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COMPANY REGISTRATION NUMBER: 12357969
PNN Capital UK Co. Limited
Filleted Unaudited Financial Statements
31 December 2024
PNN Capital UK Co. Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
5,303
10,103
Cash at bank and in hand
234
4,848
-------
--------
5,537
14,951
Creditors: amounts falling due within one year
6
24,072
22,186
--------
--------
Net current liabilities
18,535
7,235
--------
-------
Total assets less current liabilities
( 18,535)
( 7,235)
--------
-------
Net liabilities
( 18,535)
( 7,235)
--------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 18,635)
( 7,335)
--------
-------
Shareholders deficit
( 18,535)
( 7,235)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 1 July 2025 , and are signed on behalf of the board by:
Ms D Wairaksat
Director
Company registration number: 12357969
PNN Capital UK Co. Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis. The directors have pledged not to demand repayment of monies due until the future of the company is secure.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Trade debtors
3,600
8,390
Other debtors
1,703
1,713
-------
--------
5,303
10,103
-------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
449
Corporation tax
974
Social security and other taxes
1,654
1,860
Other creditors
21,969
19,352
--------
--------
24,072
22,186
--------
--------
7. Directors' advances, credits and guarantees
At the reporting date, the total amount owed to the directors was £20,521 (2023: £18,032). Directors' loans are interest free and repayable on demand.
8. Controlling party
The controlling party is PNN Capital Co., Ltd. The company is registered in Thailand.