1 April 2023 false No description of principal activity Taxfiler 2024.6.1 SC715229business:PrivateLimitedCompanyLtd2023-04-012024-03-31 SC7152292023-03-31 SC7152292023-04-012024-03-31 SC715229business:AuditExemptWithAccountantsReport2023-04-012024-03-31 SC715229business:FilletedAccounts2023-04-012024-03-31 SC7152292024-03-31 SC715229business:Director12023-04-012024-03-31 SC715229business:RegisteredOffice2023-04-012024-03-31 SC7152292023-03-31 SC715229core:WithinOneYear2024-03-31 SC715229core:WithinOneYear2023-03-31 SC715229core:AfterOneYear2024-03-31 SC715229core:AfterOneYear2023-03-31 SC715229core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 SC715229core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 SC715229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 SC715229core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 SC715229core:PreviouslyStatedAmount2024-03-31 SC715229core:PreviouslyStatedAmount2023-03-31 SC715229business:SmallEntities2023-04-012024-03-31 SC715229countries:Scotland2023-04-012024-03-31 SC715229core:LandBuildings2023-04-012024-03-31 SC715229core:LandBuildings2023-03-31 SC715229core:LandBuildings2024-03-31 SC7152292022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. SC715229 (Scotland)
HI PAN LTD Unaudited accounts for the year ended 31 March 2024
HI PAN LTD Unaudited accounts Contents
Page
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HI PAN LTD Company Information for the year ended 31 March 2024
Director
Yonglin PAN
Company Number
SC715229 (Scotland)
Registered Office
200 HOPE STREET GLASGOW G2 2UG SCOTLAND
Accountants
Avid Accountants Ltd 21 Blythswood Square Glasgow G2 4BL
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HI PAN LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
276,810 
276,810 
Current assets
Debtors
11,300 
- 
Cash at bank and in hand
26,033 
14,492 
37,333 
14,492 
Creditors: amounts falling due within one year
(12,112)
(1,700)
Net current assets
25,221 
12,792 
Total assets less current liabilities
302,031 
289,602 
Creditors: amounts falling due after more than one year
(260,116)
(263,871)
Net assets
41,915 
25,731 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
41,905 
25,721 
Shareholders' funds
41,915 
25,731 
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 his 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 4 April 2024 and were signed on its behalf by
Yonglin PAN Director Company Registration No. SC715229
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HI PAN LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
HI PAN LTD is a private company, limited by shares, registered in Scotland, registration number SC715229. The registered office is 200 HOPE STREET, GLASGOW, G2 2UG, SCOTLAND.
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.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0%
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 April 2023
276,810 
At 31 March 2024
276,810 
Depreciation
At 31 March 2024
- 
Net book value
At 31 March 2024
276,810 
At 31 March 2023
276,810 
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HI PAN LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
11,300 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,347 
- 
VAT
2,000 
500 
Other creditors
3,765 
- 
Accruals
- 
1,200 
12,112 
1,700 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
175,146 
179,401 
Loans from directors
84,970 
84,470 
260,116 
263,871 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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