Acorah Software Products - Accounts Production 16.0.110 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 12401519 Mrs Poonam Chopra Mr Anil Chopra Mr Ramith Abrol iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12401519 2023-01-31 12401519 2024-01-31 12401519 2023-02-01 2024-01-31 12401519 frs-core:CurrentFinancialInstruments 2024-01-31 12401519 frs-core:Non-currentFinancialInstruments 2024-01-31 12401519 frs-core:ShareCapital 2024-01-31 12401519 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 12401519 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12401519 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 12401519 frs-bus:SmallEntities 2023-02-01 2024-01-31 12401519 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12401519 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12401519 frs-bus:Director1 2023-02-01 2024-01-31 12401519 frs-bus:Director2 2023-02-01 2024-01-31 12401519 frs-bus:Director3 2023-02-01 2024-01-31 12401519 frs-countries:EnglandWales 2023-02-01 2024-01-31 12401519 2022-01-31 12401519 2023-01-31 12401519 2022-02-01 2023-01-31 12401519 frs-core:CurrentFinancialInstruments 2023-01-31 12401519 frs-core:Non-currentFinancialInstruments 2023-01-31 12401519 frs-core:ShareCapital 2023-01-31 12401519 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 12401519
Panda Home Developments Limited
Financial Statements
For The Year Ended 31 January 2024
APR Accountancy Services
Shan House
80-86 North Street
Keighley
West Yorkshire
BD21 3AF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12401519
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,168,423 915,128
Debtors 5 4,672 13,406
Cash at bank and in hand 3,528 4,375
1,176,623 932,909
Creditors: Amounts Falling Due Within One Year 6 (1,108,474 ) (842,492 )
NET CURRENT ASSETS (LIABILITIES) 68,149 90,417
TOTAL ASSETS LESS CURRENT LIABILITIES 68,149 90,417
Creditors: Amounts Falling Due After More Than One Year 7 (75,000 ) (100,000 )
NET LIABILITIES (6,851 ) (9,583 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (6,951 ) (9,683 )
SHAREHOLDERS' FUNDS (6,851) (9,583)
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 Ramith Abrol
Director
30/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Panda Home Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12401519 . The registered office is C/o APR Accountancy Services, Shan House, 80-86 North Street, Keighley, West Yorkshire, BD21 3AF.
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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from 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. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Stocks
2024 2023
£ £
Construction work-in-progress 1,168,423 915,128
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 10,392
VAT 4,672 3,014
4,672 13,406
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 13,150 -
Other creditors 53,021 2,500
Accruals and deferred income 353 343
Directors' loan accounts 1,041,950 839,649
1,108,474 842,492
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loans 75,000 100,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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