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REGISTERED NUMBER: 07652562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

PAN European Networks Limited

PAN European Networks Limited (Registered number: 07652562)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAN European Networks Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G P Warrender





REGISTERED OFFICE: Network House
17 John Bradshaw Court
Congleton
Cheshire
CW12 1LB





REGISTERED NUMBER: 07652562 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse,
5-7 Byrom Street,
Manchester
M3 4PF

PAN European Networks Limited (Registered number: 07652562)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 331,462 326,589

CURRENT ASSETS
Debtors 5 311,266 229,646
Cash at bank - 170,965
311,266 400,611
CREDITORS
Amounts falling due within one year 6 439,518 387,071
NET CURRENT (LIABILITIES)/ASSETS (128,252 ) 13,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,210

340,129

CREDITORS
Amounts falling due after more than one
year

7

(141,646

)

(310,068

)

PROVISIONS FOR LIABILITIES (4,072 ) (1,560 )
NET ASSETS 57,492 28,501

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57,491 28,500
SHAREHOLDERS' FUNDS 57,492 28,501

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

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

The director acknowledges his 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 European Networks Limited (Registered number: 07652562)

Balance Sheet - continued
31 December 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 director and authorised for issue on 28 August 2024 and were signed by:





G P Warrender - Director


PAN European Networks Limited (Registered number: 07652562)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

PAN European Networks Limited is a private company, limited by shares , registered in England and Wales. 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 - 33% on cost
Furniture & fittings - 33% on cost
Office equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 25 ) .

PAN European Networks Limited (Registered number: 07652562)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Furniture Office
property machinery & fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 314,475 2,286 31,625 127,789 476,175
Additions - - 12,029 3,206 15,235
At 31 December 2023 314,475 2,286 43,654 130,995 491,410
DEPRECIATION
At 1 January 2023 - - 29,043 120,543 149,586
Charge for year - 2,286 3,908 4,168 10,362
At 31 December 2023 - 2,286 32,951 124,711 159,948
NET BOOK VALUE
At 31 December 2023 314,475 - 10,703 6,284 331,462
At 31 December 2022 314,475 2,286 2,582 7,246 326,589

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 243,259 173,068
Other debtors 45,389 16,661
Directors' current accounts 13,090 11,750
Prepayments and accrued income 9,528 28,167
311,266 229,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 190,758 114,000
Trade creditors 6,251 5,454
Amounts owed to group undertakings 65,000 10,000
Tax 86,895 140,888
Social security and other taxes 68,219 60,543
Other creditors 2,833 2,554
Accruals and deferred income 19,562 53,632
439,518 387,071

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 141,646 310,068

PAN European Networks Limited (Registered number: 07652562)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 311,343 424,068

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
G P Warrender
Balance outstanding at start of year 11,750 -
Amounts advanced 1,340 11,750
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,090 11,750

10. RELATED PARTY DISCLOSURES

At 31 December 2023 the company owed £65,000 (2022: £10,000) to Adjacent Digital Politics Ltd, a company under common control.
The amount is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the estate of D L Wilson.