REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2023 |
FOR |
PANAHGHAR SAFE HOUSE LTD. |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
RESERVES |
Income and expenditure account | 6 | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Social security and other taxes |
Pension Control Account | 3,059 | - |
Accrued expenses |
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 | ( |
) |
Deficit for the year | ( |
) |
At 31st March 2023 | ( |
) |
7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
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 |
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. |