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REGISTERED NUMBER: 11902219 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pandora's Holdings Ltd

Pandora's Holdings Ltd (Registered number: 11902219)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pandora's Holdings Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D R Ellis





REGISTERED OFFICE: c/o Das Kino
22 Fletcher Gate
Nottingham
Nottinghamshire
NG1 2FZ





REGISTERED NUMBER: 11902219 (England and Wales)





ACCOUNTANTS: Beaumont Chapman Limited
Foxhall Lodge
Foxhall Road
Nottingham
Nottinghamshire
NG7 6LH

Pandora's Holdings Ltd (Registered number: 11902219)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,934,943 1,934,943

CURRENT ASSETS
Debtors 5 10,897 11,065
Cash at bank 9,451 1,977
20,348 13,042
CREDITORS
Amounts falling due within one year 6 174,123 152,417
NET CURRENT LIABILITIES (153,775 ) (139,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,781,168

1,795,568

CREDITORS
Amounts falling due after more than
one year

7

1,540,693

1,620,226
NET ASSETS 240,475 175,342

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 240,471 175,338
240,475 175,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Pandora's Holdings Ltd (Registered number: 11902219)

Balance Sheet - continued
31 March 2024


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 25 September 2024 and were signed by:





D R Ellis - Director


Pandora's Holdings Ltd (Registered number: 11902219)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pandora's Holdings Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 (2023 - NIL).

Pandora's Holdings Ltd (Registered number: 11902219)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,934,943
NET BOOK VALUE
At 31 March 2024 1,934,943
At 31 March 2023 1,934,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,385 858
Other debtors 9,512 10,207
10,897 11,065

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 124,381 124,381
Trade creditors 621 5,254
Taxation and social security 26,281 19,382
Other creditors 22,840 3,400
174,123 152,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 901,479 981,012
Other creditors 639,214 639,214
1,540,693 1,620,226

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 403,954 483,487

Pandora's Holdings Ltd (Registered number: 11902219)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 1,025,860 1,105,393

The bank loan is secured on the investment property.

9. RELATED PARTY DISCLOSURES

A company of whom Mr A Pereira (a shareholder of this company) is a director advanced £193,764 in the period ended 31 March 2020. The balance outstanding at 31 March 2024 is £154,555 (2023: £154,555).

A loan was made from DDC Investments Limited in prior years (a company of whom the director is an indirect shareholder) and the balance outstanding at 31 March 2024 is £484,659 (2023: £484,659).

During the period the company rented a premises to a company of whom the director is a shareholder for £80,000 (2023: £80,000) which is considered open market value and at 31 March 2024 £20,000 had been paid in advance (2023: £nil).

During the year the company purchased goods and services from Audacity Leisure Limited a company in which the directors have a significant influence of £5,712 (2023: £4,500). The amount outstanding at 31 March 2024 is £1,165 (2023: £nil).

During the year the company purchased goods and services from DDC Investments Limited a company in which the directors have a significant influence to the value of £nil (2023: £1,113). The amount outstanding at 31 March 2024 is £nil (2023: £nil).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the shareholders by virtue of their equal shareholdings.