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Company Registration No. 11482109 (England and Wales)
Paton Properties Ltd Unaudited accounts for the year ended 31 July 2025
Paton Properties Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Paton Properties Ltd Company Information for the year ended 31 July 2025
Director
Alexandra Blair PATON
Company Number
11482109 (England and Wales)
Registered Office
Pod B Unit 3 40 Warton Terrace Newcastle upon Tyne Tyne and Wear NE6 5BS England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Paton Properties Ltd Accountants' report
Accountants' report to the director of Paton Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paton Properties Ltd for the year ended 31 July 2025 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Paton Properties Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Paton Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paton Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Paton Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Paton Properties Ltd. You consider that Paton Properties 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 accounts of Paton Properties 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 30 March 2026
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Paton Properties Ltd Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
306,122
306,122
Current assets
Debtors
5
1,100
1,100
Cash at bank and in hand
13,403
17,919
14,503
19,019
Creditors: amounts falling due within one year
6
(2,227)
(5,323)
Net current assets
12,276
13,696
Total assets less current liabilities
318,398
319,818
Creditors: amounts falling due after more than one year
7
(292,572)
(292,572)
Provisions for liabilities
Deferred tax
(3,620)
(4,181)
Net assets
22,206
23,065
Capital and reserves
Called up share capital
1
1
Revaluation reserve
12,545
12,545
Profit and loss account
9,660
10,519
Shareholders' funds
22,206
23,065
For the year ending 31 July 2025 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 director acknowledges her 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 and authorised for issue on 14 April 2026 and were signed on its behalf by
Alexandra Blair PATON Director Company Registration No. 11482109
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Paton Properties Ltd Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Paton Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11482109. The registered office is Pod B, Unit 3, 40 Warton Terrace, Newcastle upon Tyne, Tyne and Wear, NE6 5BS, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2025
£
Fair value at 1 August 2024
306,122
At 31 July 2025
306,122
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
1,100
1,100
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Paton Properties Ltd Notes to the Accounts for the year ended 31 July 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
1,100
1,100
Loans from directors
311
312
Accruals
816
816
Deferred income
-
3,095
2,227
5,323
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
210,866
210,866
Other creditors
81,706
81,706
292,572
292,572
Aggregate of amounts that fall due for payment after five years
-
210,866
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Transactions with related parties
Included in long-term liabilities is a loan of £81,706 (2024 - £81,706) from M&C Residential Ltd, a related company. The loan is interest-free.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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