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REGISTERED NUMBER: 10757313 (England and Wales)















PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022






PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED (REGISTERED NUMBER: 10757313)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: D J Bundy
G L Bundy
R A Bundy
W Bundy
J Bundy III
R Bundy Jr





SECRETARY: Premier Pan Company





REGISTERED OFFICE: Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR





REGISTERED NUMBER: 10757313 (England and Wales)





AUDITORS: Rothmans Audit LLP
Statutory Auditors
Chartered Accountants
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED (REGISTERED NUMBER: 10757313)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £ £ £ £
FIXED ASSETS
Investments 4 2,187,782 2,187,782

CURRENT ASSETS
Debtors: amounts falling due within one year 5 2,948,944 2,717,514
Cash at bank 1,363 3,189
2,950,307 2,720,703
CREDITORS
Amounts falling due within one year 6 3,871,047 3,715,568
NET CURRENT LIABILITIES (920,740 ) (994,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,267,042

1,192,917

CAPITAL AND RESERVES
Called up share capital 100 100
Capital contribution reserve 1,179,805 1,179,805
Retained earnings 87,137 13,012
1,267,042 1,192,917

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 18 October 2023 and were signed on its behalf by:





W Bundy - Director


PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED (REGISTERED NUMBER: 10757313)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

Premier Pan International Holdings Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10757313 and its registered office address is Fryern House, 125 Winchester Road, Chandlers Ford, Hampshire, SO53 2DR.

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.

The company's functional currency is US Dollars. The company uses £ sterling as its presentation currency in order to comply with the requirements of the UK tax authorities.

Going concern
The financial statements have been prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

There have been no judgements and estimates which have had a significant effect on amounts recognised in the financial statements during the year.

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

Finance income and costs
Finance income and costs are charged to the Income Statement over the term of the debt using the effective interest rate method so that the amount charged is at a constant rate on the carrying amount.

Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred.

Current tax is measured at amounts expected to be paid using tax rates and laws that been enacted or substantively enacted at the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax with the following exception:

- deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

PREMIER PAN INTERNATIONAL HOLDINGS
LIMITED (REGISTERED NUMBER: 10757313)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
At 1 January 2022
and 31 December 2022 2,187,782
NET BOOK VALUE
At 31 December 2022 2,187,782
At 31 December 2021 2,187,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Other debtors 2,948,944 2,717,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£ £
Trade creditors - 2,651
Corporation tax 7,494 7,295
Shareholder loans 3,860,637 3,702,971
Accruals and deferred income 2,916 2,651
3,871,047 3,715,568

The shareholder loans are repayable on demand from January 2021 with a maximum term of 15 years, ending December 2032. Interest is charged on the shareholder loans at a rate of 3%.

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kevin Richards (Senior Statutory Auditor)
for and on behalf of Rothmans Audit LLP

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the previous years, the company advanced loans to its associate. The balance outstanding at the year end is £2,948,944 (2021: £2,717,514) and is included in 'Debtors: Amounts falling due within one year'. Interest totalling £80,235 was charged on the loan (2021: £83,027). Interest is charged at a rate of 3%.

9. ULTIMATE CONTROLLING PARTY

The directors do not consider there to be an ultimate controlling party.