02768297 d:FurnitureFittings 2024-03-31 02768297 d:FurnitureFittings 2023-03-31 02768297 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02768297 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 02768297 d:OtherPropertyPlantEquipment 2024-03-31 02768297 d:OtherPropertyPlantEquipment 2023-03-31 02768297 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02768297 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02768297 d:CurrentFinancialInstruments 2024-03-31 02768297 d:CurrentFinancialInstruments 2023-03-31 02768297 d:Non-currentFinancialInstruments 2024-03-31 02768297 d:Non-currentFinancialInstruments 2023-03-31 02768297 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02768297 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02768297 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 02768297 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 02768297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 02768297 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 02768297 d:ShareCapital 2024-03-31 02768297 d:ShareCapital 2023-03-31 02768297 d:ShareCapital 2022-04-01 02768297 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02768297 d:RetainedEarningsAccumulatedLosses 2024-03-31 02768297 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02768297 d:RetainedEarningsAccumulatedLosses 2023-03-31 02768297 d:RetainedEarningsAccumulatedLosses 2022-04-01 02768297 c:FRS102 2023-04-01 2024-03-31 02768297 c:Audited 2023-04-01 2024-03-31 02768297 c:FullAccounts 2023-04-01 2024-03-31 02768297 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02768297 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02768297 2 2023-04-01 2024-03-31 02768297 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02768297










PATTERDALE HALL ESTATE LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
PATTERDALE HALL ESTATE LIMITED
REGISTERED NUMBER: 02768297

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
203,315
237,602

  
203,315
237,602

Current assets
  

Debtors: amounts falling due within one year
 5 
12,994
3,763

Cash at bank and in hand
 6 
137,146
49,155

  
150,140
52,918

Creditors: amounts falling due within one year
 7 
(198,381)
(187,011)

Net current liabilities
  
 
 
(48,241)
 
 
(134,093)

Total assets less current liabilities
  
155,074
103,509

Creditors: amounts falling due after more than one year
 8 
(11,667)
(21,667)

  

Net assets
  
143,407
81,842


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
143,307
81,742

  
143,407
81,842


The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 September 2024.


D Hodgson
Director

The notes on pages 4 to 9 form part of these financial statements.
Page 1

 
PATTERDALE HALL ESTATE LIMITED
REGISTERED NUMBER: 02768297
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024


Page 2

 
PATTERDALE HALL ESTATE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
100
175,306
175,406


Comprehensive income for the year

Loss for the year
-
(60,492)
(60,492)

Gift aid payment
-
(33,072)
(33,072)



At 1 April 2023
100
81,742
81,842


Comprehensive income for the year

Profit for the year
-
61,565
61,565


At 31 March 2024
100
143,307
143,407


The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is Church Way, North Shields, Tyne & Wear, NE29 0AB.
The financial statements are rounded to the nearest pound Sterling and presented in pounds Sterling because that is the currency of the primary economic environment in which the Company operates. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in pounds Sterling and rounded to the nearest pound.

The following principal accounting policies have been applied:

  
2.2

Name of parent of group

The financial statements are consolidated in the financial statements of YMCA North Tyneside.
The financial statements of YMCA North Tyneside may be obtained from Church Way, North Shields, Tyne & Wear, NE23 0AB.

 
2.3

Going concern

The financial statements have been prepared on a going concern basis.
The company meets its day to day working capital requirements through cash generated from operations.
The company's forecasts and projections for the next twelve months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance.
The company also has the ongoing support of its charitable parent entity.
Based on the factors set out above, the directors believe that it remains appropriate to prepare the financial statements on a going concern basis.

Page 4

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revenue

Turnover comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity; and
Specific criteria have been met for each of the company's activities.

  
2.5

Tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities of other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 
2.6

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5% - 10% straight line
Plant and equipment
-
10% - 33% straight line or 15% reducing balance
Motor vehicles
-
10% straight line or 15% reducing balance
Fixtures and fittings
-
5% - 25% straight line or 15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.15

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments. If payment is deferred and the time value of the money is material, the initial measurement is on a present value basis.

Page 6

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.16

Gift aid

The company and parent charity have adopted Update Bulletin two of  Charity SORP (FRS102). As a result the Gift Aid payable by the trading company to the charity is shown when paid (as no deed of covenant is in place) as a movement through reserves in the Statement of Changes in Equity.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Assets under the course of construction
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
-
10,167
14,750
285,669
140,753
451,339


Transfers between classes
140,753
-
-
-
(140,753)
-



At 31 March 2024

140,753
10,167
14,750
285,669
-
451,339



Depreciation


At 1 April 2023
-
7,488
5,124
198,679
2,446
213,737


Charge for the year on owned assets
7,338
1,034
2,028
23,887
-
34,287


Transfers between classes
2,446
-
-
-
(2,446)
-



At 31 March 2024

9,784
8,522
7,152
222,566
-
248,024



Net book value



At 31 March 2024
130,969
1,645
7,598
63,103
-
203,315



At 31 March 2023
-
2,679
9,626
86,990
138,307
237,602

Page 7

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
-
525

Other debtors
-
2,038

Prepayments and accrued income
12,994
1,200

12,994
3,763



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
137,146
49,155

137,146
49,155



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
10,000
10,000

Trade creditors
15,105
13,275

Amounts owed to group undertakings
8,730
10,352

Other taxation and social security
7,257
2,286

Other creditors
4,020
676

Accruals and deferred income
153,269
150,422

198,381
187,011



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

11,667
21,667


Page 8

 
PATTERDALE HALL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
11,667
21,667


11,667
21,667



21,667
31,667


Borrowings include original loans of £50,000 being repaid in monthly instalments until 2026 with interest being charged at 2.5%. The amount remaining at the year end is £21,667 (2023: £31,667).


10.


Related party transactions

The company is a wholly owned subsidiary of YMCA North Tyneside. The company has taken advantage of the exemption under FRS102 not to disclose transactions with group companies.


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 17 September 2024 by Detlev Anderson (Senior Statutory Auditor) on behalf of Kinnair Associates Limited.

 
Page 9