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Company No: 12460374 (England and Wales)

PAB INTERNATIONAL LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

PAB INTERNATIONAL LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

PAB INTERNATIONAL LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
PAB INTERNATIONAL LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTOR Iwona Lebiedowicz
REGISTERED OFFICE Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
United Kingdom
COMPANY NUMBER 12460374 (England and Wales)
CHARTERED ACCOUNTANTS Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
PAB INTERNATIONAL LIMITED

STATEMENT OF FINANCIAL POSITION

As at 29 February 2024
PAB INTERNATIONAL LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Investments 4 185 185
185 185
Current assets
Cash at bank and in hand 115 115
115 115
Creditors: amounts falling due within one year ( 1,280) 0
Net current (liabilities)/assets (1,165) 115
Total assets less current liabilities (980) 300
Net (liabilities)/assets ( 980) 300
Capital and reserves
Called-up share capital 5 300 300
Profit and loss account ( 1,280 ) 0
Total shareholder's (deficit)/funds ( 980) 300

PAB International Limited (registered number: 12460374) did not trade during the current financial year. There have been no movements in shareholders’ funds during the current financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The financial statements of PAB International Limited (registered number: 12460374) were approved and authorised for issue by the Director on 22 November 2024. They were signed on its behalf by:

Iwona Lebiedowicz
Director
PAB INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
PAB INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PAB International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House, 27 New Dover Road, Canterbury, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Impairment of assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Income statement

The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Employees

2024 2023
Number Number
The average number of persons employed by the company during the year amounted to: 1 1

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 March 2023 185
At 29 February 2024 185
Carrying value at 29 February 2024 185
Carrying value at 28 February 2023 185

The company owns 100% of the share capital of PAB Languages Centre Limited.

The company owns 85% of the share capital of PAB Communications Limited.

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300

6. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
At the year end the company owed the following amount to a group company: 626 0
PAB INTERNATIONAL LIMITED

DETAILED PROFIT AND LOSS ACCOUNT

For the financial year ended 29 February 2024
PAB INTERNATIONAL LIMITED

DETAILED PROFIT AND LOSS ACCOUNT (continued)

For the financial year ended 29 February 2024
2024 2023
£ £
Administrative expenses
Accountancy fees ( 1,280) 0
Operating loss and loss before taxation ( 1,280) 0