2023-11-01 2024-10-31 09823266 PATENT ANNUITY COSTS LIMITED false 09823266 2023-11-01 2024-10-31 09823266 uk-bus:Director1 2023-11-01 2024-10-31 09823266 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09823266 uk-bus:SmallEntities 2023-11-01 2024-10-31 09823266 uk-bus:FullAccounts 2023-11-01 2024-10-31 09823266 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09823266 2023-11-01 09823266 2024-10-31 09823266 2023-10-31 xbrli:pure iso4217:GBP 09823266 2022-11-01 2023-10-31
Company Registration Number : 09823266 (England and Wales)
09823266
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
PATENT ANNUITY COSTS LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
PATENT ANNUITY COSTS LIMITED
Unaudited filleted financial statements
For the year ended 31 October 2024
PATENT ANNUITY COSTS LIMITED
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


PATENT ANNUITY COSTS LIMITED
Company Information
For the year ended 31 October 2024

Company registration number 09823266 (England and Wales)
Director Peter Edward ROUSE
Registered office address Dundridge Hall Dundridge Estate
Totnes
TQ9 7PL
Accountant Novus Accountancy Ltd
7 Everson Close
Tasburgh
Norfolk
NR15 1LL
PATENT ANNUITY COSTS LIMITED
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 1,200 1,663
7 1,200 1,663
Current assets
Debtors 14,565 10,324
Corporation tax receivable 6 -
Cash and cash equivalents 588 5,987
15,159 16,311
Current liabilities
Creditors: Amounts falling due within one year (16,315) (11,200)
(16,315) (11,200)
Net current (liabilities)/assets (1,156) 5,111
Total assets less current liabilities 44 6,774
Non-current liabilities
Creditors: Amounts falling due after more than one year (4,225) (4,806)
Net (liabilities)/assets (4,180) 1,968
Capital and reserves
Called up share capital 5 1 1
Retained earnings (4,181) 1,967
Shareholder's funds (4,180) 1,968
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts 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 profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 February 2025
.............................
Peter Edward ROUSE (Director)
Company registration number: 09823266
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 1,200 1,663
Current Assets 15,159 16,311
Creditors: amounts falling due within one year (16,315) (11,200)
Net current assets (liabilities) (1,156) 5,111
Total assets less current liabilities 44 6,774
CREDITORS: Amounts falling due more than one year (4,225) (4,806)
Net Assets (liabilities) (4,180) 1,968
Capital and Reserves (4,180) 1,968
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 17 February 2025 2025-02-15 and signed on behalf of the board,
.............................
Peter Edward ROUSE
Director
Company registration number: 09823266
PATENT ANNUITY COSTS LIMITED
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Dundridge Hall Dundridge Estate, Totnes, TQ9 7PL.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery25% reducing balance
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment33% reducing balance
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
1 (2023 : 1) Shares of £ 1 each11
1 1
Retained earnings 2024
£
At 1 November 2023 1,967
Loss of the year (4,898)
Dividends paid (1,250)
At 31 October 2024 (4,181)

(6) Related party transactions
During the year the company entered into the following transactions with related parties:
Commission Recovery Limited owed a total balance of £9,157 at the year end (£8,707: 2023).

(7) Fixed assets
Tangible

£
Cost
As at 01 November 20235,653
As at 31 October 20245,653
Depreciation/Amortisation
As at 01 November 20233,994
For the year460
As at 31 October 20244,454
Net book value
As at 31 October 20241,199
As at 31 October 20231,659