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REGISTERED NUMBER: 04438027 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Pandriks U.K. Ltd

Pandriks U.K. Ltd (Registered number: 04438027)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Pandriks U.K. Ltd

Company Information
for the year ended 31 December 2023







DIRECTOR: P J S Van Den Berg





REGISTERED OFFICE: Estate House
144 Evesham Street
Redditch
Worcestershire
B97 4HP





REGISTERED NUMBER: 04438027 (England and Wales)





AUDITORS: Derek Young & Co Accountants LLP
Statutory Auditors
Chartered Accountants
Estate House
Evesham Street
Redditch
Worcestershire
B97 4HP

Pandriks U.K. Ltd (Registered number: 04438027)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 52,248 10,071
Debtors 629,070 310,143
Cash at bank 82,928 69,226
764,246 389,440
CREDITORS
Amounts falling due within one year 909,051 672,269
NET CURRENT LIABILITIES (144,805 ) (282,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(144,805

)

(282,829

)

CAPITAL AND RESERVES
Called up share capital 4 51 51
Retained earnings (144,856 ) (282,880 )
SHAREHOLDERS' FUNDS (144,805 ) (282,829 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2024 and were signed by:





P J S Van Den Berg - Director


Pandriks U.K. Ltd (Registered number: 04438027)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Pandriks U.K. 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.

Significant judgements and estimates
There are no significant judgements or estimates involved in the preparation of these financial statements.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover represents amounts derived from the provision of goods and services falling within the company's ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Finance costs
Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Pandriks U.K. Ltd (Registered number: 04438027)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

• the requirement of Section 33 Related Party Disclosures paragraph 33.8.

Going concern
The company enjoys the financial support of its parent company which has the resources to ensure that it is able to continue to trade for the foreseeable future. There are also plans in place to further improve the company's performance going forwards.

For these reasons the director considers it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
51 Ordinary 1 51 51

5. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Young BSc FCA (Senior Statutory Auditor)
for and on behalf of Derek Young & Co Accountants LLP

6. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of the company is Pandriks Holdings B.V. (incorporated in the Netherlands). This company owns 100% of the issued share capital of Pandriks U.K. Ltd.

Copies of the parent company's financial statements can be obtained from Pandriks Bake Off B.V., Mandeveld 8, 7942 KE Meppel, The Netherlands.

The director does not believe there to be a single controlling party.