| REGISTERED NUMBER: |
| Patrick Wilkinson (Saddlers) Limited |
| Unaudited Financial Statements for the Year Ended 31st January 2026 |
| REGISTERED NUMBER: |
| Patrick Wilkinson (Saddlers) Limited |
| Unaudited Financial Statements for the Year Ended 31st January 2026 |
| Patrick Wilkinson (Saddlers) Limited (Registered number: 02027774) |
| Contents of the Financial Statements |
| for the year ended 31st January 2026 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Patrick Wilkinson (Saddlers) Limited |
| Company Information |
| for the year ended 31st January 2026 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire HU2 8BA |
| Patrick Wilkinson (Saddlers) Limited (Registered number: 02027774) |
| Balance Sheet |
| 31st January 2026 |
| 2026 | 2025 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| Patrick Wilkinson (Saddlers) Limited (Registered number: 02027774) |
| Notes to the Financial Statements |
| for the year ended 31st January 2026 |
| 1. | STATUTORY INFORMATION |
| Patrick Wilkinson (Saddlers) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. |
| The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is the amount receivable by the company in the ordinary course of business for goods supplied as a principal and for services provided. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation |
| Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives. |
| The annual rates used are as follows: |
| Freehold property - straight line over 50 years |
| Fixtures and fittings - 10% on cost |
| Motor vehicles - 25% on cost |
| Plant and machinery - 10% on cost |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stock is stated at the lower of cost and net realisable value. |
| Current & deferred tax |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 and other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| Patrick Wilkinson (Saddlers) Limited (Registered number: 02027774) |
| Notes to the Financial Statements - continued |
| for the year ended 31st January 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Motor |
| property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st February 2025 |
| and 31st January 2026 |
| DEPRECIATION |
| At 1st February 2025 |
| Charge for year |
| At 31st January 2026 |
| NET BOOK VALUE |
| At 31st January 2026 |
| At 31st January 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st February 2025 |
| Revaluations | 50,000 |
| At 31st January 2026 |
| NET BOOK VALUE |
| At 31st January 2026 |
| At 31st January 2025 |
| Included in fair value of investment property is freehold land of £ 150,000 (2025 - £ 125,000 ) which is not depreciated. |
| Fair value at 31st January 2026 is represented by: |
| £ |
| Valuation in 2022 | 87,062 |
| Valuation in 2026 | 50,000 |
| Cost | 312,938 |
| 450,000 |
| Patrick Wilkinson (Saddlers) Limited (Registered number: 02027774) |
| Notes to the Financial Statements - continued |
| for the year ended 31st January 2026 |
| 6. | STOCKS |
| 2026 | 2025 |
| £ | £ |
| Stocks |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Directors' loan accounts | 227,506 | - |
| Prepayments |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Directors' loan accounts | - | 14,081 |
| Accrued expenses |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| Revaluation of investment property | 137,062 |
| At 31st January 2026 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled throughout the current and previous year by P T Wilkinson by virtue of his 100% holding in the ordinary share capital of the company. |