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REGISTERED NUMBER: SC386342 (Scotland)




















Panda Equity Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






Panda Equity Limited (Registered number: SC386342)






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


Panda Equity Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R A Brandon
J K Brandon
H E Brandon



REGISTERED OFFICE: 15-17 Oliver Crescent
Hawick
Scottish Borders
TD9 9BJ



REGISTERED NUMBER: SC386342 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: Santander UK plc
Bootle
Merseyside
L30 4GB

Panda Equity Limited (Registered number: SC386342)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 3 3

CURRENT ASSETS
Debtors 5 346,994 365,994
Cash at bank 3,762 2,734
350,756 368,728
CREDITORS
Amounts falling due within one year 6 969 899
NET CURRENT ASSETS 349,787 367,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,790

367,832

CREDITORS
Amounts falling due after more than
one year

7

59,000

72,000
NET ASSETS 290,790 295,832

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 290,787 295,829
SHAREHOLDERS' FUNDS 290,790 295,832

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.

Panda Equity Limited (Registered number: SC386342)

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 20 May 2025 and were signed on its behalf by:





H E Brandon - Director


Panda Equity Limited (Registered number: SC386342)

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

1. STATUTORY INFORMATION

Panda Equity Limited is a private company, limited by shares , registered in Scotland. 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Fixed asset investments
Fixed asset investments are included at the lower of cost and net realisable value.

Panda Equity Limited (Registered number: SC386342)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2024
and 31 December 2024 3
NET BOOK VALUE
At 31 December 2024 3
At 31 December 2023 3

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors - 19,000

Amounts falling due after more than one year:
Other debtors 346,994 346,994

Aggregate amounts 346,994 365,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 969 899

Panda Equity Limited (Registered number: SC386342)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 59,000 72,000

Included within other creditors is a balance of £59,000 (2023: £72,000) owed to the directors.