Pandor Estates Ltd 5309298 false 2022-05-01 2023-04-30 2023-04-30 The principal activity of the company is investing in property and property management. Digita Accounts Production Advanced 6.30.9574.0 true true 5309298 2022-05-01 2023-04-30 5309298 2023-04-30 5309298 core:RetainedEarningsAccumulatedLosses 2023-04-30 5309298 core:ShareCapital 2023-04-30 5309298 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 5309298 core:FurnitureFittingsToolsEquipment 2023-04-30 5309298 bus:SmallEntities 2022-05-01 2023-04-30 5309298 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 5309298 bus:FullAccounts 2022-05-01 2023-04-30 5309298 bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 5309298 bus:RegisteredOffice 2022-05-01 2023-04-30 5309298 bus:Director2 2022-05-01 2023-04-30 5309298 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 5309298 core:FurnitureFittings 2022-05-01 2023-04-30 5309298 core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 5309298 countries:EnglandWales 2022-05-01 2023-04-30 5309298 2022-04-30 5309298 core:FurnitureFittingsToolsEquipment 2022-04-30 5309298 2021-05-01 2022-04-30 5309298 2022-04-30 5309298 core:RetainedEarningsAccumulatedLosses 2022-04-30 5309298 core:ShareCapital 2022-04-30 5309298 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-30 5309298 core:FurnitureFittingsToolsEquipment 2022-04-30 iso4217:GBP xbrli:pure

Registration number: 5309298

Pandor Estates Ltd



Filleted Unaudited Financial Statements

for the Year Ended 30 April 2023

 

Pandor Estates Ltd

(Registration number: 5309298)
Balance Sheet as at 30 April 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,850

7,391

Investment property

5

220,000

220,000

 

226,850

227,391

Current assets

 

Debtors

6

50,465

59,166

Cash at bank and in hand

 

11,694

4,999

 

62,159

64,165

Creditors: Amounts falling due within one year

7

(92,904)

(90,211)

Net current liabilities

 

(30,745)

(26,046)

Net assets

 

196,105

201,345

Capital and reserves

 

Called up share capital

3

3

Profit and loss account

148,794

154,034

Non-distributable reserve

 

47,308

47,308

Total equity

 

196,105

201,345

For the financial year ending 30 April 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 April 2024
 

 

Pandor Estates Ltd

(Registration number: 5309298)
Balance Sheet as at 30 April 2023

.........................................
B D Warfman
Director

 

Pandor Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
43 Northumberland Street
Salford
Greater Manchester
M7 4DQ
United Kingdom

These financial statements were authorised for issue by the director on 17 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Pandor Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value for the provision of services and rents receivable.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture Fittings and Equipment

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Pandor Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Pandor Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2022

29,533

29,533

Additions

665

665

At 30 April 2023

30,198

30,198

Depreciation

At 1 May 2022

22,142

22,142

Charge for the year

1,206

1,206

At 30 April 2023

23,348

23,348

Carrying amount

At 30 April 2023

6,850

6,850

At 30 April 2022

7,391

7,391

5

Investment properties

2023
£

At 1 May 22

220,000

At 30 April 23

220,000

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £172,692.

 

Pandor Estates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2023

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

5,600

Other debtors

50,465

53,566

 

50,465

59,166

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank overdrafts

-

2,001

Taxation and social security

 

493

1,109

Accruals and deferred income

 

2,998

1,720

Other creditors

 

6,000

15,000

Director Current Accounts

 

83,413

70,381

 

92,904

90,211