Registration number: 14454786

Patton Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Patton Limited

Company Information

Directors

Mr Murray Hamilton Mr Patrick O'Grady

Registered office

37 Market Square Witney Oxon OX28 6RE

Accountants

ReesRussell LLP 37 Market Square Witney Oxfordshire OX28 6RE

Patton Limited

(Registration number: 14454786)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	-	396,403
Current assets
Stocks	5	409,729	-
Cash at bank and in hand		304	1,436
		410,033	1,436
Creditors: Amounts falling due within one year	6	(1,776)	(832)
Net current assets		408,257	604
Total assets less current liabilities		408,257	397,007
Creditors: Amounts falling due after more than one year	6	(414,966)	(399,040)
Net liabilities		(6,709)	(2,033)
Capital and reserves
Called up share capital	7	1,000	1,000
Retained earnings		(7,709)	(3,033)
Shareholders' deficit		(6,709)	(2,033)

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2026 and signed on its behalf by:
 

......................................... Mr Murray Hamilton Director

Patton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
37 Market Square
Witney
Oxon
OX28 6RE

These financial statements were authorised for issue by the Board on 7 August 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Patton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Patton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Investment properties

	2025 £
At 1 December	396,403
Additions	13,326
Transfers to and from Stocks	(409,729)
At 30 November	-

There has been no valuation of investment property by an independent valuer.

5

Stocks

	2025 £	2024 £
Work in progress	409,729	-

Patton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,777	832
Other creditors	(1)	-
	1,776	832

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	414,966	399,040

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	1,000	1,000	1,000	1,000

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Other borrowings	414,966	399,040

Other borrowings

Directors' loans is denominated in £ with a nominal interest rate of 0%. The carrying amount at year end is £414,966 (2024 - £399,040). The loans are unsecured and interest free and are only repayable with a minimum of 12 months notice. Such notice had not been given at the year end.

Patton Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9	Related party transactions

Transactions with directors

2025	At 1 December 2024 £	Advances from director £	At 30 November 2025 £
Directors loan	199,500	5,926	205,426
Directors loan	199,540	10,000	209,540
	399,040	15,926	414,966

2024	At 1 December 2023 £	At 30 November 2024 £
Directors loan	199,500	199,500
Directors loan	199,540	199,540
	399,040	399,040