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REGISTERED NUMBER: 06621976 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

PANAHGHAR SAFE HOUSE LTD.

PANAHGHAR SAFE HOUSE LTD. (REGISTERED NUMBER: 06621976)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PANAHGHAR SAFE HOUSE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Ms S S Shaw
Mrs S.K. Manak
Ms A Samra
Ms S Boniface





SECRETARY: Mrs S.K. Manak





REGISTERED OFFICE: 3 St. Margaret Road
Coventry
West Midlands
CV1 2BT





REGISTERED NUMBER: 06621976 (England and Wales)





AUDITORS: Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

PANAHGHAR SAFE HOUSE LTD. (REGISTERED NUMBER: 06621976)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 - 1,963
Cash at bank 3,634 1,199
3,634 3,162
CREDITORS
Amounts falling due within one year 5 47,865 43,222
NET CURRENT LIABILITIES (44,231 ) (40,060 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(44,231

)

(40,060

)

RESERVES
Income and expenditure account 6 (44,231 ) (40,060 )
(44,231 ) (40,060 )

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 28th January 2024 and were signed on its behalf by:





Mrs S.K. Manak - Director


PANAHGHAR SAFE HOUSE LTD. (REGISTERED NUMBER: 06621976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Panahghar Safe House Ltd. is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is supported by the parent entity Coventry Panahghar Project which is a registered charity. The trustees of the charity signified despite the negative results for the year the charity will continue its financial support to the company for the foreseeable future. The financial statements are prepared on going concern basis.

Related party exemption
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.

Tangible fixed assets
The company does not have any fixed assets; it uses the assets owned by its parent entity Coventry Panahghar Project (a registered charity).

Taxation
No tax arises on the results for the year as the company remits an amount equivalent to its annual taxable profit to its parent undertaking under the deed of covenant arrangement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2022 - 31 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 1,963

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 690 -
Amounts owed to group undertakings 23,017 23,976
Social security and other taxes 14,627 14,556
Pension Control Account 3,059 -
Accrued expenses 6,472 4,690
47,865 43,222

PANAHGHAR SAFE HOUSE LTD. (REGISTERED NUMBER: 06621976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. RESERVES
Income
and
expenditure
account
£   

At 1st April 2022 (40,060 )
Deficit for the year (4,171 )
At 31st March 2023 (44,231 )

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

The Report of the Auditors was unqualified.

Muhammed Shabbir ACA, FCCA (Senior Statutory Auditor)
for and on behalf of Armstrongs Accountancy Ltd

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related Party Disclosures, not to disclose related party transactions with its immediate and ultimate parent, Coventry Panahghar Project (Registered Charity Number 1007676). Copies of consolidated accounts are available from the Parent's principal place of business and the Charities Commission.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Coventry Panahghar Project (registered charity number 1007676).

Panahghar Safe House Limited ia a company Limited by Guarantee with charitable objects.

Members who are also trustees of Coventry Panahghar Project, agreed to contribute £5 to the assets of the company in the event of winding up of company being wound up.