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REGISTERED NUMBER: 09764702 (England and Wales)















Panaser Global Limited

Unaudited Financial Statements for the Year Ended 31 December 2023






Panaser Global Limited (Registered number: 09764702)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Panaser Global Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss P Panaser





REGISTERED OFFICE: 5 London Road
Rainham
Gillingham
Kent
ME8 7RG





BUSINESS ADDRESS: 52 Monsal Road
Great Barr
Birmingham
West Midlands
B42 2DH





REGISTERED NUMBER: 09764702 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Panaser Global Limited (Registered number: 09764702)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,327 5,063
Investment property 5 2,461,453 2,461,453
2,463,780 2,466,516

CURRENT ASSETS
Debtors 6 17,214 1,066
Cash at bank 319,844 368,170
337,058 369,236
CREDITORS
Amounts falling due within one year 7 76,970 72,366
NET CURRENT ASSETS 260,088 296,870
TOTAL ASSETS LESS CURRENT LIABILITIES 2,723,868 2,763,386

CREDITORS
Amounts falling due after more than one
year

8

(1,465,225

)

(1,472,125

)

PROVISIONS FOR LIABILITIES (233,342 ) (233,342 )
NET ASSETS 1,025,301 1,057,919

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 1,025,145 1,025,145
Retained earnings 56 32,674
SHAREHOLDERS' FUNDS 1,025,301 1,057,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Panaser Global Limited (Registered number: 09764702)

Statement of Financial Position - continued
31 December 2023


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 director and authorised for issue on 28 January 2025 and were signed by:





Miss P Panaser - Director


Panaser Global Limited (Registered number: 09764702)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Panaser Global 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared adopting the going concern principle despite the business making losses in 2022 and 2023. The company has in excess of £300k in the bank. This suggests that the company has sufficient funds to run its business operations.

On this basis the director considers it appropriate to prepare the financial statements on going concern basis.

Income recognition
Income is measured at the fair value of consideration received or receivable from rents on a monthly basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. Basic financial instruments are recognised at amortised 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.

Government grants
Government grants in relation to COVID-19 are recognised on the accruals basis and credited to the Income Statement and any related expenditure is charged to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Panaser Global Limited (Registered number: 09764702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 9,689
DEPRECIATION
At 1 January 2023 4,626
Charge for year 2,736
At 31 December 2023 7,362
NET BOOK VALUE
At 31 December 2023 2,327
At 31 December 2022 5,063

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,461,453
NET BOOK VALUE
At 31 December 2023 2,461,453
At 31 December 2022 2,461,453

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 17,214 1,066

7. CREDITORS LESS THAN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,286 62,753
Taxation and social security 4,464 202
Other creditors 9,220 9,411
76,970 72,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 1,465,225 1,472,125

Panaser Global Limited (Registered number: 09764702)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,500,000 1,500,000

The bank loans are secured by a first legal charge over the properties and also a debenture guarantee by the company.