PANGAEA SOUND LIMITED
Annual report and financial statements for the period ended 30 June 2023
Registered number: 14162550
PANGAEA SOUND LIMITED
Company number: 14162550
Director's report for the period ended 30 June 2023
The director presents his report and the unaudited financial statements for the period ended 30 June 2023.
Principal activities
The company was incorporated on 9 June 2022. The company remained dormant during the period.
Directors
The directors of the Company during the period ended 30 June 2023 are listed below:
Mr Harry Bott (appointed 9 June 2022)
Mr Thomas Spencer (appointed
and resigned
17 April 2023)
Statement of Directors' Responsibilities
The Directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the Directors to prepare financial statements for each financial year. Under that law the Directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”, and applicable law). Under company law the Directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the Directors are required to:
*
select suitable accounting policies and then apply them consistently;
state whether applicable United Kingdom Accounting Standards, comprising FRS 102, have been followed, subject to any material departures disclosed and explained in the financial statements;
*
make judgments and accounting estimates that are reasonable and prudent;
*
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
1
PANGAEA SOUND LIMITED
Director's report for the period ended 30 June 2023 (continued)
Director's interests in the shares of the company
Mr Harry Bott and Mr Thomas Spencer each own 5 shares in the company.
Small Company Provisions
In preparing this report the Director has taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
By order of the board
Mr Harry Bott
Director
6 March 2024
2
PANGAEA SOUND LIMITED
Balance sheet
At 30 June 2023
2023
Notes
£
Current Assets
Cash
2
10
Net assets
10
Capital and reserves
Called up share capital
3
10
Equity shareholders' funds
10
For the period ended 30 June 2023, the Company was entitled to the 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 of its accounts for the year in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the small companies' regime of the Companies Act 2006.
As permitted by s444(5A) of the Companies Act 2006 the directors have not delivered to the registrar a copy of the company's Profit and Loss Account.
The financial statements on pages 3 and 4 were approved by the board of directors and signed on its behalf by:
Mr Harry Bott
Director
6 March 2024
3
PANGAEA SOUND LIMITED
Notes to the financial statements for the period ended 30 June 2023
1
General
The Company has not prepared a profit and loss account, as there was no revenue or expenditure during the period ended 30 June 2023.
The financial statements of Pangaea Sound Limited have been prepared in compliance with United Kingdom Accounting Standards, including Section 1A Small Entities of Financial Reporting Standard 102. “The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland” (“FRS 102”) and the Companies Act 2006.
2
Cash
2023
£
Cash
10
3
Share capital
2023
£
Authorised
Ordinary shares of £1 each
10
Allotted, called up and fully paid
Ordinary shares of £1 each
10
4
Directors' emoluments
The directors received no emoluments during the period ended 30 June 2023.
5
Controlling party
The company is under the control of Mr Harry Bott.
4