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REGISTERED NUMBER: 11550086 (England and Wales)















Pfam21 Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024






Pfam21 Ltd (Registered number: 11550086)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pfam21 Ltd

Company Information
for the year ended 30 September 2024







Director: F M A Pettinga





Secretary: F M A Pettinga





Registered office: 71-75 Shelton Street
London
WC2H 9JQ





Registered number: 11550086 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Pfam21 Ltd (Registered number: 11550086)

Balance Sheet
30 September 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,270 4,129
Investment property 5 1,250,000 1,250,000
1,252,270 1,254,129

Current assets
Debtors 6 40,843 40,243
Cash at bank 5,059 10,390
45,902 50,633
Creditors
Amounts falling due within one year 7 1,279,496 1,320,979
Net current liabilities (1,233,594 ) (1,270,346 )
Total assets less current liabilities 18,676 (16,217 )

Capital and reserves
Called up share capital 8 1 1
Fair value reserve (175,962 ) (175,962 )
Retained earnings 194,637 159,744
Shareholders' funds 18,676 (16,217 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 director and authorised for issue on 16 June 2025 and were signed by:





F M A Pettinga - Director


Pfam21 Ltd (Registered number: 11550086)

Notes to the Financial Statements
for the year ended 30 September 2024


1. Statutory information

Pfam21 Ltd 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 comprises revenue recognised by the company in respect of rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Investment property
Investment properties are included in the Balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

Going concern
The company meets its day to day working capital requirements through the support of the directors and shareholders of the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 October 2023
and 30 September 2024 27,733
Depreciation
At 1 October 2023 23,604
Charge for year 1,859
At 30 September 2024 25,463
Net book value
At 30 September 2024 2,270
At 30 September 2023 4,129

Pfam21 Ltd (Registered number: 11550086)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


5. Investment property
Total
£
Fair value
At 1 October 2023
and 30 September 2024 1,250,000
Net book value
At 30 September 2024 1,250,000
At 30 September 2023 1,250,000

The investment property has been valued by the director based on local property values.

Fair value at 30 September 2024 is represented by:
£
Valuation in 2023 (217,237 )
Cost 1,467,237
1,250,000

6. Debtors: amounts falling due within one year
2024 2023
£ £
Other debtors 40,843 40,243

7. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 8,479 7,152
Other creditors 1,271,017 1,313,827
1,279,496 1,320,979

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

9. Related party disclosures

Included in other creditors is £1,247,474 (2023 - £1,301,724) owed to the director this loan is interest free.