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Registered number: 04461815

Paton Homes Limited

ACCOUNTS

FOR THE YEAR ENDED 31/10/2025

Prepared By:

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Paton Homes Limited

ACCOUNTS

FOR THE YEAR ENDED 31/10/2025

DIRECTORS

F Lowe

S M Lowe

REGISTERED OFFICE

Low Cotehill Farm

Low Cotehill

Carlisle

CA4 0EJ

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 04461815

BANKERS

Cumberland Building Society

ACCOUNTANTS

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Paton Homes Limited

ACCOUNTS
FOR THEYEARENDED31/10/2025
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Paton Homes Limited

BALANCE SHEET AT 31/10/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Investment Assets		2				250,000				250,000
CURRENT ASSETS
Debtors		3		27				26
Cash at bank and in hand				-				109,373
				27				109,399
CREDITORS: Amounts falling due within one year		4		224,566				335,636
NET CURRENT LIABILITIES						(224,539)				(226,237)
TOTAL ASSETS LESS CURRENT LIABILITIES						25,461				23,763
CAPITAL AND RESERVES
Called up share capital		6				800				800
Capital redemption reserve		7				200				200
Profit and loss account						24,461				22,763
SHAREHOLDERS' FUNDS						25,461				23,763
For the year ending 31/10/2025 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.
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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/07/2026 and signed on their behalf by
.............................
F Lowe
Director

Paton Homes Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/10/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Investments

Fixed asset investments are shown at cost less amounts written off.

Provisions are made for permanent fluctuations in value.

2. FINANCIAL ASSETS
		Other
		Investments		Total
		£		£
Cost
At 01/11/2024		250,000		250,000
At 31/10/2025		250,000		250,000
Amortisation
Net Book Amounts
At 31/10/2025		250,000		250,000
At 31/10/2024		250,000		250,000
Magnus Homes Limited is a 99% subsidiary of the company.
At 31st October 2025 the aggregate of share capital and reserves of Magnus Homes Limited was £2,091,965 and its loss for the year ended 31st October 2025 was £54,915.

3. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
VAT				27		26
				27		26

Paton Homes Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				398		1,046
Directors current account				31,530		31,530
Other creditors				141		-
Amounts due to group companies				192,497		303,060
				224,566		335,636

5. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				-		-

6. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
800 Ordinary shares of £1 each				800		800
				800		800

7. OTHER RESERVES				2025		2024
				£		£
Capital redemption reserve				200		200
				200		200

8. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £31,530 (2024 - £31,530) to a director. The loan is unsecured, interest free and repayable on demand. No dividends (2024 - £22,000) were paid to the directors during the year.

Paton Homes Limited

9. ADDITIONAL INFORMATION

The company is a private company, limited by shares and registered in England & Wales. The company's registered number is 04461815.

The company's registered office is Low Cotehill Farm, Low Cotehill, Carlisle, Cumbria, CA4 0EJ.