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Company Registration No. 12068009 (England and Wales)
PATONFAIR PROPERTIES LIMITED Unaudited accounts for the year ended 30 June 2024
PATONFAIR PROPERTIES LIMITED Unaudited accounts Contents
Page
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PATONFAIR PROPERTIES LIMITED Company Information for the year ended 30 June 2024
Directors
Jake Fairclough Kris Paton
Company Number
12068009 (England and Wales)
Registered Office
JSM PARTNERS, BRIGHTFIELD BUSINESS HUB B ORTON SOUTHGATE PETERBOROUGH CAMBRIDGESHIRE PE2 6XU ENGLAND
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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PATONFAIR PROPERTIES LIMITED Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
212,772 
214,213 
Current assets
Debtors
10,000 
10,000 
Cash at bank and in hand
7,870 
7,987 
17,870 
17,987 
Creditors: amounts falling due within one year
(64,956)
(64,623)
Net current liabilities
(47,086)
(46,636)
Total assets less current liabilities
165,686 
167,577 
Creditors: amounts falling due after more than one year
(166,865)
(171,120)
Net liabilities
(1,179)
(3,543)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(1,181)
(3,545)
Shareholders' funds
(1,179)
(3,543)
For the year ending 30 June 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Jake Fairclough Director Company Registration No. 12068009
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PATONFAIR PROPERTIES LIMITED Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PATONFAIR PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12068009. The registered office is JSM PARTNERS, BRIGHTFIELD BUSINESS HUB B, ORTON SOUTHGATE, PETERBOROUGH, CAMBRIDGESHIRE, PE2 6XU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
212,772 
10,210 
222,982 
Disposals
- 
(10,210)
(10,210)
At 30 June 2024
212,772 
- 
212,772 
Depreciation
At 1 July 2023
- 
8,769 
8,769 
Charge for the year
- 
1,441 
1,441 
On disposals
- 
(10,210)
(10,210)
At 30 June 2024
- 
- 
- 
Net book value
At 30 June 2024
212,772 
- 
212,772 
At 30 June 2023
212,772 
1,441 
214,213 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
10,000 
10,000 
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PATONFAIR PROPERTIES LIMITED Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,098 
3,425 
Other creditors
2,760 
1,200 
Loans from directors
55,098 
59,998 
64,956 
64,623 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
166,865 
171,120 
8
Loans to directors
During the year loans totalling £58,998.00 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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