2024-07-01 2025-06-30 15713948 Patel &amp; Patel Holdings Ltd false 15713948 2024-07-01 2025-06-30 15713948 uk-bus:Director1 2024-07-01 2025-06-30 15713948 uk-bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 15713948 uk-bus:SmallEntities 2024-07-01 2025-06-30 15713948 uk-bus:FullAccounts 2024-07-01 2025-06-30 15713948 uk-bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 15713948 2024-07-01 15713948 2025-06-30 15713948 2024-06-30 xbrli:pure iso4217:GBP 15713948 2023-07-01 2024-06-30

Company Registration Number : 15713948 (England and Wales)
15713948
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2025-06-30
false
Patel &amp; Patel Holdings Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2024-07-01
Patel & Patel Holdings Ltd Unaudited filleted financial statements For the year ended 30 June 2025

Patel & Patel Holdings Ltd Contents For the year ended 30 June 2025

CONTENTS | PAGE
Company Information | 3
Statement of Financial Position | 4
Notes to the Financial Statements | 5 - 6

Patel & Patel Holdings Ltd Company Information For the year ended 30 June 2025

Company registration number |  | 15713948 (England and Wales)
Directors |  | Binita Patel
|  | Chandresh Patel
Registered office address |  | Suite A, 82 James Carter Road
|  | Mildenhall
|  | Bury St. Edmunds
|  | IP28 7DE
Accountant |  | Astonia Associates Limited
|  | Chartered Management Accountants
|  | Dns House, 382 Kenton Road
|  | Harrow, Middlesex
|  | HA3 8DP

Patel & Patel Holdings Ltd Statement of Financial Position For the year ended 30 June 2025

|  |  | 2025 |  | 2024
| Notes |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets |  |  | 945,000 |  | 945,000
Property, plant and equipment |  |  | 1,326 |  | -
|  |  | 946,326 |  | 945,000
Current assets |  |  |  |  |
Debtors |  |  | 695,992 |  | 1,345
Cash and cash equivalents |  |  | 618,897 |  | 206,897
|  |  | 1,314,889 |  | 208,242
Current liabilities |  |  |  |  |
Creditors: Amounts falling due within one year |  |  | (661,969) |  | (212,044)
|  |  | (661,969) |  | (212,044)
Net current assets/(liabilities) |  |  | 652,920 |  | (3,802)
Total assets less current liabilities |  |  | 1,599,246 |  | 941,198
Non-current liabilities |  |  |  |  |
Creditors: Amounts falling due after more than one year |  |  | (727,135) |  | -
Net assets/(liabilities) |  |  | 872,111 |  | 941,198
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Other reserve |  |  | 945,000 |  | 945,000
Retained earnings |  |  | (72,989) |  | (3,902)
Shareholder's funds |  |  | 872,111 |  | 941,198
For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
For the year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared 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.
Approved by the Board on 13 October 2025
.............................
Chandresh Patel (Director)
Company registration number: 15713948

/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */

Balance sheet at 2025-06-30 30 June 2025
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Fixed Assets |  |  |  | 946,326 |  | 945,000
Current Assets |  |  |  | 1,310,911 |  | 206,947
Cash in Hand/Bank |  |  |  | 618,897 |  | 206,897
Prepayments and accrued income |  |  |  | 3,977 |  | 1,295
Creditors: amounts falling due within one year |  |  |  | (661,969) |  | (212,044)
Net current assets/(liabilities) |  |  |  | 652,920 |  | (3,802)
Total assets less current liabilities |  |  |  | 1,599,246 |  | 941,198
CREDITORS: Amounts falling due more than one year |  |  |  | (727,135) |  | 0
Net Assets/(liabilities) |  |  |  | 872,111 |  | 941,198
Capital and Reserves |  |  |  | 872,111 |  | 941,198
Called up share capital |  |  |  | 100 |  | 100
Profit and loss account |  |  |  | 872,011 |  | 941,098
SHAREHOLDER'S FUND |  |  |  | 872,111 |  | 941,198
For the year ending 30/06/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-06-2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 13 October 2025 2025-10-13 and signed on behalf of the board, |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
chandresh Patel |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |
Company registration number: 15713948 |  |  |  |  |  |  |  |  |  |

Patel & Patel Holdings Ltd Notes to the Financial Statements For the year ended 30 June 2025

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Suite A, 82 James Carter Road, Mildenhall, Bury St. Edmunds, IP28 7DE.
(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.
(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Intangible fixed assets and amortisation-other intangible
Intra-Group Lease Transfer Patel and Patel Freehold granted long-term leases for the property located at 12 Ordnance Terrace, Chatham to Patel and Patel Holding, a related party under common control. Patel and Patel Freehold retains the freehold title for the property, while Patel and Patel Holding holds the leasehold interest. The flats are rented out by Patel and Patel Holding, which is receiving rental income from third parties. The transaction has been accounted for as follows: Patel and Patel Freehold continues to hold the freehold title for the property, recorded at a carrying value of on its balance sheet. Patel and Patel Holding holds the leasehold interest and is receiving rental income from third-party tenants for the flats. The lease terms between Patel and Patel Freehold and Patel and Patel Holding are intra-group arrangements, with no rental charges or payments between the two companies. Patel and Patel Holding recognize the rental income from the flats in its own financial statements, but there is no rental income or expense recorded between Patel and Patel Freehold and Patel and Patel Holding. No gains or losses have been recognized on the transfer of the leases, as the transaction is an intra-group restructuring. The lease term is for 999 years. The mortgage charge on the property at 12 Ordnance Terrace, Chatham is registered under Patel and Patel Freehold.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis. Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
Asset class and depreciation rate
Land and Buildings |
Plant and Machinery |
Short Leasehold Properties |
Investment Properties |
Long Leasehold Properties |
Commercial Vehicles |
Fixtures and Fittings |
Equipment | 33% straight line
Motor Cars |
(4) Employees
During the year, the average number of employees including director was 2 (2024 : 2).
(5) Related party transactions
The lease rights for the property at 12 Ordnance Terrace, Chatham, were transferred from Patel and Patel Freeholds without consideration as part of a group restructuring in 2024.