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Company Registration No. NI051896 (Northern Ireland)
Tony Patterson Sportsgrounds Ltd Unaudited accounts for the year ended 31 October 2024
Tony Patterson Sportsgrounds Ltd Unaudited accounts Contents
Page
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Tony Patterson Sportsgrounds Ltd Company Information for the year ended 31 October 2024
Directors
Tony Patterson Paul Patterson John Patterson Liam Haslem Patrick Farrell
Company Number
NI051896 (Northern Ireland)
Registered Office
49 Ballynahinch Road Saintfield BT24 7ND Northern Ireland
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Tony Patterson Sportsgrounds Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,612,644 
1,543,548 
Current assets
Inventories
2,733,648 
2,356,079 
Debtors
1,507,334 
128,592 
Cash at bank and in hand
787,141 
1,067,825 
5,028,123 
3,552,496 
Creditors: amounts falling due within one year
(2,149,876)
(1,105,238)
Net current assets
2,878,247 
2,447,258 
Total assets less current liabilities
4,490,891 
3,990,806 
Creditors: amounts falling due after more than one year
(115,439)
(122,280)
Provisions for liabilities
Deferred tax
(268,196)
(251,004)
Net assets
4,107,256 
3,617,522 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
4,106,256 
3,616,522 
Shareholders' funds
4,107,256 
3,617,522 
For the year ending 31 October 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 29 July 2025 and were signed on its behalf by
Liam Haslem Director Company Registration No. NI051896
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Tony Patterson Sportsgrounds Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Tony Patterson Sportsgrounds Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI051896. The registered office is 49 Ballynahinch Road, Saintfield, BT24 7ND, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities and the Companies Act 2006. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost and subsequently measured at cost or valuation, less depreciation and impairment. Historical costs includes expenditure that is directly attributable to bring the asset to the location and condition necessary for use. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell, after making allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable direct labour and those overheads that have been incurred in bringing the stock to their present location and condition. Net realisable value is the price at which stock can be realised in the normal course of business after allowing for the costs of realisation, and where appropriate, the cost of conversion from their existing state to the finished condition. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversal of impairment losses are also recognised in profit or loss.
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Tony Patterson Sportsgrounds Ltd Notes to the Accounts for the year ended 31 October 2024
Tax
Tax for the year includes current year 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. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantially enacted by the reporting date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
2,572,038 
201,084 
4,299 
2,777,421 
Additions
171,358 
- 
- 
171,358 
At 31 October 2024
2,743,396 
201,084 
4,299 
2,948,779 
Depreciation
At 1 November 2023
1,109,736 
120,188 
3,949 
1,233,873 
Charge for the year
81,688 
20,224 
350 
102,262 
At 31 October 2024
1,191,424 
140,412 
4,299 
1,336,135 
Net book value
At 31 October 2024
1,551,972 
60,672 
- 
1,612,644 
At 31 October 2023
1,462,302 
80,896 
350 
1,543,548 
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Tony Patterson Sportsgrounds Ltd Notes to the Accounts for the year ended 31 October 2024
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
196,637 
257,670 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
2,733,648 
2,356,079 
2,733,648 
2,356,079 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,489,876 
128,592 
Other debtors
17,458 
- 
1,507,334 
128,592 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
201,166 
50,000 
VAT
17,323 
90,332 
Obligations under finance leases and hire purchase contracts
49,640 
45,797 
Trade creditors
1,571,210 
568,267 
Taxes and social security
42,361 
126,342 
Other creditors
40,461 
40,813 
Accruals
227,715 
183,687 
2,149,876 
1,105,238 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
41,663 
91,664 
Obligations under finance leases and hire purchase contracts
73,776 
30,616 
115,439 
122,280 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares class A of £1 each
100 
100 
100 Ordinary shares class B of £1 each
100 
100 
800 Ordinary shares class C of £1 each
800 
800 
1,000 
1,000 
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Tony Patterson Sportsgrounds Ltd Notes to the Accounts for the year ended 31 October 2024
10
Transactions with related parties
Transactions with related parties during the year were: Sales: £Nil
11
Controlling party
The ultimate controlling party is the directors
12
Average number of employees
During the year the average number of employees was 26 (2023: 26).
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