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REGISTERED NUMBER: OC349068 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Panda Homes LLP

Panda Homes LLP (Registered number: OC349068)






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




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Panda Homes LLP

General Information
for the year ended 30 September 2024







DESIGNATED MEMBERS: Mrs A Dugdale Wiklund
E S Dugdale
Miss M T Wiklund Dugdale
New Foundations Housing Association Limited





REGISTERED OFFICE: Tickwood Hall
Wyke
Much Wenlock
Shropshire
TF13 6NZ





REGISTERED NUMBER: OC349068 (England and Wales)





ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

Panda Homes LLP (Registered number: OC349068)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 580,000 580,000

CURRENT ASSETS
Cash at bank 81,934 80,512

CREDITORS
Amounts falling due within one year 5 5,061 4,547
NET CURRENT ASSETS 76,873 75,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

656,873

655,965

CREDITORS
Amounts falling due after more than
one year

6

72,415

72,415
NET ASSETS ATTRIBUTABLE TO
MEMBERS

584,458

583,550

LOANS AND OTHER DEBTS DUE TO
MEMBERS

7

289,214

288,306

MEMBERS' OTHER INTERESTS
Fair value reserve 295,244 295,244
584,458 583,550

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 7 289,214 288,306
Members' other interests 295,244 295,244
584,458 583,550

Panda Homes LLP (Registered number: OC349068)

Statement of Financial Position - continued
30 September 2024


The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 September 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 2 June 2025 and were signed by:





Mrs A Dugdale Wiklund - Designated member

Panda Homes LLP (Registered number: OC349068)

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

1. STATUTORY INFORMATION

Panda Homes LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The LLP has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 580,000
NET BOOK VALUE
At 30 September 2024 580,000
At 30 September 2023 580,000

Panda Homes LLP (Registered number: OC349068)

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

4. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2016 284,756
Valuation in 2017 82,318
Valuation in 2018 212,926
580,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 284,756 284,756

Investment property was valued on an open market basis on 30 September 2024 by the members .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 5,061 4,547

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 72,415 72,415

7. LOANS AND OTHER DEBTS DUE TO MEMBERS
2024 2023
£    £   
Amounts owed to members in respect of profits 289,214 288,306

Falling due within one year 289,214 288,306

All amounts due to members that are classified as liabilities are presented in the Balance Sheet within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Balance Sheet within 'Members' other interests'.

Panda Homes LLP (Registered number: OC349068)

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

8. RELATED PARTY DISCLOSURES

E S Dugdale, a member of Panda Homes LLP, is a director of Partnership Homes Development Limited, a limited company.
Included in creditors is a loan from Partnership Homes Development Limited. At the balance sheet date the amount due to Partnership Homes Development Limited was £72,415 (2023 - £72,415).