REGISTERED NUMBER: 04670885 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PATRICK WILSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P D Wilson

SECRETARY:

G F Wilson

REGISTERED OFFICE:

63 Hill Drive

Hove

East Sussex

BN3 6QL

REGISTERED NUMBER:

04670885 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

BANKERS:

Barclays Bank PLC

South Coast Group of Branches

Hove Branch

Brighton

East Sussex

BN1 1SF

FIXED ASSETS

Tangible assets

4

7,419

8,106

CURRENT ASSETS

Debtors

5

2,500

2,500

Cash at bank

58,565

76,279

61,065

78,779

CREDITORS

Amounts falling due within one year

6

(26,994

)

(24,176

)

NET CURRENT ASSETS

34,071

54,603

TOTAL ASSETS LESS CURRENT LIABILITIES

41,490

62,709

PROVISIONS FOR LIABILITIES

7

(1,410

)

(1,362

)

NET ASSETS

40,080

61,347

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

40,070

61,337

SHAREHOLDERS' FUNDS

40,080

61,347

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 director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

P D Wilson - Director

1.	STATUTORY INFORMATION

Patrick Wilson 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents royalties received from the production of music and royalties are accounted for on the accruals basis.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Studio equipment

- 25% on cost

Plant & Machinery

- 25% on cost

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Studio

equipment

£

COST

At 1 January 2024

89,718

Additions

5,915

At 31 December 2024

95,633

DEPRECIATION

At 1 January 2024

81,612

Charge for year

6,602

At 31 December 2024

88,214

NET BOOK VALUE

At 31 December 2024

7,419

At 31 December 2023

8,106

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

2,500

2,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

3,174

Taxation and social security

7,926

4,461

Other creditors

19,068

16,541

26,994

24,176

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

1,410

1,362

Deferred tax

£

Balance at 1 January 2024

1,362

Accelerated capital allowances

48

Balance at 31 December 2024

1,410

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10

Ordinary

£1

10

10

9.	RELATED PARTY DISCLOSURES

The director, Mr P Wilson, is a director of Production Music Online Ltd. At the reporting date, the company was owed £2,500 (2023: £2,500) by Production Music Online Ltd.