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REGISTERED NUMBER: 10348935 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PANGEA IMPORTS LIMITED

PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


PANGEA IMPORTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mrs K Jordan
Mr G Jordan





REGISTERED OFFICE: Mousehall Tidebrook
Wadhurst
East Sussex
TN5 6PG





REGISTERED NUMBER: 10348935 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 AUGUST 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Agents involved in the sale of a variety of goods.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Mrs K Jordan
Mr G Jordan

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs K Jordan - Director


27 May 2025

PANGEA IMPORTS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
PANGEA IMPORTS LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been
undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 August 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


27 May 2025

PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)

INCOME STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24 31.8.23
£    £   

TURNOVER 424,848 467,471

Cost of sales 242,999 300,422
GROSS PROFIT 181,849 167,049

Administrative expenses 20,055 9,288
OPERATING PROFIT 161,794 157,761

Interest receivable and similar income 290 -
PROFIT BEFORE TAXATION 162,084 157,761

Tax on profit 40,521 33,942
PROFIT FOR THE FINANCIAL YEAR 121,563 123,819

PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Debtors 4 743,080 700,407
Cash at bank and in hand 12,023 9,290
755,103 709,697
CREDITORS
Amounts falling due within one year 5 93,291 169,448
NET CURRENT ASSETS 661,812 540,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

661,812

540,249

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 661,810 540,247
SHAREHOLDERS' FUNDS 661,812 540,249

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

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

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Mrs K Jordan - Director


PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Pangea Imports 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.

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

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Trade debtors 120,816 198,643

Amounts falling due after more than one year:
Other debtors 622,264 501,764

Aggregate amounts 743,080 700,407

PANGEA IMPORTS LIMITED (REGISTERED NUMBER: 10348935)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 12,482 43,949
Corporation tax 40,521 33,942
Director's current account 40,288 91,395
Accruals and deferred income - 162
93,291 169,448

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
2 Ordinary 1 2 2

7. RESERVES
Retained
earnings
£   

At 1 September 2023 540,247
Profit for the year 121,563
At 31 August 2024 661,810

8. RELATED PARTY DISCLOSURES

The company owed £40,289 (2023: £91,395) to the directors, G Jordan and K Jordan. This loan interest free, unsecured and has no fixed terms for repayment.

The company was owed £622,264 (2023: £501,764) from Mousehall Estate Limited in which G Jordan and K Jordan are the directors and fellow shareholders.

The controlling parties are the company directors by virtue of their shareholdings.