REGISTERED NUMBER: 09576571 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Patron Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Barrow

E L Thompson

REGISTERED OFFICE:

Empire House

92 - 98 Cleveland Street

Doncaster

DN1 3DP

REGISTERED NUMBER:

09576571 (England and Wales)

Fixed assets

Tangible assets

3

105,000

135,000

Current assets

Debtors

4

-

230,749

Cash at bank

1,739

668

1,739

231,417

Creditors

Amounts falling due within one year

5

(104,425

)

(34,350

)

Net current (liabilities)/assets

(102,686

)

197,067

Total assets less current liabilities

2,314

332,067

Creditors

Amounts falling due after more than one year

6

(35,290

)

(116,260

)

Provisions for liabilities

(3,906

)

(9,606

)

Net (liabilities)/assets

(36,882

)

206,201

Capital and reserves

Called up share capital

100

100

Other reserves

8

16,652

40,952

Retained earnings

8

(53,634

)

165,149

(36,882

)

206,201

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by:

R A Barrow - Director

1.	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 as modified by the revaluation of certain assets.

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.

Freehold property

-

Not Provided

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 June 2024

135,000

Revaluations

(30,000

)

At 31 May 2025

105,000

NET BOOK VALUE

At 31 May 2025

105,000

At 31 May 2024

135,000

Cost or valuation at 31 May 2025 is represented by:

Freehold

property

£

Valuation in 2022

50,558

Valuation in 2025

30,000

Cost

24,442

105,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

701

Other debtors

-

230,048

-

230,749

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

9,993

Mortgage - less than 1 yr

91,628

4,050

Trade creditors

945

-

Other creditors

2,172

12,143

Directors' current accounts

7,786

7,036

Accrued expenses

1,894

1,128

104,425

34,350

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

10,246

Bank loans - 2-5 years

35,290

15,857

Mortgage - more than 1 yr

-

90,157

35,290

116,260

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgage

91,628

94,207

Mortgage liabilities are secured over the freehold property held by the company.

8.

RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any

distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve