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REGISTERED NUMBER: NI027336 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PATRICK BLAKE LIMITED

PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


PATRICK BLAKE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr P D Blake
Mrs B A Blake



REGISTERED OFFICE: 136 Main Street
Derrylin
Co. Fermanagh
BT92 9LA



REGISTERED NUMBER: NI027336 (Northern Ireland)



ACCOUNTANTS: Baker Tilly Mooney Moore
Chartered Certified Accountants
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG



BANKERS: Bank of Ireland
7 Townhall Street
Enniskillen
Co. Fermanagh
BT74 7DB

PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,365 46,221

CURRENT ASSETS
Stocks 701,332 674,586
Debtors 5 215,903 218,035
Investments 6 436,781 356,075
Cash at bank and in hand 28,590 33,611
1,382,606 1,282,307
CREDITORS
Amounts falling due within one year 7 238,998 235,660
NET CURRENT ASSETS 1,143,608 1,046,647
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,192,973

1,092,868

PROVISIONS FOR LIABILITIES 12,341 11,542
NET ASSETS 1,180,632 1,081,326

CAPITAL AND RESERVES
Called up share capital 1,003 1,003
Retained earnings 1,179,629 1,080,323
SHAREHOLDERS' FUNDS 1,180,632 1,081,326

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

BALANCE SHEET - continued
30 SEPTEMBER 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 27 June 2025 and were signed on its behalf by:





Mr P D Blake - Director


PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Patrick Blake Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing these financial statements the directors have made the following judgements:

Determination as to whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration include the economic viability and expected future financial performance of the assets and the business in general.

Consideration of the age and condition of stock and the need for any impairment provisions. These considerations are undertaken by directors at regular intervals, especially at the year end date. Factors taken into consideration include the period of ownership of the stock, market demand and historical experience. Stock identified as impaired will be provided against in the relevant period.

The directors also consider the depreciation rate on an annual basis to ensure this estimate remains reasonable.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.


PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Current asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value at the balance sheet date using the closing market price.The Income Statement includes the net gains and losses arising on revaluation and disposals throughout the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings Motor
& equipment vehicles Totals
£    £    £   
COST
At 1 October 2023 142,855 79,495 222,350
Additions - 22,995 22,995
Disposals - (19,495 ) (19,495 )
At 30 September 2024 142,855 82,995 225,850
DEPRECIATION
At 1 October 2023 130,002 46,127 176,129
Charge for year 3,064 10,239 13,303
Eliminated on disposal - (12,947 ) (12,947 )
At 30 September 2024 133,066 43,419 176,485
NET BOOK VALUE
At 30 September 2024 9,789 39,576 49,365
At 30 September 2023 12,853 33,368 46,221

5. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 2,086 2,369

Amounts falling due after more than one year:
Other debtors 213,817 215,666

Aggregate amounts 215,903 218,035

6. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Listed investments 436,781 356,075

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 57,888 37,554
Trade creditors 69,313 78,319
Taxation and social security 23,480 54,238
Other creditors 88,317 65,549
238,998 235,660

PATRICK BLAKE LIMITED (REGISTERED NUMBER: NI027336)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included in other creditors is an amount of £79,379 (2023: £56,818) in relation to the directors current account. This amount is unsecured, interest free and repayable on demand.