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REGISTERED NUMBER: 05153937















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PAN DEVELOPMENTS LIMITED

PAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05153937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAN DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: P Catherall
J Catherall





SECRETARY: J Catherall





REGISTERED OFFICE: The Old Bakery,
35 High Street,
Bassingbourn
Royston
Cambridgeshire
SG8 5NE





REGISTERED NUMBER: 05153937





ACCOUNTANTS: Liric Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

PAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05153937)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 7,900 4,048

CURRENT ASSETS
Stocks 61,500 60,000
Debtors 5 6,808 5,570
Cash at bank and in hand 9,435 4,619
77,743 70,189
CREDITORS
Amounts falling due within one year 6 100,807 85,004
NET CURRENT LIABILITIES (23,064 ) (14,815 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,164

)

(10,767

)

CREDITORS
Amounts falling due after more than one
year

7

5,334

8,534
NET LIABILITIES (20,498 ) (19,301 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,598 ) (19,401 )
(20,498 ) (19,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05153937)

BALANCE SHEET - continued
31 OCTOBER 2023


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 25 July 2024 and were signed on its behalf by:





P Catherall - Director


PAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05153937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Pan Developments Limited is a private company, limited by shares , registered in Not specified/Other. 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

PAN DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05153937)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 November 2022 3,170 20,132 23,302
Additions - 7,496 7,496
Disposals - (3,124 ) (3,124 )
At 31 October 2023 3,170 24,504 27,674
DEPRECIATION
At 1 November 2022 3,170 16,084 19,254
Charge for year - 2,178 2,178
Eliminated on disposal - (1,658 ) (1,658 )
At 31 October 2023 3,170 16,604 19,774
NET BOOK VALUE
At 31 October 2023 - 7,900 7,900
At 31 October 2022 - 4,048 4,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 6,808 5,570

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 8,771 3,330
Trade creditors 18,786 13,124
Other creditors 73,250 68,550
100,807 85,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 5,334 8,534