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
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
PATONFAIR PROPERTIES LIMITED
Statement of financial position
as at 30 June 2024
Tangible assets
212,772
214,213
Cash at bank and in hand
7,870
7,987
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)
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
PATONFAIR PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
212,772
-
212,772
At 30 June 2023
212,772
1,441
214,213
Amounts falling due within one year
Other debtors
10,000
10,000
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
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
166,865
171,120
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).