Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312024-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC530674 2024-04-01 2025-03-31 SC530674 2023-04-01 2024-03-31 SC530674 2025-03-31 SC530674 2024-03-31 SC530674 c:CompanySecretary1 2024-04-01 2025-03-31 SC530674 c:Director1 2024-04-01 2025-03-31 SC530674 c:Director2 2024-04-01 2025-03-31 SC530674 c:Director3 2024-04-01 2025-03-31 SC530674 c:RegisteredOffice 2024-04-01 2025-03-31 SC530674 d:FreeholdInvestmentProperty 2025-03-31 SC530674 d:FreeholdInvestmentProperty 2024-03-31 SC530674 d:CurrentFinancialInstruments 2025-03-31 SC530674 d:CurrentFinancialInstruments 2024-03-31 SC530674 d:Non-currentFinancialInstruments 2025-03-31 SC530674 d:Non-currentFinancialInstruments 2024-03-31 SC530674 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC530674 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 SC530674 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC530674 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 SC530674 d:ShareCapital 2025-03-31 SC530674 d:ShareCapital 2024-03-31 SC530674 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC530674 d:RetainedEarningsAccumulatedLosses 2024-03-31 SC530674 c:OrdinaryShareClass2 2024-04-01 2025-03-31 SC530674 c:OrdinaryShareClass2 2025-03-31 SC530674 c:OrdinaryShareClass2 2024-03-31 SC530674 c:OrdinaryShareClass3 2024-04-01 2025-03-31 SC530674 c:OrdinaryShareClass3 2025-03-31 SC530674 c:OrdinaryShareClass3 2024-03-31 SC530674 c:OrdinaryShareClass4 2024-04-01 2025-03-31 SC530674 c:OrdinaryShareClass4 2025-03-31 SC530674 c:OrdinaryShareClass4 2024-03-31 SC530674 c:FRS102 2024-04-01 2025-03-31 SC530674 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 SC530674 c:FullAccounts 2024-04-01 2025-03-31 SC530674 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 SC530674 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC530674










PAN PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

 
PAN PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mr A Baxter 
Mr P Carmichael 
Mr N Cameron 




Company secretary
Mr P Carmichael



Registered number
SC530674



Registered office
6 Eden Valley Business Park

Cupar

Fife

KY15 4RB





 
PAN PROPERTIES LIMITED
REGISTERED NUMBER: SC530674

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
£
£

Fixed assets
  

Investment property
 4 
400,000
400,000

  
400,000
400,000

Current assets
  

Debtors: amounts falling due within one year
 5 
1,203
-

Cash at bank and in hand
  
18,562
896

  
19,765
896

Creditors: amounts falling due within one year
 6 
(201,412)
(101,048)

Net current liabilities
  
 
 
(181,647)
 
 
(100,152)

Total assets less current liabilities
  
218,353
299,848

Creditors: amounts falling due after more than one year
 7 
-
(105,800)

Provisions for liabilities
  

Deferred tax
  
(30,228)
(30,228)

  
 
 
(30,228)
 
 
(30,228)

Net assets
  
188,125
163,820


Capital and reserves
  

Called up share capital 
 8 
15
15

Profit and loss account
  
188,110
163,805

  
188,125
163,820


Page 1

 
PAN PROPERTIES LIMITED
REGISTERED NUMBER: SC530674

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 





Mr N Cameron
Director

Date: 15 July 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
PAN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Pan Properties Limited is a private company, limited by shares and incorporated in Scotland under registration number SC530674. The address of the registered office is 6 Eden Valley Business Park, Cupar, Fife, KY15 4RB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover is represented by rents receivable in the period and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 3

 
PAN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

  
2.5

Investment property

Investment property is carried at fair value determined annually by the directors or by RICS registered surveyors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2024 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
400,000



At 31 March 2025
400,000

The 2024 valuation were made by Graham + Sibbald LLP, RICS registered surveyors on an open market value for existing use basis. 




Page 4

 
PAN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

5.


Debtors

2025
2024
£
£


Prepayments and accrued income
1,203
-

1,203
-



6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
3,141
246

Accruals and deferred income
1,250
2,413

Other taxation and social security
8,543
3,959

Other creditors
188,478
87,930

Bank loans
-
6,500

201,412
101,048



7.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Bank loans
-
105,800

-
105,800


The following liabilities were secured:

2025
2024
£
£



Bank loans
-
112,300


Details of security provided:

The company granted a standard security in favour of the Santander PLC over the all and whole area of ground at Eden Valley Business Park, East Road, Cupar, Fife, KY15 4RB and warehouse premises and others erected thereon being the subjects registered in the land register of scotland under title number FFE96711.
The company granted a floating charge in favour of the Santander PLC over the all its property, undertaking, assets, right owned now and in the future.

Page 5

 
PAN PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

8.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



5 (2024 - 5) A Ordinary shares of £1.00 each
5
5
5 (2024 - 5) B Ordinary shares of £1.00 each
5
5
5 (2024 - 5) C Ordinary shares of £1.00 each
5
5

15

15



Page 6