2022-12-312023-12-302023-12-30false08816813ASSET (PANDORA ROAD NW6) 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ASSET (PANDORA ROAD NW6) LTD

Registered Number
08816813
(England and Wales)

Unaudited Financial Statements for the Year ended
30 December 2023

ASSET (PANDORA ROAD NW6) LTD
Company Information
for the year from 31 December 2022 to 30 December 2023

Director

Bikaramjit Dosanjh

Registered Address

Able House
61 Gorst Road
London
NW10 6LS

Registered Number

08816813 (England and Wales)
ASSET (PANDORA ROAD NW6) LTD
Balance Sheet as at
30 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Investments31,0001,000
1,0001,000
Current assets
Debtors524,144524,144
Cash at bank and on hand2,9782,978
527,122527,122
Creditors amounts falling due within one year4(528,224)(528,224)
Net current assets (liabilities)(1,102)(1,102)
Total assets less current liabilities(102)(102)
Net assets(102)(102)
Capital and reserves
Called up share capital1,5631,563
Profit and loss account(1,665)(1,665)
Shareholders' funds(102)(102)
The financial statements were approved and authorised for issue by the Director on 9 September 2024, and are signed on its behalf by:
Bikaramjit Dosanjh
Director
Registered Company No. 08816813
ASSET (PANDORA ROAD NW6) LTD
Notes to the Financial Statements
for the year ended 30 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Judgements and key sources of estimation uncertainty
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
2.Average number of employees

20232022
Average number of employees during the year11
3.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 31 December 221,0001,000
At 30 December 231,0001,000
Net book value
At 30 December 231,0001,000
At 30 December 221,0001,000

Notes

1Investments in group undertakings and participating interests
4.Creditors: amounts due within one year

2023

2022

££
Other creditors527,224527,224
Accrued liabilities and deferred income1,0001,000
Total528,224528,224
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
5.Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.