REGISTERED NUMBER: 07821393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PATTY KING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr M A Francis

SECRETARY:

Mrs D Francis

REGISTERED OFFICE:

10 Knights Hill

West Norwood

West Norwood

London

SE27 0HY

REGISTERED NUMBER:

07821393 (England and Wales)

ACCOUNTANTS:

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

FIXED ASSETS

Tangible assets

4

5,715

7,620

CURRENT ASSETS

Stocks

5

6,500

10,500

Debtors

6

10,405

11,987

Cash at bank

196

1,309

17,101

23,796

CREDITORS

Amounts falling due within one year

7

119,392

94,272

NET CURRENT LIABILITIES

(102,291

)

(70,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(96,576

)

(62,856

)

CREDITORS

Amounts falling due after more than one year

8

(66,386

)

(76,386

)

PROVISIONS FOR LIABILITIES

10

(1,429

)

(1,905

)

NET LIABILITIES

(164,391

)

(141,147

)

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

(164,491

)

(141,247

)

SHAREHOLDERS' FUNDS

(164,391

)

(141,147

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 12 December 2025 and were signed by:

Mr M A Francis - Director

1.	STATUTORY INFORMATION

Patty King Ltd is a private company, limited by shares, registered in England and Wales. The

company's registered number is 07821393 and registered office address is 10 Knights Hill, West Norwood, West Norwood, London, SE27 0HY .

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 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.

Land and buildings

-

written off over the life of the lease

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

The UK corporation tax rate was 19% up until 31 March 2023. From 1 April 2023, this rate increased to 25%, resulting in an overall corporation tax rate for 2024 of 25%. Deferred tax has been recognised, where applicable, at 25% on the basis that majority of these timing differences are expected to reverse at that rate. Future enacted changes to UK corporation tax rates would change the value of any deferred tax balances recognised.

Creditors

Long term amount due to connected entity are measured at the transaction price and interest is charged on it.

Going concern

The directors have considered the working capital position of the company and future working capital requirements, including any impact from the ongoing conflict in Ukraine and high interest rates in the UK and are satisfied that the company will be able to meet its liabilities as they fall due for a period of not less than one year from date of approval of these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

17,693

117,839

135,532

DEPRECIATION

At 1 April 2024

17,693

110,219

127,912

Charge for year

-

1,905

1,905

At 31 March 2025

17,693

112,124

129,817

NET BOOK VALUE

At 31 March 2025

-

5,715

5,715

At 31 March 2024

-

7,620

7,620

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

6,500

10,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Directors' current accounts

10,405

11,987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

-

(1

)

Tax

25,333

23,663

Social security and other taxes

22,944

16,950

VAT

60,984

38,251

Pension payable

131

409

Accrued expenses

-

5,000

119,392

94,272

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

1,667

10,000

Bank loans - 2-5 years

-

1,667

Amounts owed to group undertakings

64,719

64,719

66,386

76,386

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

7,500

7,500

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

1,429

1,905

Deferred

tax

£

Balance at 1 April 2024

1,905

charge for the year

(476

)

Balance at 31 March 2025

1,429

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr M A Francis

Balance outstanding at start of year

11,987

-

Amounts advanced

-

11,987

Amounts repaid

(1,582

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,405

11,987

Interest on the director's loan account of £10,405 (2024: £11,987) was charged at the official HM Revenue & Custom's rates

13.	GOING CONCERN

As at 31 March 2024 the company had Net Liabilities of £164,391 (2024 : £136,423).

The financial statements have been prepared on a going concern basis on the assumption that the director and MAF Engineering Ltd, the parent company, will continue supporting the company.

The director and MAF Engineering Ltd, have provided assurances that they will continue supporting the company to meet its obligations as they fall due by providing loans.

The director believes that in the following years the results will improve leading to a strengthening of the company's balance sheet.

The following reproduces the text of the report prepared for the director 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 Director 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 Patty King Ltd for the year ended 31 March 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Patty King Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Patty King Ltd and state those matters that we have agreed to state to the director of Patty King Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Patty King Ltd and its director for our work or for this report.

It is your duty to ensure that Patty King Ltd 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 loss of Patty King Ltd. You consider that Patty King Ltd 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 Patty King Ltd. 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.

Chris Skarparis & Co Ltd

Chartered Accountants

2nd Floor

10(b) Aldermans Hill

Palmers Green

London

N13 4PJ

12 December 2025