Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 04502462 Mr John Mcgoldrick Mr K Chiu Mrs Claire Mcgoldrick iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04502462 2023-01-31 04502462 2024-01-31 04502462 2023-02-01 2024-01-31 04502462 frs-core:CurrentFinancialInstruments 2024-01-31 04502462 frs-core:Non-currentFinancialInstruments 2024-01-31 04502462 frs-core:BetweenOneFiveYears 2024-01-31 04502462 frs-core:ComputerEquipment 2024-01-31 04502462 frs-core:ComputerEquipment 2023-02-01 2024-01-31 04502462 frs-core:ComputerEquipment 2023-01-31 04502462 frs-core:FurnitureFittings 2024-01-31 04502462 frs-core:FurnitureFittings 2023-02-01 2024-01-31 04502462 frs-core:FurnitureFittings 2023-01-31 04502462 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 04502462 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04502462 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 04502462 frs-core:MotorVehicles 2024-01-31 04502462 frs-core:MotorVehicles 2023-02-01 2024-01-31 04502462 frs-core:MotorVehicles 2023-01-31 04502462 frs-core:WithinOneYear 2024-01-31 04502462 frs-core:ShareCapital 2024-01-31 04502462 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 04502462 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04502462 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 04502462 frs-bus:SmallEntities 2023-02-01 2024-01-31 04502462 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 04502462 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04502462 frs-bus:OrdinaryShareClass1 2023-02-01 2024-01-31 04502462 frs-bus:OrdinaryShareClass1 2024-01-31 04502462 frs-bus:Director1 2023-02-01 2024-01-31 04502462 frs-bus:Director2 2023-02-01 2024-01-31 04502462 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 04502462 frs-core:CurrentFinancialInstruments 1 2024-01-31 04502462 frs-countries:EnglandWales 2023-02-01 2024-01-31 04502462 2022-01-31 04502462 2023-01-31 04502462 2022-02-01 2023-01-31 04502462 frs-core:CurrentFinancialInstruments 2023-01-31 04502462 frs-core:Non-currentFinancialInstruments 2023-01-31 04502462 frs-core:BetweenOneFiveYears 2023-01-31 04502462 frs-core:WithinOneYear 2023-01-31 04502462 frs-core:ShareCapital 2023-01-31 04502462 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 04502462 frs-bus:OrdinaryShareClass1 2022-02-01 2023-01-31 04502462 frs-core:CurrentFinancialInstruments 1 2023-01-31
Registered number: 04502462
Panda Estates Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Knight Bennett & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04502462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 350,808 359,817
350,808 359,817
CURRENT ASSETS
Debtors 5 33,674 36,960
Cash at bank and in hand 2,653 11,162
36,327 48,122
Creditors: Amounts Falling Due Within One Year 6 (83,055 ) (114,953 )
NET CURRENT ASSETS (LIABILITIES) (46,728 ) (66,831 )
TOTAL ASSETS LESS CURRENT LIABILITIES 304,080 292,986
Creditors: Amounts Falling Due After More Than One Year 7 (5,176 ) (2,675 )
NET ASSETS 298,904 290,311
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 298,902 290,309
SHAREHOLDERS' FUNDS 298,904 290,311
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Mcgoldrick
Director
22/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Panda Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04502462 . The registered office is 1 Parsons Croft, Hildersley, Ross-on-Wye, Herefordshire, HR9 5BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
Motor Vehicles 25% on Net Book Value
Fixtures & Fittings 15% on Net Book Value
Computer Equipment 33% on Cost
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 312,183 24,833 254,180 7,176 598,372
As at 31 January 2024 312,183 24,833 254,180 7,176 598,372
Depreciation
As at 1 February 2023 - 6,197 225,182 7,176 238,555
Provided during the period - 4,659 4,350 - 9,009
As at 31 January 2024 - 10,856 229,532 7,176 247,564
Net Book Value
As at 31 January 2024 312,183 13,977 24,648 - 350,808
As at 1 February 2023 312,183 18,636 28,998 - 359,817
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,200 960
Other debtors 6,000 10,000
Other debtors (1) 26,000 26,000
VAT 474 -
33,674 36,960
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 639 639
Trade creditors 3,130 2,964
Corporation tax (270 ) (270 )
VAT - 3,318
Accruals and deferred income 3,000 10,282
Directors' loan accounts 76,556 98,020
83,055 114,953
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 5,176 2,675
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 639 639
Later than one year and not later than five years 5,176 2,675
5,815 3,314
5,815 3,314
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
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