Company Registration No. 13629071 (England and Wales)
PANACEA ESTATES LTD
Unaudited accounts
for the year ended 30 September 2023
PANACEA ESTATES LTD
Unaudited accounts
Contents
PANACEA ESTATES LTD
Company Information
for the year ended 30 September 2023
Company Number
13629071 (England and Wales)
Registered Office
319 DICKENSON ROAD
MANCHESTER
M13 0NR
ENGLAND
PANACEA ESTATES LTD
Statement of financial position
as at 30 September 2023
Investment property
376,182
246,650
Cash at bank and in hand
10,581
53,595
Creditors: amounts falling due within one year
(128,464)
(129,999)
Net current liabilities
(117,883)
(76,404)
Total assets less current liabilities
258,299
170,246
Creditors: amounts falling due after more than one year
(267,463)
(176,475)
Net liabilities
(9,164)
(6,229)
Called up share capital
1
1
Profit and loss account
(9,165)
(6,230)
Shareholders' funds
(9,164)
(6,229)
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 March 2024 and were signed on its behalf by
Saira Bibi
Director
Company Registration No. 13629071
PANACEA ESTATES LTD
Notes to the Accounts
for the year ended 30 September 2023
PANACEA ESTATES LTD is a private company, limited by shares, registered in England and Wales, registration number 13629071. The registered office is 319 DICKENSON ROAD, MANCHESTER, M13 0NR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 October 2022
246,650
At 30 September 2023
376,182
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
128,464
129,999
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
267,463
176,475
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).