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Registered number: 04461815

Paton Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Paton Homes Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
F Lowe
S M Lowe
REGISTERED OFFICE
Low Cotehill Farm
Low Cotehill
Carlisle
CA4 0EJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04461815
BANKERS
Cumberland Building Society
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Paton Homes Limited

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Paton Homes Limited

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Investment Assets2250,000250,000
CURRENT ASSETS
Debtors32626
Cash at bank and in hand109,373253,974
109,399254,000
CREDITORS: Amounts falling due within one year4335,636484,696
NET CURRENT LIABILITIES(226,237)(230,696)
TOTAL ASSETS LESS CURRENT LIABILITIES23,76319,304
CAPITAL AND RESERVES
Called up share capital6800800
Capital redemption reserve7200200
Profit and loss account22,76318,304
SHAREHOLDERS' FUNDS23,76319,304
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.
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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/02/2025 and signed on their behalf by
.............................
F Lowe
Director

Paton Homes Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/11/2023250,000250,000
At 31/10/2024250,000250,000
Amortisation
Net Book Amounts
At 31/10/2024250,000250,000
At 31/10/2023250,000250,000
Magnus Homes Limited is a 99% subsidiary of the company.
At 31st October 2024 the aggregate of share capital and reserves of Magnus Homes Limited was £2,146,880 and its loss for the year ended 31st October 2024 was £243,117.
3. DEBTORS 20242023
££
Amounts falling due within one year
VAT2626
2626

Paton Homes Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,046140
Directors current account31,53031,530
Amounts due to group companies303,060453,026
335,636484,696
5. EMPLOYEES
20242023
No.No.
Average number of employees--
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
800 Ordinary shares of £1 each800800
800800
7. OTHER RESERVES 20242023
££
Capital redemption reserve200200
200200
8. RELATED PARTY TRANSACTIONS
At the balance sheet date the company owed £31,530 (2023 - £31,530) to a director. The loan is unsecured, interest free and repayable on demand.
Total dividends of £22,000 (2023 - £50,400) were paid to the directors during the year.
9. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales. The company's registered number is 04461815.
The company's registered office is Low Cotehill Farm, Low Cotehill, Carlisle, Cumbria, CA4 0EJ.