Registered number: 00716254 | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
Prepared By: | ||||||||
Munro's | ||||||||
Chartered Accountants | ||||||||
1341 High Road | ||||||||
Whetstone | ||||||||
London | ||||||||
N20 9HR |
Panya Property & Investment Co. Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
London | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 00716254 | ||||||||
ACCOUNTANTS | ||||||||
Munro's | ||||||||
Chartered Accountants | ||||||||
1341 High Road | ||||||||
Whetstone | ||||||||
London | ||||||||
N20 9HR |
Panya Property & Investment Co. Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31 DECEMBER 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Panya Property & Investment Co. Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
1,285,447 | 2,219,669 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 1,496,967 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Revaluation reserve | 1c,9 | 386,252 | 386,252 | |||||||
Other reserves | 10 | 210 | 210 | |||||||
Profit and loss account | 2,375,777 | 2,389,162 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Panya Property & Investment Co. Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at fair value. Gains are recognised in the income statement, Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 1 | |||||
3. TANGIBLE FIXED ASSETS |
Cost |
At 31 December 2023 |
Depreciation |
At 31 December 2023 |
Net Book Amounts |
At 31 December 2023 |
Panya Property & Investment Co. Limited | ||||||||
4. INVESTMENT PROPERTIES | ||||
Investment | ||||
Properties | Total | |||
£ | £ | |||
Fair value | ||||
At 1 January 2023 | 1,352,095 | 1,352,095 | ||
Additions | 596,701 | 596,701 | ||
At 31 December 2023 | 1,948,796 | 1,948,796 | ||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Prepayments | 1,521 | 578 | ||||||
1,521 | 578 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 6,988 | 352,758 | ||||||
Directors current account | 360,876 | 365,564 | ||||||
Accruals | 7,527 | 4,380 | ||||||
375,391 | 722,702 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 96,563 | 73,388 | ||||||
96,563 | 73,388 | |||||||
Panya Property & Investment Co. Limited | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
50 | 50 | |||||||
50 | 50 | |||||||
9. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 386,252 | 386,252 | ||||||
386,252 | 386,252 | |||||||
10. OTHER RESERVES | 2023 | 2022 | ||||
£ | £ | |||||
Reserves | 210 | 210 | ||||
210 | 210 | |||||