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COMPANY REGISTRATION NUMBER: NI040552
Taylor Patterson Limited
Filleted Unaudited Financial Statements
30 April 2025
Taylor Patterson Limited
Statement of Financial Position
30 April 2025
30 Apr 25
31 Mar 24
Note
£
£
£
Current assets
Debtors
5
148,094
Cash at bank and in hand
3,789,887
3,806,154
------------
------------
3,789,887
3,954,248
Creditors: amounts falling due within one year
6
20,979
6,567
------------
------------
Net current assets
3,768,908
3,947,681
------------
------------
Total assets less current liabilities
3,768,908
3,947,681
------------
------------
Net assets
3,768,908
3,947,681
------------
------------
Capital and reserves
Called up share capital
7
1
1
Capital redemption reserve
1
1
Profit and loss account
3,768,906
3,947,679
------------
------------
Shareholders funds
3,768,908
3,947,681
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
Mrs G Taylor
Director
Company registration number: NI040552
Taylor Patterson Limited
Notes to the Financial Statements
Period from 1 April 2024 to 30 April 2025
1. General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is First Floor, Building A, The Studios, 89 Holywood Road, Belfast, BT4 3BD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallize, based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2024: Nil).
5. Debtors
30 Apr 25
31 Mar 24
£
£
Other debtors
148,094
----
---------
6. Creditors: amounts falling due within one year
30 Apr 25
31 Mar 24
£
£
Corporation tax
19,479
3,455
Social security and other taxes
1,612
Other creditors
1,500
1,500
--------
-------
20,979
6,567
--------
-------
7. Called up share capital
Issued, called up and fully paid
30 Apr 25
31 Mar 24
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Related party transactions
The Company was under the control of Mrs G Taylor . Taylor Patterson Surveyors Limited was also under the control of Mrs G Taylor throughout the period. During the period, Taylor Patterson Surveyors Limited repaid net loans of £147,614 to the company (2024: the company made loans of £17,722 to Taylor Patterson Surveyors Limited). At 30 April 2025, Taylor Patterson Surveyors Limited owed the Company an amount of £nil (2024: £147,614).