REGISTERED NUMBER: 05192344 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st August 2025

for

Patricks Bar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P S Barry

SECRETARY:

Mrs A Barry

REGISTERED OFFICE:

57-59 Holyhead Road

Bangor

Gwynedd

LL57 2HE

REGISTERED NUMBER:

05192344 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

4

409,110

416,895

CURRENT ASSETS

Stocks

4,200

2,100

Cash in hand

700

1,300

4,900

3,400

CREDITORS

Amounts falling due within one year

5

136,602

115,356

NET CURRENT LIABILITIES

(131,702

)

(111,956

)

TOTAL ASSETS LESS CURRENT LIABILITIES

277,408

304,939

CREDITORS

Amounts falling due after more than one year

6

85,841

94,973

NET ASSETS

191,567

209,966

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

191,467

209,866

191,567

209,966

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 23rd April 2026 and were signed by:

P S Barry - Director

1.	STATUTORY INFORMATION

Patricks Bar Limited is a private company, limited by shares , registered in England and Wales. 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.

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

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% 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.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st September 2024

and 31st August 2025

465,734

51,376

517,110

DEPRECIATION

At 1st September 2024

51,198

49,017

100,215

Charge for year

7,314

471

7,785

At 31st August 2025

58,512

49,488

108,000

NET BOOK VALUE

At 31st August 2025

407,222

1,888

409,110

At 31st August 2024

414,536

2,359

416,895

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

18,235

22,145

Taxation and social security

7,404

12,978

Other creditors

110,963

80,233

136,602

115,356

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

85,841

94,973

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

47,425

18,062

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank overdrafts

3,784

2,030

Bank loans

100,292

115,088

104,076

117,118

The bank loans and overdraft are secured by a fixed charge over the property 57 - 59 Holyhead Road, Bangor.