1 March 2023 true No description of principal activity Taxfiler 2024.6 11840830 business:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11840830 2023-02-28 11840830 business:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 11840830 2023-03-01 2024-02-29 11840830 business:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11840830 business:FilletedAccounts 2023-03-01 2024-02-29 11840830 2024-02-29 11840830 business:Director1 2023-03-01 2024-02-29 11840830 business:Director2 2023-03-01 2024-02-29 11840830 business:RegisteredOffice 2023-03-01 2024-02-29 11840830 2023-02-28 11840830 core:WithinOneYear 2024-02-29 11840830 core:WithinOneYear 2023-02-28 11840830 core:AfterOneYear 2024-02-29 11840830 core:AfterOneYear 2023-02-28 11840830 core:ShareCapital core:PreviouslyStatedAmount 2024-02-29 11840830 core:ShareCapital core:PreviouslyStatedAmount 2023-02-28 11840830 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-02-29 11840830 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2023-02-28 11840830 core:PreviouslyStatedAmount 2024-02-29 11840830 core:PreviouslyStatedAmount 2023-02-28 11840830 business:SmallEntities 2023-03-01 2024-02-29 11840830 countries:EnglandWales 2023-03-01 2024-02-29 11840830 core:FurnitureFittings 2023-02-28 11840830 core:FurnitureFittings 2024-02-29 11840830 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11840830 (England and Wales)
PATEL GROUP LIMITED Unaudited accounts for the year ended 29 February 2024
PATEL GROUP LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PATEL GROUP LIMITED Company Information for the year ended 29 February 2024
Directors
NIKHIL PATEL SHIRISH PATEL
Company Number
11840830 (England and Wales)
Registered Office
8 HALING PARK GARDENS SOUTH CROYDON CR2 6NP ENGLAND
Accountants
ACCOUNTANTS4ALL 8 HALING PARK GARDENS SOUTH CROYDON SURREY CR2 6NP
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PATEL GROUP LIMITED Statement of financial position as at 29 February 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
7,100
7,100
Current assets
Debtors
5
3,571
3,546
Cash at bank and in hand
207
301
3,778
3,847
Creditors: amounts falling due within one year
6
(12,736)
(4,797)
Net current liabilities
(8,958)
(950)
Total assets less current liabilities
(1,858)
6,150
Creditors: amounts falling due after more than one year
7
(41,925)
(47,025)
Net liabilities
(43,783)
(40,875)
Capital and reserves
Called up share capital
200
200
Profit and loss account
(43,983)
(41,075)
Shareholders' funds
(43,783)
(40,875)
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2024 and were signed on its behalf by
NIKHIL PATEL Director Company Registration No. 11840830
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PATEL GROUP LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PATEL GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11840830. The registered office is 8 HALING PARK GARDENS, SOUTH CROYDON, CR2 6NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2023
7,100
At 29 February 2024
7,100
Depreciation
At 29 February 2024
-
Net book value
At 29 February 2024
7,100
At 28 February 2023
7,100
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Other debtors
3,571
3,546
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
12,736
4,797
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PATEL GROUP LIMITED Notes to the Accounts for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
41,925
47,025
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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