REGISTERED NUMBER: SC554845 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

PATTERDALE PROPERTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C McGougan

Mrs E J McGougan

REGISTERED OFFICE:

Broombank

North Connel

Oban

Argyll

PA37 1RD

REGISTERED NUMBER:

SC554845 (Scotland)

ACCOUNTANTS:

Andy Newiss & Co Ltd

Broombank

North Connel

Oban

Argyll

PA37 1RD

FIXED ASSETS

Tangible assets

4

3,875

7,029

CURRENT ASSETS

Stocks

5,346

-

Debtors

5

324,684

234,000

Cash at bank

3,347

-

333,377

234,000

CREDITORS

Amounts falling due within one year

6

149,172

28,142

NET CURRENT ASSETS

184,205

205,858

TOTAL ASSETS LESS CURRENT LIABILITIES

188,080

212,887

CREDITORS

Amounts falling due after more than one year

7

(22,301

)

(24,001

)

PROVISIONS FOR LIABILITIES

-

(758

)

NET ASSETS

165,779

188,128

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

165,679

188,028

SHAREHOLDERS' FUNDS

165,779

188,128

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 31 October 2025 and were signed on its behalf by:

C McGougan - Director

1.	STATUTORY INFORMATION

Patterdale Property 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.

The directors believe that the company has the ability to meet its current and future liabilities as they fall due and therefore continue to adopt the going concern basis in preparing these financial statements. The directors continue to support the company.

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.

Stocks

Work in progress and stock is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

5,000

734

5,000

10,734

Disposals

-

-

(5,000

)

(5,000

)

At 31 January 2025

5,000

734

-

5,734

DEPRECIATION

At 1 February 2024

1,000

265

2,440

3,705

Charge for year

500

94

-

594

Eliminated on disposal

-

(2,440

)

-

(2,440

)

At 31 January 2025

1,500

(2,081

)

2,440

1,859

NET BOOK VALUE

At 31 January 2025

3,500

2,815

(2,440

)

3,875

At 31 January 2024

4,000

469

2,560

7,029

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by related parties

323,284

233,284

Other debtors

1,400

716

324,684

234,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,955

12,663

Amounts owed to related parties

131,200

2,000

Other creditors

8,017

13,479

149,172

28,142

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

22,301

24,001

8.	RELATED PARTY DISCLOSURES

Amounts due from related parties £323,284 (£233,284 2024)

Amounts due to related parties £131,200 (£2,000 2024)