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Registered number: 12089618
Panco Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Optimise Accountants Ltd
Office 15 Bramley House, 2a Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12089618
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
Investments 5 1 1
2 2
CURRENT ASSETS
Debtors 6 437,546 772,971
437,546 772,971
Creditors: Amounts Falling Due Within One Year 7 (342,101 ) (416,832 )
NET CURRENT ASSETS (LIABILITIES) 95,445 356,139
TOTAL ASSETS LESS CURRENT LIABILITIES 95,447 356,141
Creditors: Amounts Falling Due After More Than One Year 8 (300,396 ) (535,348 )
NET LIABILITIES (204,949 ) (179,207 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (204,951 ) (179,209 )
SHAREHOLDERS' FUNDS (204,949) (179,207)
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gianmaria Panini
Director
16/04/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Panco Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12089618 . The registered office is 1 Old Hall Farm Burley Lane, Appleton, Warrington, Cheshire, WA4 4RP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2023 1
As at 31 July 2024 1
Net Book Value
As at 31 July 2024 1
As at 1 August 2023 1
5. Investments
Unlisted
£
Cost
As at 1 August 2023 1
As at 31 July 2024 1
Provision
As at 1 August 2023 -
As at 31 July 2024 -
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 1
As at 1 August 2023 1
The company owns shares in the following companies:
Panco Lettings Limited - £1
6. Debtors
2024 2023
£ £
Due within one year
Company credit card - 77
Amounts owed by subsidiaries 437,546 772,894
437,546 772,971
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 241,101 215,832
Directors' loan accounts 101,000 201,000
342,101 416,832
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 300,396 535,348
9. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary A shares of £ 0.010 each 1 1
100 Ordinary B shares of £ 0.010 each 1 1
2 2
10. Related Party Transactions
At the year end, included within debtors - due within 1 year is an amount of £437,546.20 (2023: £772,893.53) owed by the subsidiary Panco Lettings Limited.
This amount is loaned interest free and is repayable on demand. 
11. Ultimate Parent Undertaking and Controlling Party
The company has no ultimate controlling party due to the share capital of the company being equally split.
Page 4