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REGISTERED NUMBER: 13766534 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Pangaea 13 Limited

Pangaea 13 Limited (Registered number: 13766534)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pangaea 13 Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: Mr P F McNicholl





REGISTERED OFFICE: Flat B, 361 North End Road
London
SW6 1NW





REGISTERED NUMBER: 13766534 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Pangaea 13 Limited (Registered number: 13766534)

Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,448 1,007

CURRENT ASSETS
Debtors 5 35,695 28,310
Cash at bank 45,627 14,591
81,322 42,901
CREDITORS
Amounts falling due within one year 6 48,182 30,060
NET CURRENT ASSETS 33,140 12,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,588

13,848

CREDITORS
Amounts falling due after more than one
year

7

(2,083

)

-

PROVISIONS FOR LIABILITIES (275 ) -
NET ASSETS 32,230 13,848

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 32,229 13,847
32,230 13,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

Pangaea 13 Limited (Registered number: 13766534)

Balance Sheet - continued
30 November 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





Mr P F McNicholl - Director


Pangaea 13 Limited (Registered number: 13766534)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Pangaea 13 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Pangaea 13 Limited (Registered number: 13766534)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2023 1,624
Additions 886
At 30 November 2024 2,510
DEPRECIATION
At 1 December 2023 617
Charge for year 445
At 30 November 2024 1,062
NET BOOK VALUE
At 30 November 2024 1,448
At 30 November 2023 1,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£ £
Trade debtors 11,378 9,311
Other debtors 24,317 18,999
35,695 28,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/24 30/11/23
£ £
Bank loans and overdrafts 12,500 -
Trade creditors 10,578 7,881
Taxation and social security 24,804 21,679
Other creditors 300 500
48,182 30,060

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/24 30/11/23
£ £
Bank loans 2,083 -

Pangaea 13 Limited (Registered number: 13766534)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

30/11/24 30/11/23
£ £
Mr P F McNicholl
Balance outstanding at start of year 18,827 -
Amounts advanced 15,988 34,789
Amounts repaid (15,779 ) (15,962 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,036 18,827

Interest has been charged on the above loan at 2.25%