| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 30 September 2024 |
| for |
| Panda Homes LLP |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| 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 |
| 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 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 were approved by the members of the LLP and authorised for issue on |
| 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 |
| 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 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 October 2023 |
| and 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Other creditors |
| 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). |