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Registration number: 11890038

Patientia Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

Patientia Properties Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 6

Patientia Properties Limited

(Registration number: 11890038)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 7,383 | 9,844
Investment property | 5 | 1,391,130 | 1,391,130
|  | 1,398,513 | 1,400,974
Current assets |  |  |
Debtors | 6 | 5,271 | 5,520
Cash at bank and in hand |  | 28,369 | 26,800
|  | 33,640 | 32,320
Creditors: Amounts falling due within one year | 7 | (59,090) | (71,422)
Net current liabilities |  | (25,450) | (39,102)
Total assets less current liabilities |  | 1,373,063 | 1,361,872
Creditors: Amounts falling due after more than one year | 7 | (1,190,328) | (1,181,452)
Net assets |  | 182,735 | 180,420
Capital and reserves |  |  |
Called up share capital | 8 | 10 | 10
Retained earnings |  | 182,725 | 180,410
Shareholders' funds |  | 182,735 | 180,420

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 September 2025 and signed on its behalf by:

......................................... Mr D C Parsons Director

Patientia Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
39 Main Road
Littleton
Winchester
Hampshire
SO22 6QJ
England

These financial statements were authorised for issue by the Board on 9 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Patientia Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | Reducing balance 25%

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Patientia Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4 | Tangible assets

| Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 11,250 | 11,250
At 31 March 2025 | 11,250 | 11,250
Depreciation
At 1 April 2024 | 1,406 | 1,406
Charge for the year | 2,461 | 2,461
At 31 March 2025 | 3,867 | 3,867
Carrying amount
At 31 March 2025 | 7,383 | 7,383
At 31 March 2024 | 9,844 | 9,844

Patientia Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Investment properties

| 2025 £
At 1 April | 1,391,130
At 31 March | 1,391,130

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 2,448 | 2,945
Prepayments | 2,823 | 2,575
| 5,271 | 5,520

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 26,273 | 33,857
Taxation and social security |  | 5,766 | 14,030
Accruals and deferred income |  | 10,979 | 9,117
Other creditors |  | 16,072 | 14,418
|  | 59,090 | 71,422

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 1,190,328 | 1,181,452

Patientia Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 10 | 10 | 10 | 10

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 172,722 | 245,099
Other borrowings | 1,017,606 | 936,353
| 1,190,328 | 1,181,452

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 23,273 | 30,857
Other borrowings | 3,000 | 3,000
| 26,273 | 33,857