PAN LINE LIMITED

Company Registration Number:
01501943 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PAN LINE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PAN LINE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 819,405 828,933
Investments: 4 524,279 644,676
Total fixed assets: 1,343,684 1,473,609
Current assets
Debtors:   90,068 62,212
Cash at bank and in hand: 1,237,554 1,163,143
Total current assets: 1,327,622 1,225,355
Creditors: amounts falling due within one year:   (46,042) (60,476)
Net current assets (liabilities): 1,281,580 1,164,879
Total assets less current liabilities: 2,625,264 2,638,488
Provision for liabilities: (146,870) (146,870)
Total net assets (liabilities): 2,478,394 2,491,618
Capital and reserves
Called up share capital: 10,250 10,250
Revaluation reserve:5626,130626,130
Profit and loss account: 1,842,014 1,855,238
Shareholders funds: 2,478,394 2,491,618

The notes form part of these financial statements

PAN LINE LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: L S Panesar
Status: Director

The notes form part of these financial statements

PAN LINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PAN LINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

PAN LINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 931,829
At 31 December 2023 931,829
Depreciation
At 01 January 2023 102,896
Charge for year 9,528
At 31 December 2023 112,424
Net book value
At 31 December 2023 819,405
At 31 December 2022 828,933

PAN LINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Cost at 1 January 2023 - £644,676 Disposal - ( £120,397 ) At 31 December 2023 - £524,279 Impairment - nil Carrying amount at 31 December 2023 - £524,279

PAN LINE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Revaluation reserve

2023
£
Balance at 01 January 2023 626,130
Surplus or deficit after revaluation 0
Balance at 31 December 2023 626,130