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REGISTERED NUMBER: 06854997 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 MARCH 2024

FOR

PANESKO LIMITED

PANESKO LIMITED (REGISTERED NUMBER: 06854997)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


PANESKO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 MARCH 2024







DIRECTOR: Theodoros Demetrios Demetriou





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





REGISTERED NUMBER: 06854997 (England and Wales)





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

PANESKO LIMITED (REGISTERED NUMBER: 06854997)

ABRIDGED STATEMENT OF FINANCIAL POSITION
28 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 5 737,246 737,246

CURRENT ASSETS
Cash at bank - 23

CREDITORS
Amounts falling due within one year 376,929 339,963
NET CURRENT LIABILITIES (376,929 ) (339,940 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,317

397,306

CREDITORS
Amounts falling due after more than one year 6 256,466 293,714
NET ASSETS 103,851 103,592

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 103,751 103,492
SHAREHOLDERS' FUNDS 103,851 103,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 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.

PANESKO LIMITED (REGISTERED NUMBER: 06854997)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
28 MARCH 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 Statement of Financial Position for the year ended 28 March 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 29 January 2025 and were signed by:





Theodoros Demetrios Demetriou - Director


PANESKO LIMITED (REGISTERED NUMBER: 06854997)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 MARCH 2024


1. STATUTORY INFORMATION

Panesko 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 statement of financial position date.

4. EMPLOYEES AND DIRECTORS

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 29 March 2023
and 28 March 2024 737,246
NET BOOK VALUE
At 28 March 2024 737,246
At 28 March 2023 737,246

PANESKO LIMITED (REGISTERED NUMBER: 06854997)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 111,026 156,818

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 292,826 327,938

A loan was provided on by National Westminster Bank plc ("the Bank") to facilitate the investment of Panesko Limited ("the Company") in the acquisition of the entire issued ordinary share capital of Greenfields Residential Home Care Limited ("Greenfields"), an associated company of the Company.

The loan is secured in favour of the Bank by:
(i) a first legal charge over freehold property 24 Sidney Avenue, Palmers Green, London N13 4UY,
(ii) a mortgage debenture over the assets of the Company,
(iii) a personal guarantee of £265,000 provided by the shareholder of the Company, Mrs D Demetriou, that is supported by a legal mortgage over property 140 Palmerston Road, Palmers Green, London N22 4RB,
(iv) a cross guarantee over the assets between the Company and its subsidiary company, Greenfields.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 29 March 2023 103,492
Profit for the year 259
At 28 March 2024 103,751

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Theodoros Demetrios Demetriou.