Pat'erns Network UK Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01325245

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		806,362		750,070

			806,362		750,070
CURRENT ASSETS
Stocks	5	28,684		19,381
Debtors	6	24,241		33,816
Cash at bank and in hand		202,519		329,827

		255,444		383,024
Creditors: Amounts Falling Due Within One Year	7	(42,226 )		(92,170 )

NET CURRENT ASSETS (LIABILITIES)			213,218		290,854

TOTAL ASSETS LESS CURRENT LIABILITIES			1,019,580		1,040,924

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(20,431 )		(15,829 )

NET ASSETS			999,149		1,025,095

CAPITAL AND RESERVES
Called up share capital	9		2,665		2,665
Revaluation reserve	10		366,960		366,960
Profit and Loss Account			629,524		655,470

SHAREHOLDERS' FUNDS			999,149		1,025,095

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Pat'erns Network UK Ltd.

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Margarita Pigram Director	Mr Chris Pigram Director
19th May 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pat'erns Network UK Ltd. Registered number 01325245 is a limited by shares company incorporated in England & Wales. The Registered Office is Oaktree Works Stephenson Road, Gorse Lane Industrial Estate, Clacton-On-Sea, Essex, CO15 4XA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Based on Valuation
Plant & Machinery	20% Reducing Balance
Fixtures & Fittings	20% Reducing Balance
Computer Equipment	20% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

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Pat'erns Network UK Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 10)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost or Valuation
As at 1 January 2024	773,085	414,912	18,978	1,818	1,208,793
Additions	-	95,536	1,189	-	96,725
Disposals	-	(18,377 )	-	-	(18,377 )

As at 31 December 2024	773,085	492,071	20,167	1,818	1,287,141

Depreciation
As at 1 January 2024	120,568	323,908	13,290	957	458,723
Provided during the period	-	36,913	1,375	172	38,460
Disposals	-	(16,404 )	-	-	(16,404 )

As at 31 December 2024	120,568	344,417	14,665	1,129	480,779

Net Book Value
As at 31 December 2024	652,517	147,654	5,502	689	806,362

As at 1 January 2024	652,517	91,004	5,688	861	750,070

5. Stocks

	2024	2023
	£	£
Stock	28,684	19,381

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	19,670	26,050
Prepayments and accrued income	1,421	1,016
Deposit for machinery	3,150	6,750

	24,241	33,816

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Pat'erns Network UK Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	15,086	36,205
Bank loans and overdrafts	-	4,680
Corporation tax	-	11,519
Other taxes and social security	7,125	6,121
VAT	15,023	9,205
BarclayCard Credit Card	374	408
Accruals and deferred income	3,634	5,032
Directors' loan accounts	984	19,000

	42,226	92,170

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023
	£	£
Other timing differences	20,431	15,829

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,665	2,665

10. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	366,960

As at 31 December 2024	366,960

11. Controlling Party

The company's controlling party is Mrs M Pigram by virtue of her ownership of 60% of the issued share capital in the company.