IRIS Accounts Production v24.3.0.553 SC554845 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5548452023-01-31SC5548452024-01-31SC5548452023-02-012024-01-31SC5548452022-01-31SC5548452022-02-012023-01-31SC5548452023-01-31SC554845ns15:Scotland2023-02-012024-01-31SC554845ns14:PoundSterling2023-02-012024-01-31SC554845ns10:Director12023-02-012024-01-31SC554845ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC554845ns10:SmallEntities2023-02-012024-01-31SC554845ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC554845ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC554845ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC554845ns10:FullAccounts2023-02-012024-01-31SC554845ns10:Director22023-02-012024-01-31SC554845ns10:RegisteredOffice2023-02-012024-01-31SC554845ns5:CurrentFinancialInstruments2024-01-31SC554845ns5:CurrentFinancialInstruments2023-01-31SC554845ns5:Non-currentFinancialInstruments2024-01-31SC554845ns5:Non-currentFinancialInstruments2023-01-31SC554845ns5:ShareCapital2024-01-31SC554845ns5:ShareCapital2023-01-31SC554845ns5:RetainedEarningsAccumulatedLosses2024-01-31SC554845ns5:RetainedEarningsAccumulatedLosses2023-01-31SC554845ns5:LandBuildings2023-01-31SC554845ns5:PlantMachinery2023-01-31SC554845ns5:MotorVehicles2023-01-31SC554845ns5:LandBuildings2023-02-012024-01-31SC554845ns5:PlantMachinery2023-02-012024-01-31SC554845ns5:MotorVehicles2023-02-012024-01-31SC554845ns5:LandBuildings2024-01-31SC554845ns5:PlantMachinery2024-01-31SC554845ns5:MotorVehicles2024-01-31SC554845ns5:LandBuildings2023-01-31SC554845ns5:PlantMachinery2023-01-31SC554845ns5:MotorVehicles2023-01-31SC554845ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC554845ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: SC554845 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PATTERDALE PROPERTY LIMITED

PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PATTERDALE PROPERTY LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: C McGougan
Mrs E McGougan





REGISTERED OFFICE: Broombank
North Connel
Oban
Argyll
PA37 1RD





REGISTERED NUMBER: SC554845 (Scotland)





ACCOUNTANTS: Andy Newiss & Co Ltd
Broombank
North Connel
Oban
Argyll
PA37 1RD

PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,029 8,287

CURRENT ASSETS
Debtors 5 234,000 303,306
Cash at bank - 39,373
234,000 342,679
CREDITORS
Amounts falling due within one year 6 29,476 82,895
NET CURRENT ASSETS 204,524 259,784
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,553

268,071

CREDITORS
Amounts falling due after more than one
year

7

(24,001

)

(24,946

)

PROVISIONS FOR LIABILITIES (758 ) (947 )
NET ASSETS 186,794 242,178

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,694 242,078
SHAREHOLDERS' FUNDS 186,794 242,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)

BALANCE SHEET - continued
31 January 2024


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 30 October 2024 and were signed on its behalf by:





C McGougan - Director


PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

Patterdale Property Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The directors believe that the company has the ability to meet its current and future liabilities as they fall due and therefore continue to adopt the going concern basis in preparing these financial statements. The directors continue to support the company.

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 each asset over its estimated useful life.

Taxation
Taxation for the year 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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 5,000 734 5,000 10,734
DEPRECIATION
At 1 February 2023 500 147 1,800 2,447
Charge for year 500 118 640 1,258
At 31 January 2024 1,000 265 2,440 3,705
NET BOOK VALUE
At 31 January 2024 4,000 469 2,560 7,029
At 31 January 2023 4,500 587 3,200 8,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related parties 233,284 295,000
Other debtors 716 8,306
234,000 303,306

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,663 9,891
Amounts owed to related parties 2,000 -
Taxation and social security 1,334 468
Other creditors 13,479 72,536
29,476 82,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 24,001 24,946

PATTERDALE PROPERTY LIMITED (REGISTERED NUMBER: SC554845)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024

8. RELATED PARTY DISCLOSURES

Amounts due from related parties £233,284 (£241,500 2023)

Amounts due to related parties £2,000 (£nil 2022)