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COMPANY REGISTRATION NUMBER: 07308530
Panacea Consultants Limited
Filleted Unaudited Financial Statements
31 March 2023
Panacea Consultants Limited
Statement of Financial Position
31 March 2023
2023
2022
£
£
Fixed assets
342
613
----
----
Current assets
168,229
149,914
Prepayments and accrued income
348
135
----------
----------
168,577
150,049
Creditors: amounts falling due within one year
( 61,141)
( 81,945)
----------
----------
Net current assets
107,436
68,104
----------
---------
Total assets less current liabilities
107,778
68,717
Accruals and deferred income
( 78)
( 78)
----------
---------
107,700
68,639
----------
---------
Capital and reserves
107,700
68,639
----------
---------
Notes to the financial statements
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr P Patankar
( 44,462)
25,026
( 19,436)
---------
---------
---------
2022
Balance brought forward
Amounts repaid
Balance outstanding
£
£
£
Mr P Patankar
( 52,656)
8,194
( 44,462)
---------
-------
---------
The non-interest bearing loan is repayable on demand. Included in other creditors is a loan from Mrs M Tongaonkar, a shareholder, totalling £2,231 (2022 - £11,578). The non-interest bearing loan is repayable on demand.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 7 November 2023 , and are signed on behalf of the board by:
Mr P Patankar
Director
Company registration number: 07308530
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 Faringdon Road, Earley, Reading, RG6 1FP.