Patrick Gill Consultants Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03935936 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

Patrick Gill Consultants Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

9

DIRECTORS:

P G Gill

Mrs H L Gill

SECRETARY:

Mrs H L Gill

REGISTERED OFFICE:

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

REGISTERED NUMBER:

03935936 (England and Wales)

ACCOUNTANTS:

Lee Accounting Services 2018 Limited

Trading as Lee & Co

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

FIXED ASSETS

Tangible assets

4

12,572

10,269

Investments

5

404,724

404,724

Investment property

6

265,000

265,000

682,296

679,993

CURRENT ASSETS

Debtors

7

833,039

831,399

Prepayments and accrued income

2,000

4,000

Cash at bank

527,452

405,274

1,362,491

1,240,673

CREDITORS

Amounts falling due within one year

8

84,763

42,424

NET CURRENT ASSETS

1,277,728

1,198,249

TOTAL ASSETS LESS CURRENT LIABILITIES

1,960,024

1,878,242

PROVISIONS FOR LIABILITIES

12,083

11,317

NET ASSETS

1,947,941

1,866,925

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

1,947,940

1,866,924

SHAREHOLDERS' FUNDS

1,947,941

1,866,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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 10 February 2023 and were signed on its behalf by:

P G Gill - Director

1.	STATUTORY INFORMATION

Patrick Gill Consultants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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.

In respect of long-term contracts and contracts for on-going services, turnover is recognised on the basis of work done and includes estimates of amounts earned but not invoiced at the year end. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

Financial instruments

Debtors

Short terms debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

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 1 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2021

33,971

Additions

7,301

At 31 August 2022

41,272

DEPRECIATION

At 1 September 2021

23,702

Charge for year

4,998

At 31 August 2022

28,700

NET BOOK VALUE

At 31 August 2022

12,572

At 31 August 2021

10,269

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2021

and 31 August 2022

404,724

NET BOOK VALUE

At 31 August 2022

404,724

At 31 August 2021

404,724

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2021

and 31 August 2022

265,000

NET BOOK VALUE

At 31 August 2022

265,000

At 31 August 2021

265,000

Fair value at 31 August 2022 is represented by:

£

Valuation in 2021

35,000

Cost

230,000

265,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.22

31.8.21

£

£

Cost

230,000

230,000

Investment property was valued on an open market basis on 31 August 2022 by the director .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade debtors

54,025

9,600

Amounts owed by participating interests

673,791

673,791

Other debtors

105,223

148,008

833,039

831,399

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.22

31.8.21

£

£

Trade creditors

621

441

Taxation and social security

82,492

40,483

Other creditors

1,650

1,500

84,763

42,424

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.22

31.8.21

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

The amount of retained earnings which are not distributable are £26,250 (2021: £26,250).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

31.8.22

31.8.21

£

£

P G Gill

Balance outstanding at start of year

148,008

152,802

Amounts advanced

62,862

160,901

Amounts repaid

(105,647

)

(165,695

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

105,223

148,008

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lee Accounting Services 2018 Limited

Trading as Lee & Co

26 High Street

Rickmansworth

Hertfordshire

WD3 1ER

10 February 2023