PATELS VENTURE LTD - Filleted accounts

Registered number

09383743

PATELS VENTURE LTD

Filleted Accounts

31 December 2025

PATELS VENTURE LTD
Registered number:		09383743
Balance Sheet
as at 31 December 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1			1
Tangible assets	4		123,689			123,325
			123,690			123,326

Current assets
Stocks		6,820			8,870
Debtors	5	393,876			390,360
Cash at bank and in hand		12,875			20,706
		413,571			419,936

Creditors: amounts falling due within one year	6	(246,374)			(234,784)

Net current assets			167,197			185,152

Total assets less current liabilities			290,887			308,478

Creditors: amounts falling due after more than one year	7		(81,250)			(116,458)

Provisions for liabilities			(24,312)			-


Net assets			185,325			192,020

Capital and reserves
Called up share capital			100			100
Profit and loss account			185,225			191,920

Shareholders' funds			185,325			192,020

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mrs P Patel
Director
Approved by the board on 16 September 2026

PATELS VENTURE LTD
Notes to the Accounts
for the year ended 31 December 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment	5% Writtendown value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			15		14


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 January 2025					1
	At 31 December 2025					1

	Amortisation
	At 31 December 2025					-

	Net book value
	At 31 December 2025					1
	At 31 December 2024					1

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 January 2025	2,129		162,741		164,870
	Additions	-		6,762		6,762
	At 31 December 2025	2,129		169,503		171,632

	Depreciation
	At 1 January 2025	-		41,545		41,545
	Charge for the year	-		6,398		6,398
	At 31 December 2025	-		47,943		47,943

	Net book value
	At 31 December 2025	2,129		121,560		123,689
	At 31 December 2024	2,129		121,196		123,325


5	Debtors			2025		2024
£					£

	Other debtors			393,876		390,360


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			4,166		14,167
	Trade creditors			6,204		5,721
	Taxation and social security costs			55,084		52,524
	Other creditors			180,920		162,372
				246,374		234,784


7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			81,250		116,458


8	Related party transactions

	The directors’ current account balance, as disclosed in Note 6 above, is included within other creditors.


9	Controlling party

	The company is controlled by the directors, who collectively hold 100% of the company’s issued share capital.


10	Other information

	PATELS VENTURE LTD is a private company limited by shares and incorporated in England. Its registered office is:
	233 Northolt Road
	Harrow
	HA2 8HN