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REGISTERED NUMBER: 09974344 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PATRUM INVESTMENTS LIMITED

PATRUM INVESTMENTS LIMITED (REGISTERED NUMBER: 09974344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PATRUM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs G Charalambous





REGISTERED OFFICE: Chase House
305 Chase Road
London
N14 6LZ





REGISTERED NUMBER: 09974344 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

PATRUM INVESTMENTS LIMITED (REGISTERED NUMBER: 09974344)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 439,547 439,547

CURRENT ASSETS
Debtors 5 68,023 68,022
Investments 6 2 2
Cash at bank and in hand 15,824 14,197
83,849 82,221
CREDITORS
Amounts falling due within one year 7 216,548 213,646
NET CURRENT LIABILITIES (132,699 ) (131,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,848

308,122

CREDITORS
Amounts falling due after more than one
year

8

285,000

285,000
NET ASSETS 21,848 23,122

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 21,847 23,121
SHAREHOLDERS' FUNDS 21,848 23,122

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 24 December 2024 and were signed by:





Mrs G Charalambous - Director


PATRUM INVESTMENTS LIMITED (REGISTERED NUMBER: 09974344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Patrum Investments Limited 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.

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.

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

INVESTMENT PROPERTY
Investment properties are carried at fair values. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in The Financial Reporting Standard 102 (Section 1A) for small entities. The director considers that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt The Financial Reporting Standard 102 (Section 1A) for Smaller Entities in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been reduced by the amount of depreciation.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 439,547
NET BOOK VALUE
At 31 March 2024 439,547
At 31 March 2023 439,547

PATRUM INVESTMENTS LIMITED (REGISTERED NUMBER: 09974344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INVESTMENT PROPERTY - continued

Investment property was valued at fair value by the director, at the period end.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,564 7,564
Other debtors 60,459 60,458
68,023 68,022

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 2 2

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 990 900
Taxation and social security 937 872
Other creditors 214,621 211,874
216,548 213,646

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 285,000 285,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 yrs
non-installments 285,000 285,000
285,000 285,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 285,000 285,000

The bank loan is secured by a fixed and floating charge on the assets and undertakings of the company.

10. RELATED PARTY DISCLOSURES

Included in other creditors, amounts falling due within one year, is an interest free amount of £4,017 (2023: £4,017) due to the director, Mrs G Charalambous.

Also included in other creditors, amounts falling due within one year, is an interest free amount of £204,987 (2023: £204,987) due to Adams & Styles Properties Limited, a company under the control of family members of the director, Mrs G Charalambous.

Included in other debtors, amounts falling due within one year, is an interest free amount of £60,000 (2023: £ 60,000) due from Brookway LP, a company under the control of family members of the director, Mrs G Charalambous.

PATRUM INVESTMENTS LIMITED (REGISTERED NUMBER: 09974344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. ULTIMATE CONTROLLING PARTY

During the period under review, the company was under the control of the director, Mrs G Charalambous.

12. CURRENT ASSET INVESTMENTS

Unlisted investments held at fair value.