Company Registration No. 13285392 (England and Wales)
PAN PROPERTY SOLUTIONS LTD
Amended Unaudited accounts
for the year ended 31 March 2024
PAN PROPERTY SOLUTIONS LTD
Amended Unaudited accounts
Contents
PAN PROPERTY SOLUTIONS LTD
Company Information
for the year ended 31 March 2024
Company Number
13285392 (England and Wales)
Registered Office
7 Bell Yard
LONDON
WC2A 2JR
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
PAN PROPERTY SOLUTIONS LTD
Statement of financial position
as at 31 March 2024
Investment property
188,728
188,728
Cash at bank and in hand
198
891
Creditors: amounts falling due within one year
(78,672)
(75,250)
Net current liabilities
(77,245)
(74,159)
Total assets less current liabilities
111,483
114,569
Creditors: amounts falling due after more than one year
(137,359)
(137,429)
Net liabilities
(25,876)
(22,860)
Called up share capital
1
1
Profit and loss account
(25,877)
(22,861)
Shareholders' funds
(25,876)
(22,860)
For the year ending 31 March 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 October 2024 and were signed on its behalf by
Ning Pan
Director
Company Registration No. 13285392
PAN PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
PAN PROPERTY SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13285392. The registered office is 7 Bell Yard, LONDON, WC2A 2JR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market 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.
Fair value at 1 April 2023
188,728
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
78,313
74,987
PAN PROPERTY SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
137,359
137,429
On 4 May 2022 a standard security over all sums due, or becoming due, from 148 Star Road, Peterborough, was granted to Kensington Mortgage Company Limited.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).