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Company Registration No. 07427489 (England and Wales)
PANORAMIC PROPERTIES LIMITED Unaudited accounts for the year ended 31 December 2022
PANORAMIC PROPERTIES LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
480,104 
461,071 
Current assets
Debtors
36,512 
206,809 
Cash at bank and in hand
216,898 
164,227 
253,410 
371,036 
Creditors: amounts falling due within one year
(151,160)
(201,195)
Net current assets
102,250 
169,841 
Total assets less current liabilities
582,354 
630,912 
Creditors: amounts falling due after more than one year
(112,662)
(178,983)
Net assets
469,692 
451,929 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
469,691 
451,928 
Shareholders' funds
469,692 
451,929 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2023 and were signed on its behalf by
Mr Adam Fadle Director Company Registration No. 07427489
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PANORAMIC PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
PANORAMIC PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07427489. The registered office is 10 Church View, Knutsford, Cheshire, WA16 6DQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line basis 20%
Plant & machinery
20%
Fixtures & fittings
Straight line basis 20%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
446,776 
11,278 
32,550 
29,119 
519,723 
Additions
- 
- 
- 
32,964 
32,964 
Disposals
(18,398)
- 
- 
- 
(18,398)
At 31 December 2022
428,378 
11,278 
32,550 
62,083 
534,289 
Depreciation
At 1 January 2022
18,398 
8,309 
16,528 
15,417 
58,652 
Charge for the year
- 
593 
4,005 
9,333 
13,931 
On disposals
(18,398)
- 
- 
- 
(18,398)
At 31 December 2022
- 
8,902 
20,533 
24,750 
54,185 
Net book value
At 31 December 2022
428,378 
2,376 
12,017 
37,333 
480,104 
At 31 December 2021
428,378 
2,969 
16,022 
13,702 
461,071 
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PANORAMIC PROPERTIES LIMITED Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,512 
117,059 
Other debtors
- 
89,750 
36,512 
206,809 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
18,500 
22,500 
VAT
20,787 
- 
Trade creditors
67,101 
31,586 
Taxes and social security
22,772 
93,526 
Other creditors
22,000 
51,434 
Loans from directors
- 
2,149 
151,160 
201,195 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
112,662 
178,983 
8
Average number of employees
During the year the average number of employees was 6 (2021: 6).
- 4 -