IRIS Accounts Production v24.3.0.553 06091490 director 1.3.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh060914902023-02-28060914902024-04-30060914902023-03-012024-04-30060914902022-02-28060914902022-03-012023-02-28060914902023-02-2806091490ns15:EnglandWales2023-03-012024-04-3006091490ns14:PoundSterling2023-03-012024-04-3006091490ns10:Director12023-03-012024-04-3006091490ns10:PrivateLimitedCompanyLtd2023-03-012024-04-3006091490ns10:SmallEntities2023-03-012024-04-3006091490ns10:AuditExempt-NoAccountantsReport2023-03-012024-04-3006091490ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-04-3006091490ns10:SmallCompaniesRegimeForAccounts2023-03-012024-04-3006091490ns10:FullAccounts2023-03-012024-04-3006091490ns10:CompanySecretary12023-03-012024-04-3006091490ns10:RegisteredOffice2023-03-012024-04-3006091490ns5:CurrentFinancialInstruments2024-04-3006091490ns5:CurrentFinancialInstruments2023-02-2806091490ns5:ShareCapital2024-04-3006091490ns5:ShareCapital2023-02-2806091490ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3006091490ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2806091490ns5:RetainedEarningsAccumulatedLosses2024-04-3006091490ns5:RetainedEarningsAccumulatedLosses2023-02-2806091490ns5:LandBuildings2023-02-2806091490ns5:PlantMachinery2023-02-2806091490ns5:LandBuildings2023-03-012024-04-3006091490ns5:PlantMachinery2023-03-012024-04-3006091490ns5:LandBuildings2024-04-3006091490ns5:PlantMachinery2024-04-3006091490ns5:LandBuildings2023-02-2806091490ns5:PlantMachinery2023-02-2806091490ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3006091490ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2806091490ns5:RetainedEarningsAccumulatedLosses2023-02-2806091490ns5:FurtherSpecificReserve3ComponentTotalEquity2023-02-2806091490ns5:RetainedEarningsAccumulatedLosses2023-03-012024-04-30060914901ns10:Director12023-02-28060914901ns10:Director12022-02-28060914901ns10:Director12023-03-012024-04-30060914901ns10:Director12022-03-012023-02-28060914901ns10:Director12024-04-30060914901ns10:Director12023-02-28
REGISTERED NUMBER: 06091490 (England and Wales)















Unaudited Financial Statements

for the Period 1st March 2023 to 30th April 2024

for

PATRICK ESTATE AGENCIES LIMITED

PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)






Contents of the Financial Statements
for the Period 1st March 2023 to 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PATRICK ESTATE AGENCIES LIMITED

Company Information
for the Period 1st March 2023 to 30th April 2024







DIRECTOR: M A J Patrick





SECRETARY: Mrs S Patrick





REGISTERED OFFICE: Weller Patrick
High Street
Bishops Waltham
Hampshire
SO32 1AA





REGISTERED NUMBER: 06091490 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,463 4,748
Investment property 5 560,000 560,000
563,463 564,748

CURRENT ASSETS
Debtors 6 14,802 6,285
Cash at bank and in hand 149,441 159,227
164,243 165,512
CREDITORS
Amounts falling due within one year 7 37,884 55,522
NET CURRENT ASSETS 126,359 109,990
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,822

674,738

PROVISIONS FOR LIABILITIES 8,849 8,989
NET ASSETS 680,973 665,749

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 74,381 74,381
Retained earnings 8 606,492 591,268
SHAREHOLDERS' FUNDS 680,973 665,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)

Balance Sheet - continued
30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th January 2025 and were signed by:





M A J Patrick - Director


PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)

Notes to the Financial Statements
for the Period 1st March 2023 to 30th April 2024

1. STATUTORY INFORMATION

Patrick Estate Agencies 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery etc - 25% on reducing balance

Investment property
The company carries investment property on the balance sheet at fair value. Any changes to fair value are recognised in the profit and loss.

No depreciation is provided for in respect of the investment property as it is accounted for under the provisions of Section 16 of FRS 102.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2023 - 7 ) .

PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)

Notes to the Financial Statements - continued
for the Period 1st March 2023 to 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2023 30,000 36,363 66,363
Additions - 142 142
At 30th April 2024 30,000 36,505 66,505
DEPRECIATION
At 1st March 2023 30,000 31,615 61,615
Charge for period - 1,427 1,427
At 30th April 2024 30,000 33,042 63,042
NET BOOK VALUE
At 30th April 2024 - 3,463 3,463
At 28th February 2023 - 4,748 4,748

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023
and 30th April 2024 560,000
NET BOOK VALUE
At 30th April 2024 560,000
At 28th February 2023 560,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2019 38,963
Valuation in 2021 45,000
Cost 476,037
560,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 476,037 476,037

Investment property was valued on open market basis basis on 30th April 2024 by the director Mr M Patrick .

PATRICK ESTATE AGENCIES LIMITED (REGISTERED NUMBER: 06091490)

Notes to the Financial Statements - continued
for the Period 1st March 2023 to 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,441 4,081
Other debtors 2,361 2,204
14,802 6,285

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,727 2,404
Taxation and social security 20,532 26,441
Other creditors 14,625 26,677
37,884 55,522

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st March 2023 591,268 74,381 665,649
Profit for the period 39,224 39,224
Dividends (24,000 ) (24,000 )
At 30th April 2024 606,492 74,381 680,873

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30th April 2024 and the year ended 28th February 2023:

2024 2023
£    £   
M A J Patrick
Balance outstanding at start of period 17,631 54,130
Amounts advanced 33,224 17,054
Amounts repaid (50,844 ) (53,553 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 11 17,631

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M A J Patrick.