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REGISTERED NUMBER: 11968661 (England and Wales)









Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Pangea Developments Limited

Pangea Developments Limited (Registered number: 11968661)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Pangea Developments Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D T Newson
J W Suiter





SECRETARY:





REGISTERED OFFICE: 6 Ashwicken Road
Pott Row
King's Lynn
Norfolk
PE32 1BZ





REGISTERED NUMBER: 11968661 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

Pangea Developments Limited (Registered number: 11968661)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 567,247 489,997

CURRENT ASSETS
Cash at bank 15,006 6,990

CREDITORS
Amounts falling due within one year 5 40,811 66,879
NET CURRENT LIABILITIES (25,805 ) (59,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,442

430,108

CREDITORS
Amounts falling due after more than one
year

6

484,218

399,218
NET ASSETS 57,224 30,890

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,124 30,790
SHAREHOLDERS' FUNDS 57,224 30,890

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.

Pangea Developments Limited (Registered number: 11968661)

Balance Sheet - 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 30 January 2025 and were signed on its behalf by:





J W Suiter - Director


Pangea Developments Limited (Registered number: 11968661)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Pangea Developments 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2023 - NIL).

Pangea Developments Limited (Registered number: 11968661)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 May 2023 489,997
Additions 77,250
At 30 April 2024 567,247
NET BOOK VALUE
At 30 April 2024 567,247
At 30 April 2023 489,997

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1 -
Taxation and social security 6,184 6,832
Other creditors 34,626 60,047
40,811 66,879

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 399,218 399,218
Other creditors 85,000 -
484,218 399,218

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is £34,126 (2023 £59,387) owed to the directors by way of cash introduced to the business for the purpose of property acquisition and refurbishment less monies repaid.

Pangea Developments Limited

Report of the Accountants to the Directors of
Pangea Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


30 January 2025