REGISTERED NUMBER: |
ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
FOR |
PANESKO LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
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 were approved by the director and authorised for issue on |
PANESKO LIMITED (REGISTERED NUMBER: 06854997) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 MARCH 2024 |
1. | STATUTORY INFORMATION |
Panesko Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
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: | £ | £ |
Ordinary | £1 | 100 | 100 |
9. | RESERVES |
Retained |
earnings |
£ |
At 29 March 2023 |
Profit for the year |
At 28 March 2024 |
10. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |