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REGISTERED NUMBER: 12326342 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

PATTERDALE HOMES LTD

PATTERDALE HOMES LTD (Registered number: 12326342)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PATTERDALE HOMES LTD

Company Information
for the Year Ended 30 November 2024







DIRECTORS: E J Keeling
S Clarke





REGISTERED OFFICE: 10 Burnside
Stalybridge
Cheshire
SK15 2SN





REGISTERED NUMBER: 12326342 (England and Wales)





ACCOUNTANTS: S & J Gee Accountants Ltd
53 Derby Road
Ashton-under-Lyne
Lancashire
OL6 6PF

PATTERDALE HOMES LTD (Registered number: 12326342)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,086,000 902,300

CURRENT ASSETS
Debtors 5 5,773 450
Cash at bank 35,837 8,978
41,610 9,428
CREDITORS
Amounts falling due within one year 6 99,385 205,454
NET CURRENT LIABILITIES (57,775 ) (196,026 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,028,225

706,274

CREDITORS
Amounts falling due after more than one
year

7

(625,637

)

(360,424

)

PROVISIONS FOR LIABILITIES (92,360 ) (73,119 )
NET ASSETS 310,228 272,731

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 277,080 254,616
Retained earnings 33,146 18,113
310,228 272,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PATTERDALE HOMES LTD (Registered number: 12326342)

Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




E J Keeling - Director



S Clarke - Director


PATTERDALE HOMES LTD (Registered number: 12326342)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

PATTERDALE HOMES LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PATTERDALE HOMES LTD (Registered number: 12326342)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 902,300
Additions 141,995
Revaluations 41,705
At 30 November 2024 1,086,000
NET BOOK VALUE
At 30 November 2024 1,086,000
At 30 November 2023 902,300

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2020 50,626
Valuation in 2021 16,668
Valuation in 2023 260,441
Valuation in 2024 41,705
Cost 716,560
1,086,000

If investment property had not been revalued it would have been included at the following historical cost:

30.11.24 30.11.23
£    £   
Cost 716,560 574,565

104 Birch Street was valued on an open market basis on 5 August 2024 by Aldermore .

As at 30th November 2024 the fair value of the other investment properties was reviewed by the directors and it was determined that there was no movement in fair value in the year. A professional valuer was not used for the purpose of revaluing these properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 5,773 450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 14,300 10,800
Taxation and social security 3,541 1,910
Other creditors 81,544 192,744
99,385 205,454

PATTERDALE HOMES LTD (Registered number: 12326342)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 625,637 360,424

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 639,937 371,224

The bank loans are secured by a fixed charge over the investment property of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 December 2023 254,616
Non-distributable reserve 22,464

At 30 November 2024 277,080