10197909falseSale of clothing2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-01-012024-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-01-012024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/2024-01-012024-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FRS1022024-01-012024-12-31http://www.companieshouse.gov.uk/2024-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-01-012024-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-01-012024-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 10197909
PATTA LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Prepared By:
Simon Coles & Co
Chartered Accountants
Simon Coles & Co
PO Box 600
London
UK
WC1H 0XB
PATTA LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DIRECTORS
Mr E S Sabajo
REGISTERED OFFICE
6 Silver Place
London
UK
W1F 0JS
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10197909
ACCOUNTANTS
Simon Coles & Co
Chartered Accountants
Simon Coles & Co
PO Box 600
London
UK
WC1H 0XB
PATTA LIMITED
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
PATTA LIMITED
BALANCE SHEET AT 31 December 2024
20242023
Notes££
FIXED ASSETS
Tangible assets24,4627,218
CURRENT ASSETS
Stock447,429873,821
Debtors4205,869331,118
Cash at bank and in hand403,282135,791
1,056,5801,340,730
CREDITORS: Amounts falling due within one year5904,559861,842
NET CURRENT ASSETS152,021478,888
TOTAL ASSETS LESS CURRENT LIABILITIES156,483486,106
CAPITAL AND RESERVES
Called up share capital71010
Profit and loss account156,473486,096
SHAREHOLDERS' FUNDS156,483486,106
For the year ending 31 December 2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22 September 2025 and signed on their behalf by
.............................
Mr E S Sabajo
Director
PATTA LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsstraight line 25%
Equipmentstraight line 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
PATTA LIMITED
2. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 1 January 202456,4832,71159,194
At 31 December 202456,4832,71159,194
Depreciation
At 1 January 202450,98798951,976
For the year2,0407162,756
At 31 December 202453,0271,70554,732
Net Book Amounts
At 31 December 20243,4561,0064,462
At 31 December 20235,4961,7227,218
3. STOCK 20242023
££
Stock comprises:
Stock447,429873,821
447,429873,821
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors65,92579,554
UK corporation tax68,304-
VAT-55,258
PAYE control-10,758
Other debtors16,55898,976
Amounts due from group companies18,982-
Prepayments36,10086,572
205,869331,118
PATTA LIMITED
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-72,424
VAT5,105-
Salaries and wages control1083
Trade creditors11,77321,644
Other creditors4,96133,637
Accruals-42,320
Amounts due to group companies882,612691,814
904,559861,842
6. EMPLOYEES
20242023
No.No.
Average number of employees1010
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary Shares of £1 each1010
1010
8. CONTROLLING PARTY
The company is owned by Patta Exclusive Sneakers BV.
9. RELATED PARTY TRANSACTIONS
1 The company is owned by Patta Exclusive Sneakers BV, Zeedijk 68-70, 1012 BA Amsterdam, a company incorporated in The Netherlands.
PATTA LIMITED
10. COMMITMENTS
The company has 2 years remaining on a property rental agreement with annual rent of £48,000.