PANGEA GROUP UK LIMITED

Company Registration Number:
11871341 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PANGEA GROUP UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

PANGEA GROUP UK LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 9,858 7,501
Total fixed assets: 9,858 7,501
Current assets
Debtors:   878,353 541,186
Cash at bank and in hand: 41,069 67,559
Total current assets: 919,422 608,745
Creditors: amounts falling due within one year:   (463,628) (200,303)
Net current assets (liabilities): 455,794 408,442
Total assets less current liabilities: 465,652 415,943
Total net assets (liabilities): 465,652 415,943
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 465,552 415,843
Shareholders funds: 465,652 415,943

The notes form part of these financial statements

PANGEA GROUP UK LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 November 2024
and signed on behalf of the board by:

Name: Marc Baumgartner
Status: Director

The notes form part of these financial statements

PANGEA GROUP UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PANGEA GROUP UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 31 23

PANGEA GROUP UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 9,147
Additions 4,521
At 31 December 2023 13,668
Depreciation
At 01 January 2023 1,646
Charge for year 2,164
At 31 December 2023 3,810
Net book value
At 31 December 2023 9,858
At 31 December 2022 7,501

PANGEA GROUP UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Related party transactions

Name of the related party: Pangea Inc SA
Relationship:
Common Shareholder
Description of the Transaction: Sale of Services £7,055,068 (2023) £4,380,916 (2022) Pangea Inc. SA, a company registered in Switzerland, and Pangea Group UK Limited are 100% subsidiaries of Pangea Effect Teoranta. During the year Pangea Group UK Limited sold services to Pangea Inc SA and there was an amount owing totalling £878, 104 (2022: £536,553) at the year end.
£
Balance at 01 January 2023 536,553
Balance at 31 December 2023 878,104
Name of the related party: Pangea Effect Teoranta
Relationship:
Parent Company
Description of the Transaction: Pangea Effect Teoranta paid for expenses on behalf of Pangea Group UK Ltd in prior years totalling £1600. The company regards Pangea Effect Teoranta, registered at Main Street, Dungloe, Co. Donegal, Ireland as its parent company.
£
Balance at 01 January 2023 1,600
Balance at 31 December 2023 1,600