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REGISTERED NUMBER: 09959366 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

PDN Partnership Ltd

PDN Partnership Ltd (Registered number: 09959366)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PDN Partnership Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss P Dewani
Miss D Negrello





REGISTERED OFFICE: Garden Flat
107 Warwick Avenue
London
Middlesex
W9 2PP





REGISTERED NUMBER: 09959366 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

PDN Partnership Ltd (Registered number: 09959366)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,333 11,876
Investments 5 264,556 95,111
274,889 106,987

CURRENT ASSETS
Debtors 6 235 36,327
Cash at bank 704,402 651,765
704,637 688,092
CREDITORS
Amounts falling due within one year 7 52,322 76,039
NET CURRENT ASSETS 652,315 612,053
TOTAL ASSETS LESS CURRENT LIABILITIES 927,204 719,040

PROVISIONS FOR LIABILITIES 2,371 2,256
NET ASSETS 924,833 716,784

CAPITAL AND RESERVES
Called up share capital 8 110 110
Fair value reserve 9 144,555 6,492
Retained earnings 780,168 710,182
SHAREHOLDERS' FUNDS 924,833 716,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2024 and were signed on its behalf by:





Miss P Dewani - Director


PDN Partnership Ltd (Registered number: 09959366)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

PDN Partnership Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Other investments
Unlisted investments are shown at cost.

Investments in freely traded cryptocurrencies are shown at the fair market value at each year-end.

Any gains or losses from the change in valuation are recognised in the profit or loss in the year in which they arise.

Taxable gains or losses only arise on the disposal of the cryptocurrency investments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PDN Partnership Ltd (Registered number: 09959366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 3,888 15,931 9,027 28,846
Additions - - 2,396 2,396
At 31 March 2024 3,888 15,931 11,423 31,242
DEPRECIATION
At 1 April 2023 2,065 8,817 6,088 16,970
Charge for year 456 1,423 2,060 3,939
At 31 March 2024 2,521 10,240 8,148 20,909
NET BOOK VALUE
At 31 March 2024 1,367 5,691 3,275 10,333
At 31 March 2023 1,823 7,114 2,939 11,876

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Other investments not loans 264,556 95,111

Additional information is as follows:
Other
investments
£   
COST
At 1 April 2023 8,618
Disposals (8,618 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 8,618

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investments 86,493 63,105
Investments Other - Additions 40,000 20,000
Investments Other -Revaluation 138,063 3,388
264,556 86,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 36,000
Prepayments 235 327
235 36,327

PDN Partnership Ltd (Registered number: 09959366)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 609
Tax 28,192 26,501
Social security and other taxes 143 161
VAT 8,619 28,763
Directors' current accounts 13,568 18,314
Accruals and deferred income 1,800 1,691
52,322 76,039

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100
10 Ordinary B £1 10 10
110 110

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023 6,492
Assets revalued in period 138,063

At 31 March 2024 144,555

10. ULTIMATE CONTROLLING PARTY

The controlling party is Miss P Dewani.