Caseware UK (AP4) 2022.0.179 2022.0.179 falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2022-05-01falseSoftware development11true 13365509 2022-05-01 2022-12-31 13365509 2021-04-29 2022-04-30 13365509 2022-12-31 13365509 2022-04-30 13365509 2021-04-29 13365509 1 2022-05-01 2022-12-31 13365509 d:Director2 2022-05-01 2022-12-31 13365509 e:CurrentFinancialInstruments 2022-12-31 13365509 e:CurrentFinancialInstruments 2022-04-30 13365509 e:CurrentFinancialInstruments e:WithinOneYear 2022-12-31 13365509 e:CurrentFinancialInstruments e:WithinOneYear 2022-04-30 13365509 e:ShareCapital 2022-05-01 2022-12-31 13365509 e:ShareCapital 2022-12-31 13365509 e:ShareCapital 2022-04-30 13365509 e:ShareCapital 2021-04-29 13365509 e:OtherMiscellaneousReserve 2022-05-01 2022-12-31 13365509 e:OtherMiscellaneousReserve 2022-12-31 13365509 e:OtherMiscellaneousReserve 1 2022-05-01 2022-12-31 13365509 e:OtherMiscellaneousReserve 2022-04-30 13365509 e:OtherMiscellaneousReserve 2021-04-29 13365509 e:RetainedEarningsAccumulatedLosses 2022-05-01 2022-12-31 13365509 e:RetainedEarningsAccumulatedLosses 2022-12-31 13365509 e:RetainedEarningsAccumulatedLosses 1 2022-05-01 2022-12-31 13365509 e:RetainedEarningsAccumulatedLosses 2021-04-29 2022-04-30 13365509 e:RetainedEarningsAccumulatedLosses 2022-04-30 13365509 e:RetainedEarningsAccumulatedLosses 2021-04-29 13365509 d:FRS102 2022-05-01 2022-12-31 13365509 d:AuditExempt-NoAccountantsReport 2022-05-01 2022-12-31 13365509 d:FullAccounts 2022-05-01 2022-12-31 13365509 d:PrivateLimitedCompanyLtd 2022-05-01 2022-12-31 13365509 6 2022-05-01 2022-12-31 13365509 f:PoundSterling 2022-05-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 13365509










Panda Technology Holdings Limited








Unaudited

Financial statements

Information for filing with the registrar

For the period ended 31 December 2022

 
Panda Technology Holdings Limited
Registered number: 13365509

Balance sheet
As at 31 December 2022

31 December
30 April
2022
2022
Note
£
£

Fixed assets
  

Investments
 4 
11
11

  
11
11

Current assets
  

Debtors: amounts falling due within one year
 5 
32,147
2,745

Cash at bank and in hand
 6 
807,616
463,167

  
839,763
465,912

Creditors: amounts falling due within one year
 7 
(28,492)
(3,398)

Net current assets
  
 
 
811,271
 
 
462,514

Total assets less current liabilities
  
811,282
462,525

  

Net assets
  
811,282
462,525


Capital and reserves
  

Called up share capital 
  
576,284
558,995

Other equity reserves
 8 
1,646,606
536,747

Profit and loss account
 8 
(1,411,608)
(633,217)

  
811,282
462,525


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



Alon Lits
Director
Date: 17 November 2023

The notes on pages 5 to 8 form part of these financial statements.
Page 1

 
Panda Technology Holdings Limited
Registered number: 13365509

Balance sheet (continued)
As at 31 December 2022


Page 2

 
Panda Technology Holdings Limited
 

Statement of changes in equity
For the period ended 31 December 2022


Called up share capital
Other equity reserves
Profit and loss account
Total equity

£
£
£
£

At 1 May 2022
558,995
536,747
(633,217)
462,525


Comprehensive income for the period

Loss for the period
-
-
(778,391)
(778,391)

Advanced share subscription
-
1,109,859
-
1,109,859


Contributions by and distributions to owners

Shares issued during the period
17,289
-
-
17,289


At 31 December 2022
576,284
1,646,606
(1,411,608)
811,282


The notes on pages 5 to 8 form part of these financial statements.

Page 3

 
Panda Technology Holdings Limited
 

Statement of changes in equity
For the period ended 30 April 2022


Called up share capital
Other reserves
Profit and loss account
Total equity

£
£
£
£

At 1 April 2021
558,995
536,747
-
1,095,742


Comprehensive income for the period

Loss for the period
-
-
(633,217)
(633,217)


At 30 April 2022
558,995
536,747
(633,217)
462,525


The notes on pages 5 to 8 form part of these financial statements.

Page 4

 
Panda Technology Holdings Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

1.


General information

Panda Technology Holdings Limited is a limited company incorporated and domiciled in England & Wales. The address of its registered office and principal place of business is disclosed on the company information page. The companys principal activity is that of software development.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
Panda Technology Holdings Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Development costs

Development costs are expensed through the statement of comprehensive income as they are incurred.

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.


3.


Employees

The average monthly number of employees, including directors, during the period was 1 (2022 - 1).

Page 6

 
Panda Technology Holdings Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

4.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 May 2022
11



At 31 December 2022
11





5.


Debtors

31 December
30 April
2022
2022
£
£


Amounts owed by group undertakings
3,292
2,745

Other debtors
6,385
-

Called up share capital not paid
17,289
-

Prepayments and accrued income
5,181
-

32,147
2,745



6.


Cash and cash equivalents

31 December
30 April
2022
2022
£
£

Cash at bank and in hand
807,616
463,167

807,616
463,167


Page 7

 
Panda Technology Holdings Limited
 

 
Notes to the financial statements
For the period ended 31 December 2022

7.


Creditors: Amounts falling due within one year

31 December
30 April
2022
2022
£
£

Trade creditors
1,599
1,048

Accruals and deferred income
26,893
2,350

28,492
3,398



8.


Reserves

Other reserves

This represents amounts received as part of an advanced subscription agreement of shares

Profit and loss account

This reserve comprises all current and prior period retained profits and losses after deducting and distributions made to the company's shareholders


9.


Related party transactions

During the year the company was charged fees of £680,296 at market value from Panda Technology South Africa (Pty) Ltd a 100% owned subsidary. As at 30 December 2022 the company was owed £3,292.


10.


Controlling party

No one party controls the company


Page 8