Company Registration No. 06603194 (England and Wales)
B PATEL & SONS FINANCE LIMITED
Unaudited accounts
for the year ended 31 August 2025
B PATEL & SONS FINANCE LIMITED
Unaudited accounts
Contents
B PATEL & SONS FINANCE LIMITED
Company Information
for the year ended 31 August 2025
Directors
Narmada Bhikhubhai Patel
Rushen Bhikhubhai Patel
Sachin Bhikhubhai Patel
Company Number
06603194 (England and Wales)
Registered Office
343 Bluewater House
Smugglers Way
London
SW18 1ED
England
Accountants
Equifin Accountancy Ltd
Unit A-4 Livingstone Court
55 Peel Road
Harrow
Middlesex
HA3 7QT
B PATEL & SONS FINANCE LIMITED
Statement of financial position
as at 31 August 2025
Investment property
2,344,706
3,344,706
Cash at bank and in hand
114,409
54,964
Creditors: amounts falling due within one year
(1,652,297)
(1,366,456)
Net current liabilities
(1,014,146)
(1,069,585)
Total assets less current liabilities
1,330,560
2,275,121
Creditors: amounts falling due after more than one year
(1,224,847)
(1,323,904)
Provisions for liabilities
Other provisions
(312,000)
(312,000)
Net (liabilities)/assets
(206,287)
639,217
Called up share capital
100
100
Profit and loss account
(206,387)
639,117
Shareholders' funds
(206,287)
639,217
For the year ending 31 August 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 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 of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by
Sachin Bhikhubhai Patel
Director
Company Registration No. 06603194
B PATEL & SONS FINANCE LIMITED
Notes to the Accounts
for the year ended 31 August 2025
B PATEL & SONS FINANCE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06603194. The registered office is 343 Bluewater House , Smugglers Way, London, SW18 1ED, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fair value at 1 September 2024
3,344,706
Net loss from fair value adjustments
(1,000,000)
At 31 August 2025
2,344,706
Amounts falling due within one year
Amounts due from group undertakings etc.
-
20,000
Deferred tax asset
501,427
219,592
Amounts falling due after more than one year
Amounts due from group undertakings etc.
20,000
-
B PATEL & SONS FINANCE LIMITED
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
45,554
231,152
Amounts owed to group undertakings and other participating interests
-
354,200
Taxes and social security
35,423
35,423
Other creditors
844,000
42,700
Loans from directors
626,872
661,372
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
802,147
1,323,904
Amounts owed to group undertakings and other participating interests
422,700
-
Of the creditors falling due within and after more than one year the bank loans are secured by a fixed charge over the investment property:
8
Provisions for liabilities
£
At 1 September 2024
312,000
Provision is made for the present value of the cost of the reinstatement work to settle.
9
Transactions with related parties
The opening balance on the directors' current account was £626,872. The net of total debits and credits in the directors' loan account was £Nil (2024: £3,100). The balance at 31 August 2025 was £626,872.
Included in the bank loan is a loan amounting to £270,123 (2024: £270,123), which is secured by a fixed charge over a personal property owned by the director and/or some of the shareholders of the company.
During the year, the Company received a short-term loan of £67,700 (2024: £355,000) from a Company in which some of the directors have a common interest. During the year, the Company gave a short-term interest-free loan of £20,000 (2024: £20,000) to a Company in which some of the directors have a common interest.
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).