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REGISTERED NUMBER: 01628124 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Panorama Furnishing Mart Limited

Panorama Furnishing Mart Limited (Registered number: 01628124)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Panorama Furnishing Mart Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: RS Rotheram
D Wells
K Kershaw
J Ruksza
M A Challis





REGISTERED OFFICE: 11 Belmont Road
Anfield
Liverpool
Merseyside
L6 5BG





REGISTERED NUMBER: 01628124 (England and Wales)





ACCOUNTANTS: EBA
Ground Floor
Rear Barn
The Brookdale Centre
Knutsford
Cheshire
WA16 0SR

Panorama Furnishing Mart Limited (Registered number: 01628124)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,165,922 1,347,028

CURRENT ASSETS
Stocks 265,000 175,000
Debtors 5 1,420,078 1,478,468
Investments 6 - 549,463
Cash at bank and in hand 1,141,644 382,210
2,826,722 2,585,141
CREDITORS
Amounts falling due within one year 7 1,997,621 1,810,974
NET CURRENT ASSETS 829,101 774,167
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,995,023

2,121,195

CREDITORS
Amounts falling due after more than one
year

8

(13,226

)

(76,513

)

PROVISIONS FOR LIABILITIES (153,192 ) (218,193 )
NET ASSETS 1,828,605 1,826,489

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Capital redemption reserve 200 200
Retained earnings - non distributable 117,263 117,263
Retained earnings 1,710,042 1,707,926
1,828,605 1,826,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Panorama Furnishing Mart Limited (Registered number: 01628124)

Balance Sheet - continued
31 December 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 23 April 2025 and were signed on its behalf by:





RS Rotheram - Director


Panorama Furnishing Mart Limited (Registered number: 01628124)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Panorama Furnishing Mart 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 30% on cost, 25% on reducing balance and 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Panorama Furnishing Mart Limited (Registered number: 01628124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST OR VALUATION
At 1 January 2024 822,896 2,084,135 2,907,031
Additions - 6,199 6,199
Disposals - (60,109 ) (60,109 )
At 31 December 2024 822,896 2,030,225 2,853,121
DEPRECIATION
At 1 January 2024 102,282 1,457,721 1,560,003
Charge for year 5,526 174,373 179,899
Eliminated on disposal - (52,703 ) (52,703 )
At 31 December 2024 107,808 1,579,391 1,687,199
NET BOOK VALUE
At 31 December 2024 715,088 450,834 1,165,922
At 31 December 2023 720,614 626,414 1,347,028

Cost or valuation at 31 December 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£ £ £
Valuation in 2022 93,670 - 93,670
Cost 729,226 2,030,225 2,759,451
822,896 2,030,225 2,853,121

Panorama Furnishing Mart Limited (Registered number: 01628124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£
COST OR VALUATION
At 1 January 2024
and 31 December 2024 266,990
DEPRECIATION
At 1 January 2024 36,248
Charge for year 37,748
At 31 December 2024 73,996
NET BOOK VALUE
At 31 December 2024 192,994
At 31 December 2023 230,742

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 695,530 706,903
Amounts owed by group undertakings 587,258 609,709
Other debtors 137,290 161,856
1,420,078 1,478,468

6. CURRENT ASSET INVESTMENTS
31.12.24 31.12.23
£ £
Listed investments - 549,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Hire purchase contracts 63,286 61,575
Trade creditors 341,973 205,699
Amounts owed to group undertakings 34,152 -
Taxation and social security 370,982 265,953
Other creditors 1,187,228 1,277,747
1,997,621 1,810,974

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£ £
Hire purchase contracts 13,226 76,513

Panorama Furnishing Mart Limited (Registered number: 01628124)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£ £
RS Rotheram
Balance outstanding at start of year - 27,094
Amounts repaid - (27,094 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. ULTIMATE CONTROLLING PARTY

The issued share capital is held by Panorama Kitchens (Holdings) Ltd, a company which is controlled by Panorama Kitchens EOT Trustee Limited.