Registered number
10442635
Panda MFA Limited
Unaudited Filleted Accounts
31 October 2024
Panda MFA Limited
Registered number: 10442635
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1 1
Current assets
Debtors 4 4,075 3,799
Cash at bank and in hand 11,108 8,686
15,183 12,485
Creditors: amounts falling due within one year 5 (8,547) (12,353)
Net current assets 6,636 132
Net assets 6,637 133
Capital and reserves
Called up share capital 102 102
Profit and loss account 6,535 31
Shareholders' funds 6,637 133
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs A Kyriakou
Director
Approved by the board on 27 March 2025
Panda MFA Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales / value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Franchise Fee:
Cost
At 1 November 2023 5,000
At 31 October 2024 5,000
Amortisation
At 1 November 2023 4,999
At 31 October 2024 4,999
Net book value
At 31 October 2024 1
At 31 October 2023 1
Franchise fees are being written off in equal annual instalments over their estimated economic life of 3 years.
4 Debtors 2024 2023
£ £
Trade debtors 4,075 3,385
Other debtors - 414
4,075 3,799
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,768 -
Other creditors 6,779 12,353
8,547 12,353
6 Related party transactions
The company is controlled by the director, Mrs A Kyriakou, by virtue of her shareholding. Mrs Kyriakou has introduced funds to the business on a non-interest paying basis. At 31 October 2024 the company owed £6359 to Mrs Kyriakou (2023: £11993).
7 Other information
Panda MFA Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston
PR2 9WT
Panda MFA Limited 10442635 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2025 Mrs A Kyriakou No description of principal activity 10442635 2022-11-01 2023-10-31 10442635 core:WithinOneYear 2023-10-31 10442635 core:ShareCapital 2023-10-31 10442635 core:RetainedEarningsAccumulatedLosses 2023-10-31 10442635 2023-11-01 2024-10-31 10442635 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10442635 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 10442635 bus:Director40 2023-11-01 2024-10-31 10442635 1 2023-11-01 2024-10-31 10442635 2 2023-11-01 2024-10-31 10442635 countries:England 2023-11-01 2024-10-31 10442635 bus:FRS102 2023-11-01 2024-10-31 10442635 bus:FilletedAccounts 2023-11-01 2024-10-31 10442635 2024-10-31 10442635 core:WithinOneYear 2024-10-31 10442635 core:ShareCapital 2024-10-31 10442635 core:RetainedEarningsAccumulatedLosses 2024-10-31 10442635 core:Goodwill 2024-10-31 10442635 2023-10-31 10442635 core:Goodwill 2023-10-31 iso4217:GBP xbrli:pure