REGISTERED NUMBER: 03602949 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Patrick Ryan Associates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Patrick Ryan

Mary Elizabeth Ryan FCCA

Anri Doda

SECRETARY:

Mary Elizabeth Ryan FCCA

REGISTERED OFFICE:

85 Great Portland Street

First Floor

London

W1W 7LT

REGISTERED NUMBER:

03602949 (England and Wales)

ACCOUNTANTS:

Ark Accountancy Limited

Chartered Certified Accountant

56-58 High Street

Ewell

Epsom

Surrey

KT17 1RW

FIXED ASSETS

Tangible assets

4

7,125

8,660

CURRENT ASSETS

Debtors

5

577,356

286,492

Cash at bank

366,530

537,709

943,886

824,201

CREDITORS

Amounts falling due within one year

6

154,627

106,393

NET CURRENT ASSETS

789,259

717,808

TOTAL ASSETS LESS CURRENT LIABILITIES

796,384

726,468

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

796,284

726,368

SHAREHOLDERS' FUNDS

796,384

726,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 29 April 2025 and were signed on its behalf by:

Mary Elizabeth Ryan FCCA - Director

1.	STATUTORY INFORMATION

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Plant and machinery

-

20% on cost

Computer equipment

-

50% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

8,969

5,833

39,947

54,749

Additions

-

-

3,935

3,935

At 31 December 2024

8,969

5,833

43,882

58,684

DEPRECIATION

At 1 January 2024

5,774

5,148

35,167

46,089

Charge for year

1,444

324

3,702

5,470

At 31 December 2024

7,218

5,472

38,869

51,559

NET BOOK VALUE

At 31 December 2024

1,751

361

5,013

7,125

At 31 December 2023

3,195

685

4,780

8,660

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

550,748

254,763

Other debtors

26,608

31,729

577,356

286,492

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

19,350

10,752

Taxation and social security

127,798

45,868

Other creditors

7,479

49,773

154,627

106,393

7.	ULTIMATE CONTROLLING PARTY

The controlling party is PRAL Holdings Limited.