Company Registration No. 12838494 (England and Wales)
PAGODA GROUP LIMITED
Unaudited accounts
for the year ended 31 March 2024
PAGODA GROUP LIMITED
Unaudited accounts
Contents
PAGODA GROUP LIMITED
Company Information
for the year ended 31 March 2024
Directors
Jason Vicente
Charalambos Palas
Johannes Lermann
Company Number
12838494 (England and Wales)
Registered Office
UNIT 35, IO CENTRE
ARMSTRONG ROAD
LONDON
SE18 6RS
ENGLAND
Accountants
AW Accountancy & Bookkeeping
Kingfisher House
21-23 Elmfield Road
Bromley
BR1 1LT
PAGODA GROUP LIMITED
Statement of financial position
as at 31 March 2024
Investments
2,708,624
2,708,624
Cash at bank and in hand
8,289
11,681
Creditors: amounts falling due within one year
(1,028,544)
(1,070,029)
Net current liabilities
(922,556)
(960,649)
Total assets less current liabilities
1,786,068
1,747,975
Creditors: amounts falling due after more than one year
(741,651)
(1,063,600)
Net assets
1,044,417
684,375
Called up share capital
100
100
Share premium
866,566
866,566
Capital contribution reserve
500,000
-
Profit and loss account
(322,249)
(182,291)
Shareholders' funds
1,044,417
684,375
For the year ending 31 March 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 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 of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by
Johannes Lermann
Director
Company Registration No. 12838494
PAGODA GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
PAGODA GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12838494. The registered office is UNIT 35, IO CENTRE, ARMSTRONG ROAD, LONDON, SE18 6RS, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investments
Subsidiary undertakings
Valuation at 1 April 2023
2,708,624
Valuation at 31 March 2024
2,708,624
Amounts falling due within one year
Amounts due from group undertakings etc.
97,699
97,699
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
156,800
Amounts owed to group undertakings and other participating interests
1,028,744
912,938
PAGODA GROUP LIMITED
Notes to the Accounts
for the year ended 31 March 2024
7
Creditors: amounts falling due after more than one year
2024
2023
£741,651 loan from Boostbar AG.
Allotted, called up and fully paid:
600 Ordinary A shares of £0.10 each
60
60
400 Ordinary B shares of £0.10 each
40
40
9
Transactions with related parties
All related party transactions during the and prior period, including key management personnel
compensation, were made under normal market conditions.
The ultimate controlling party is Mr Pascal Uffer, by virtue of his majority shareholding held through the company, Boostbar AG.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).