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Company Registration No. 12097222 (England and Wales)
Pandica Ltd Unaudited accounts for the year ended 31 July 2024
Pandica Ltd Unaudited accounts Contents
Page
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Pandica Ltd Company Information for the year ended 31 July 2024
Director
Dr V Proutski
Company Number
12097222 (England and Wales)
Registered Office
22 GREAT JAMES STREET LONDON WC1N 3ES ENGLAND
Accountants
Liberate Accountants Ltd 60, St Martins Lane Covent Garden London WC2N 4JS
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Pandica Ltd for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pandica Ltd for the year ended 31 July 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Liberate Accountants Ltd Chartered Certified Accountants 60, St Martins Lane Covent Garden London WC2N 4JS 28 March 2025
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Pandica Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
4,545 
4,545 
Current assets
Debtors
22,306 
8,371 
Cash at bank and in hand
14,593 
3,079 
36,899 
11,450 
Creditors: amounts falling due within one year
(43,650)
(30,741)
Net current liabilities
(6,751)
(19,291)
Net liabilities
(2,206)
(14,746)
Capital and reserves
Called up share capital
116 
116 
Profit and loss account
(2,322)
(14,862)
Shareholders' funds
(2,206)
(14,746)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2025 and were signed on its behalf by
Dr V Proutski Director Company Registration No. 12097222
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Pandica Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Pandica Ltd is a private company, limited by shares, registered in England and Wales, registration number 12097222. The registered office is 22 GREAT JAMES STREET, LONDON, WC1N 3ES, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The company is being supported in the form of interest free loans that are repayable on demand from the directors to cover the costs incurred from the first years of trading and establishing the company in the United Kingdom. This support will continue for the foreseeable future and therefore the directors believe the Company to be a going concern.
Preparation of consolidated statements
The financial statements contain information about Pandica Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
4,545 
Valuation at 31 July 2024
4,545 
The Company owns 100% of share capital of OOO Pandax registered in Russia.
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Pandica Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,063 
- 
Accrued income and prepayments
243 
8,371 
22,306 
8,371 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(3,364)
(9,590)
Trade creditors
24,331 
- 
Loans from directors
19,883 
5,749 
Accruals
2,800 
34,582 
43,650 
30,741 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10,000 Ordinary Equity shares of £0.01 each
100 
100 
1,628 Preference shares of £0.01 each
16.28 
16.28 
116.28 
116.28 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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