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PANDA DREAM LIMITED

Registered Number
11116156
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

PANDA DREAM LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

NIE, Mengxun
XIONG, Yu

Company Secretary

NIE, Mengxun

Registered Address

15 Riverside Studios Amethyst Road
Newcastle Business Park
Newcastle Upon Tyne
NE4 7YL

Registered Number

11116156 (England and Wales)
PANDA DREAM LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets354,66457,310
54,66457,310
Current assets
Debtors39,23825,117
Current asset investments936601
Cash at bank and on hand10,7105,601
50,88431,319
Creditors amounts falling due within one year(45,868)(13,155)
Net current assets (liabilities)5,01618,164
Total assets less current liabilities59,68075,474
Creditors amounts falling due after one year(99,302)(111,969)
Net assets(39,622)(36,495)
Capital and reserves
Called up share capital22
Profit and loss account(39,624)(36,497)
Shareholders' funds(39,622)(36,495)
The financial statements were approved and authorised for issue by the Board of Directors on 4 June 2025, and are signed on its behalf by:
XIONG, Yu
Director
Registered Company No. 11116156
PANDA DREAM LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-4
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 2463,993
Additions3,083
At 31 December 2467,076
Depreciation and impairment
At 01 January 246,683
Charge for year5,729
At 31 December 2412,412
Net book value
At 31 December 2454,664
At 31 December 2357,310