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Registered Number: 14389513


 

 

 

PATOSA ASSET LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 September 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Perfectbooks Accounting Limited
30 September 2024



....................................................

Perfectbooks Accounting Limited

01/01/2016
160 City road
London
EC1V 2NX
30 April 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 423,440    423,440 
423,440    423,440 
Current assets      
Cash at bank and in hand 2,439    2,547 
Creditors: amount falling due within one year (1,149)   (1,150)
Net current assets 1,290    1,397 
 
Total assets less current liabilities 424,730    424,837 
Creditors: amount falling due after more than one year (491,796)   (482,299)
Net assets (67,066)   (57,462)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (67,068)   (57,464)
Shareholders' funds (67,066)   (57,462)
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 30 April 2025 and were signed on its behalf by:


-------------------------------
Osaherhun Ogbeifun
Director
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General Information
PATOSA ASSET LTD is a private company, limited by shares, registered in , registration number 14389513, registration address 4 RYEGRASS CLOSE, KENT UNITED KINGDOM, ME5 8JY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a
contract cannot be estimated reliably.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Leasehold                              Reducing balance 10%
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 October 2023  
Additions 423,440    423,440 
Disposals  
At 30 September 2024 423,440    423,440 
Depreciation
At 01 October 2023  
Charge for year  
On disposals  
At 30 September 2024  
Net book values
Closing balance as at 30 September 2024 423,440    423,440 
Opening balance as at 01 October 2023 423,440    423,440 

The net book value of Land and Buildings includes £ 423,440 in respect of assets leased under finance leases or hire purchase contracts.

3