Company registration number: 14479158
Unaudited financial statements
for the year ended 31 October 2024
for
Panda Futures Limited
Pages for filing with the Registrar
Company registration number: 14479158
Panda Futures Limited
Balance sheet
as at 31 October 2024
31 Oct 24 31 Oct 23
£ £
Current assets 554,809 259,486
Creditors: amounts falling due within one year (2,014) (1,145)
NET ASSETS 552,795 258,341
CAPITAL AND RESERVES 552,795 258,341
Notes
1 Company information
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.
2 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
3 Share Capital and Share Premium
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
4 Correction of Prior Year Omission
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.
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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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Company registration number: 14479158
Panda Futures Limited
Balance sheet - continued
as at 31 October 2024
The financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the Board of directors and authorised for issue on 14 July 2025 and signed on its behalf by:
Mr A Lockwood, Director
14 July 2025
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