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REGISTERED NUMBER: 04609256 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

PANTELLI ASSOCIATES LIMITED

PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PANTELLI ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr Andrew Morton





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 04609256 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,907 4,684

CURRENT ASSETS
Debtors 211,523 947,450
Cash at bank and in hand 65,340 43,115
276,863 990,565
CREDITORS
Amounts falling due within one year 227,153 199,771
NET CURRENT ASSETS 49,710 790,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,617

795,478

CREDITORS
Amounts falling due after more than one year 24,921 31,667
NET ASSETS 28,696 763,811

CAPITAL AND RESERVES
Called up share capital 6 5,000 5,000
Retained earnings 23,696 758,811
SHAREHOLDERS' FUNDS 28,696 763,811

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

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

The director acknowledges his 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.

PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

ABRIDGED BALANCE SHEET - continued
31 JANUARY 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 27 December 2024 and were signed by:





Mr Andrew Morton - Director


PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Pantelli Associates Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 25,533
Additions 526
At 31 January 2024 26,059
DEPRECIATION
At 1 February 2023 20,849
Charge for year 1,303
At 31 January 2024 22,152
NET BOOK VALUE
At 31 January 2024 3,907
At 31 January 2023 4,684

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £1 5,000 5,000

7. RELATED PARTY DISCLOSURES

Pantelli Investments Limited
At the balance sheet date, the amount due from Pantelli Investments Limited was £Nil (2023 - £709,904).

Pantelli Investments Limited is a company that was managed and controlled by the previous directors, Mr Andros and Mrs Margarita Pantelli.

Pantelli Consultants Ltd
As at the balance sheet date, the amount due to Pantelli Consultants Ltd was £119,805 (2023 - £116,840).

Pantelli Consultants Ltd is a group company.

Pantelli Group Ltd
As at the balance sheet date, the amount due from Pantelli Group Limited was £107,494 (2023 - £Ni).

Pantelli Group Ltd is the parent company.

PANTELLI ASSOCIATES LIMITED (REGISTERED NUMBER: 04609256)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. ULTIMATE CONTROLLING PARTY

The controlling party is Pantelli Group Ltd.

In April 2023, Pantelli Group Ltd acquired 100% of the issued share capital of the company.