REGISTERED NUMBER: SC193788 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PATTERSONS OF ABERDEEN LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Chartered Accountants' Report

9

DIRECTORS:

Mr S J C Patterson

Mrs S Patterson

Mr S J C Patterson

REGISTERED OFFICE:

19-25 Thistle Street

ABERDEEN

AB10 1UY

REGISTERED NUMBER:

SC193788 (Scotland)

ACCOUNTANTS:

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

495,883

506,733

Investments

6

27,938

18,083

Investment property

7

400,000

400,000

923,821

924,816

CURRENT ASSETS

Stocks

190,312

185,563

Debtors

8

4,649

6,193

Cash at bank and in hand

616,995

553,309

811,956

745,065

CREDITORS

Amounts falling due within one year

9

122,850

92,407

NET CURRENT ASSETS

689,106

652,658

TOTAL ASSETS LESS CURRENT LIABILITIES

1,612,927

1,577,474

PROVISIONS FOR LIABILITIES

20,499

26,853

NET ASSETS

1,592,428

1,550,621

CAPITAL AND RESERVES

Called up share capital

4

4

Revaluation reserve

10

25,280

25,280

Retained earnings

1,567,144

1,525,337

SHAREHOLDERS' FUNDS

1,592,428

1,550,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 28 October 2025 and were signed on its behalf by:

Mr S J C Patterson - Director

Mrs S Patterson - Director

1.	STATUTORY INFORMATION

Pattersons Of Aberdeen Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided (where material) on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.

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 (2024 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

41,500

AMORTISATION

At 1 February 2024

and 31 January 2025

41,500

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

250,000

304,924

554,924

Additions

-

19,538

19,538

At 31 January 2025

250,000

324,462

574,462

DEPRECIATION

At 1 February 2024

-

48,191

48,191

Charge for year

-

30,388

30,388

At 31 January 2025

-

78,579

78,579

NET BOOK VALUE

At 31 January 2025

250,000

245,883

495,883

At 31 January 2024

250,000

256,733

506,733

Cost or valuation at 31 January 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2005

25,280

-

25,280

Cost

224,720

324,462

549,182

250,000

324,462

574,462

If Property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

224,720

224,720

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2024

18,083

Revaluations

9,855

At 31 January 2025

27,938

NET BOOK VALUE

At 31 January 2025

27,938

At 31 January 2024

18,083

Cost or valuation at 31 January 2025 is represented by:

Other

investments

£

Valuation in 2016

(148,692

)

Valuation in 2017

(1,417

)

Valuation in 2018

2,287

Valuation in 2019

(5,116

)

Valuation in 2020

(1,569

)

Valuation in 2021

(9,138

)

Valuation in 2022

7,820

Valuation in 2023

601

Valuation in 2024

(4,735

)

Valuation in 2025

9,855

Cost

178,042

27,938

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

400,000

NET BOOK VALUE

At 31 January 2025

400,000

At 31 January 2024

400,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2015

(100,000

)

Valuation in 2021

(44,646

)

Cost

544,646

400,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

544,646

544,646

Investment property was valued on an open market basis on 31 January 2025 by the directors .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

309

1,723

Other debtors

4,340

4,470

4,649

6,193

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

29,595

39,900

Taxation and social security

52,201

38,731

Other creditors

41,054

13,776

122,850

92,407

10.

RESERVES

Revaluation

reserve

£

At 1 February 2024

and 31 January 2025

25,280

11.	PENSION COMMITMENTS

The company operates a defined contribution scheme. Amounts outstanding at the year end relating to the defined contribution pension scheme totalled £435 (2024: £435) and are included within trade creditors.

12.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pattersons Of Aberdeen Limited for the year ended 31 January 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Pattersons Of Aberdeen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pattersons Of Aberdeen Limited and state those matters that we have agreed to state to the Board of Directors of Pattersons Of Aberdeen Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pattersons Of Aberdeen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pattersons Of Aberdeen Limited. You consider that Pattersons Of Aberdeen Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pattersons Of Aberdeen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Bain Henry Reid

Chartered Accountants

4 West Craibstone Street

Bon-Accord Square

ABERDEEN

AB11 6YL

28 October 2025