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Company registration number:
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14479158
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Panda Futures Limited
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Balance sheet
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as at 31 October 2024
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31 Oct 24
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31 Oct 23
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£
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£
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Current assets
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554,809
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259,486
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Creditors: amounts falling due within one year
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(2,014)
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(1,145)
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NET ASSETS
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552,795
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258,341
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CAPITAL AND RESERVES
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552,795
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258,341
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Notes
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1
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Company information
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Panda Futures Limited is a private company registered in England and Wales. Its registered number is
14479158. The company is limited by shares. Its registered office is Crossland Grange, Greenways,
Chesterfield, S40 3HF.
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2
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Average number of employees
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During the year the average number of employees was Nil (2023 - Nil).
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3
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Share Capital and Share Premium
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In the previous financial year (ended 31 March 2023), the company issued 1,000 ordinary shares of
£0.10 each to two directors in exchange for 366 ordinary shares in Acoustic Design Technology Ltd, an
unlisted UK company. The transaction was not recorded in the prior year's accounts. In the current year,
it has been recognised at a fair value of £265,350 based on comparable arm's-length sales, of which
£100 has been allocated to share capital and £265,250 to share premium
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4
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Correction of Prior Year Omission
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The share issue and corresponding acquisition of shares in Acoustic Design Technology Ltd occurred in
the year ended 31 March 2023 but were not reflected in the financial statements for that period. The
transaction has been recorded in the current year's accounts. The previously reported £100 director
loan balance has been removed as it related to this transaction. Comparative figures have not been
restated in accordance with FRS 105.
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The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to
small companies for the year ended 31 October 2024.
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The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
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The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to
accounting records and the preparation of financial statements.
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1
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