Paton Properties Ltd
Paton Properties Ltd
Company Registration No. 11482109 (England and Wales)
Page
- 2 -
Director
Company Number
Registered Office
Accountants
- 3 -
Accountants' report to the director of Paton Properties Ltd on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
This report is made solely to the Board of Directors of Paton Properties Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Paton Properties Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paton Properties Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Paton Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paton Properties Ltd . You consider that Paton Properties Ltd 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 accounts of Paton Properties Ltd . 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 accounts.
- 4 -
2023
2022
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets
Capital and reserves
Called up share capital
Revaluation reserve
Profit and loss account
Shareholders' funds
The financial statements were approved by the Board and authorised for issue on 6 January 2024 and were signed on its behalf by
- 5 -
1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Presentation currency
Investment property
4
Investment property
2023
£
Fair value at 1 August 2022
At 31 July 2023
5
Debtors
2023
2022
£
£
Amounts falling due within one year
Other debtors
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxes and social security
Other creditors
Loans from directors
Accruals
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
Other creditors
8
Transactions with related parties
9
Average number of employees
During the year the average number of employees was 0 (2022: 0 ).
- 7 -