Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activityfalse2023-05-0122truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09577247 2023-05-01 2024-04-30 09577247 2022-05-01 2023-04-30 09577247 2024-04-30 09577247 2023-04-30 09577247 c:Director1 2023-05-01 2024-04-30 09577247 c:Director2 2023-05-01 2024-04-30 09577247 c:RegisteredOffice 2023-05-01 2024-04-30 09577247 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 09577247 d:FreeholdInvestmentProperty 2024-04-30 09577247 d:FreeholdInvestmentProperty 2023-04-30 09577247 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 09577247 d:CurrentFinancialInstruments 2024-04-30 09577247 d:CurrentFinancialInstruments 2023-04-30 09577247 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09577247 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09577247 d:ShareCapital 2024-04-30 09577247 d:ShareCapital 2023-04-30 09577247 d:RetainedEarningsAccumulatedLosses 2024-04-30 09577247 d:RetainedEarningsAccumulatedLosses 2023-04-30 09577247 c:FRS102 2023-05-01 2024-04-30 09577247 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09577247 c:FullAccounts 2023-05-01 2024-04-30 09577247 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 09577247







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


PATEL TAYLOR INVESTMENTS LIMITED






































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PATEL TAYLOR INVESTMENTS LIMITED
 


 
COMPANY INFORMATION


Directors
P H Patel 
A R Taylor 




Registered number
09577247



Registered office
48 Rawstorne Street

London

EC1V 7ND




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


PATEL TAYLOR INVESTMENTS LIMITED
REGISTERED NUMBER:09577247



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
4,334,446
5,310,946

  
4,334,446
5,310,946

Current assets
  

Debtors: amounts falling due within one year
 5 
16,352
25,000

Cash at bank and in hand
  
22,071
5,440

  
38,423
30,440

Creditors: amounts falling due within one year
 6 
(2,778,266)
(2,771,976)

Net current liabilities
  
 
 
(2,739,843)
 
 
(2,741,536)

Total assets less current liabilities
  
1,594,603
2,569,410

  

Net assets
  
1,594,603
2,569,410


Capital and reserves
  

Called up share capital 
  
2,000
2,000

Profit and loss account
  
1,592,603
2,567,410

  
1,594,603
2,569,410


Page 1

 


PATEL TAYLOR INVESTMENTS LIMITED
REGISTERED NUMBER:09577247


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 income and retained earnings 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 by: 



A R Taylor
Director

Date: 23 October 2024

The notes on pages 3 to 4 form part of these financial statements.

Page 2

 


PATEL TAYLOR INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Patel Taylor Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 9577247. The registered office and principal place of business is 48 Rawstorne Street, London, EC1V 7ND.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises rents receivable and is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.3

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.

 
2.4

Investment property

Investment property is carried at fair value determined annually by directors in consultation with external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 3

 


PATEL TAYLOR INVESTMENTS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
5,310,946


Additions at cost
23,500


Revaluation
(1,000,000)



At 30 April 2024
4,334,446

The 2024 valuations were made by the directors, on an open market value for existing use basis.









5.


Debtors

2024
2023
£
£


Trade debtors
16,352
25,000

16,352
25,000



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
4,127
4,037

Other creditors
2,771,139
2,764,939

Accruals and deferred income
3,000
3,000

2,778,266
2,771,976


Page 4