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REGISTERED NUMBER: 11654271 (England and Wales)




















Financial Statements

for the Year Ended 30 November 2024

for

PANDION MANAGEMENT LTD

PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PANDION MANAGEMENT LTD

Company Information
for the Year Ended 30 November 2024







DIRECTORS: C P Lank
Miss F Chew





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 11654271 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 581 -
Investment property 6 270,000 226,245
270,581 226,245

CURRENT ASSETS
Debtors 7 409 612
Cash at bank 47,984 40,943
48,393 41,555
CREDITORS
Amounts falling due within one year 8 (258,052 ) (256,759 )
NET CURRENT LIABILITIES (209,659 ) (215,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,922

11,041

PROVISIONS FOR LIABILITIES (8,314 ) -
NET ASSETS 52,608 11,041

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 52,508 10,941
SHAREHOLDERS' FUNDS 52,608 11,041

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

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

PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)

Balance Sheet - continued
30 November 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 29 January 2025 and were signed on its behalf by:





Miss F Chew - Director


PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)

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

1. STATUTORY INFORMATION

Pandion Management Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Knowhow are being amortised evenly over their estimated useful life of five years.

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 - 25% on cost
Computer equipment - Straight line over 3 years

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.

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 2 (2023 - 2 ) .

PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 11,130
AMORTISATION
At 1 December 2023
and 30 November 2024 11,130
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2023 1,134 - 1,134
Additions - 871 871
At 30 November 2024 1,134 871 2,005
DEPRECIATION
At 1 December 2023 1,134 - 1,134
Charge for year - 290 290
At 30 November 2024 1,134 290 1,424
NET BOOK VALUE
At 30 November 2024 - 581 581
At 30 November 2023 - - -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 226,245
Revaluations 43,755
At 30 November 2024 270,000
NET BOOK VALUE
At 30 November 2024 270,000
At 30 November 2023 226,245

PANDION MANAGEMENT LTD (REGISTERED NUMBER: 11654271)

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

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 43,755
Cost 226,245
270,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors 409 612

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 1,950 -
Taxation and social security 1,319 3,169
Other creditors 254,783 253,590
258,052 256,759

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2023 10,941
Profit for the year 41,567
At 30 November 2024 52,508

Included in reserves is an amount of £35,442 which is not distributable, it relates to the revaluation of the property less the deferred tax.

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.