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Patay Holdings Limited
ABRIDGED Financial Statements
For The Year Ended 31 December 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 03461191
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 315,000 315,000
315,000 315,000
CURRENT ASSETS
Debtors 2,650 2,650
Cash at bank and in hand 500,044 61
502,694 2,711
Creditors: Amounts Falling Due Within One Year (279,728 ) (157,928 )
NET CURRENT ASSETS (LIABILITIES) 222,966 (155,217 )
TOTAL ASSETS LESS CURRENT LIABILITIES 537,966 159,783
NET ASSETS 537,966 159,783
CAPITAL AND RESERVES
Called up share capital 4 437 687
Capital redemption reserve 563 313
Profit and Loss Account 536,966 158,783
SHAREHOLDERS' FUNDS 537,966 159,783
Page 1
Page 2
For the year ending 31 December 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mark Leavesley
Director
4th March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Patay Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03461191 . The registered office is 8 Chapel Street, Belper, Derbyshire, DE56 1AR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a longterm interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.
2.3. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 437 687
5. Related Party Transactions
During the year the company entered into the following transactions with related parties:
Amounts due to related parties
2024
Patay Bucks Castings Limited £270,651
Amounts due from related parties
2024
Amounts owing from directors £2,000
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6. Investments
Fixed Asset investments of £315,000 (2023 - £315,000) relate to the acquisition of 100% of the issued share capital of Patay
Bucks Castings Limited, a company incorporated in England & Wales.
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