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REGISTERED NUMBER: 05101570 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

U & M Pannu Limited

U & M Pannu Limited (Registered number: 05101570)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


U & M Pannu Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: U S Pannu
R S Pannu
S S Pannu





SECRETARY: M Pannu





REGISTERED OFFICE: 26 Greenriggs Avenue
Gosforth
Newcastle-upon-Tyne
Tyne and Wear
NE3 5QH





REGISTERED NUMBER: 05101570 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

U & M Pannu Limited (Registered number: 05101570)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15 22
Investment property 5 345,000 514,993
345,015 515,015

CURRENT ASSETS
Debtors 6 4,475 6,252
Cash at bank 11,805 16,300
16,280 22,552
CREDITORS
Amounts falling due within one year 7 304,799 446,455
NET CURRENT LIABILITIES (288,519 ) (423,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,496

91,112

PROVISIONS FOR LIABILITIES - 2
NET ASSETS 56,496 91,110

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings
non-distributable (45,893 ) (25,900 )
Retained earnings 102,387 117,008
SHAREHOLDERS' FUNDS 56,496 91,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

U & M Pannu Limited (Registered number: 05101570)

Statement of Financial Position - continued
30 April 2024


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 22 January 2025 and were signed on its behalf by:





S S Pannu - Director


U & M Pannu Limited (Registered number: 05101570)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

U & M Pannu 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.

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 as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis,which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents net rents received, excluding value added tax.

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 - 20% Straight line
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

U & M Pannu Limited (Registered number: 05101570)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,988
DEPRECIATION
At 1 May 2023 1,966
Charge for year 7
At 30 April 2024 1,973
NET BOOK VALUE
At 30 April 2024 15
At 30 April 2023 22

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 514,993
Disposals (150,000 )
Revaluations (19,993 )
At 30 April 2024 345,000
NET BOOK VALUE
At 30 April 2024 345,000
At 30 April 2023 514,993

In the opinion of the directors the cost of the investment property represents its fair value as at 30 April 2024.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 345,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,475 6,252

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,502 3,713
Other creditors 302,297 442,742
304,799 446,455

U & M Pannu Limited (Registered number: 05101570)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

8. ULTIMATE CONTROLLING PARTY

The company was under the control of the directors.