Company Registration No. 12575562 (England and Wales)
PANESAR ESTATES LIMITED
Dormant Accounts
for the year ended 31 January 2023
PANESAR ESTATES LIMITED
Dormant Accounts
Contents
PANESAR ESTATES LIMITED
Company Information
for the year ended 31 January 2023
Director
Manpreet Singh Panesar
Company Number
12575562 (England and Wales)
Registered Office
124 City Road
London
EC1V 2NX
United Kingdom
Accountants
Financial People Ltd
124 City Road
London
EC1V 2NX
PANESAR ESTATES LIMITED
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
17,000
Creditors: amounts falling due within one year
(554,194)
Net current liabilities
(539,301)
Total assets less current liabilities
292,001
Creditors: amounts falling due after more than one year
(305,867)
Called up share capital
100
Profit and loss account
(13,966)
Shareholders' funds
(13,866)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 20 October 2023 and were signed on its behalf by
Manpreet Singh Panesar
Director
Company Registration No. 12575562
PANESAR ESTATES LIMITED
Notes to the Accounts
for the year ended 31 January 2023
PANESAR ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12575562. The registered office is 124 City Road, London, EC1V 2NX, United Kingdom.
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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.
These financial statements for the year ended 31 January 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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Tangible fixed assets
Land & buildings
At 31 January 2023
831,302
At 31 January 2023
831,302
Amounts falling due within one year
PANESAR ESTATES LIMITED
Notes to the Accounts
for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023
Bank loans and overdrafts
551,906
Loans from directors
1,538
Mortgage secured against property.
7
Creditors: amounts falling due after more than one year
2023
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Average number of employees
During the year the average number of employees was 1.