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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
Page
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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
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PANESAR ESTATES LIMITED Statement of financial position as at 31 January 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
831,302 
Current assets
Debtors
(2,107)
Cash at bank and in hand
17,000 
14,893 
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)
Net liabilities
(13,866)
Capital and reserves
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
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PANESAR ESTATES LIMITED Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
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.
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
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
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
n/a
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2022
- 
Additions
831,302 
At 31 January 2023
831,302 
Depreciation
At 31 January 2023
- 
Net book value
At 31 January 2023
831,302 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
(2,107)
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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 
Accruals
750 
554,194 
Mortgage secured against property.
7
Creditors: amounts falling due after more than one year
2023 
£ 
Other creditors
305,867 
8
Average number of employees
During the year the average number of employees was 1.
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