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Company Registration No. 12575562 (England and Wales)
PANESAR ESTATES LIMITED Dormant Accounts for the year ended 31 January 2025
PANESAR ESTATES LIMITED Dormant Accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PANESAR ESTATES LIMITED Company Information for the year ended 31 January 2025
Director
Manpreet Singh Panesar
Company Number
12575562 (England and Wales)
Registered Office
124 City Road London EC1V 2NX United Kingdom
Accountants
Financial People Ltd 124 City Road London EC1V 2NX
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PANESAR ESTATES LIMITED Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
910,000
910,000
Current assets
Debtors
5
(5,241)
(2,371)
Cash at bank and in hand
42,086
30,270
36,845
27,899
Creditors: amounts falling due within one year
6
(3,022)
(2,646)
Net current assets
33,823
25,253
Total assets less current liabilities
943,823
935,253
Creditors: amounts falling due after more than one year
7
(864,004)
(863,859)
Net assets
79,819
71,394
Capital and reserves
Called up share capital
100
100
Revaluation reserve
97,419
97,419
Profit and loss account
(17,700)
(26,125)
Shareholders' funds
79,819
71,394
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2025 and were signed on its behalf by
Manpreet Singh Panesar Director Company Registration No. 12575562
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PANESAR ESTATES LIMITED Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
PANESAR ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12575562. The registered office is 124 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
n/a
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 February 2024
910,000
At 31 January 2025
910,000
Depreciation
At 31 January 2025
-
Net book value
At 31 January 2025
910,000
At 31 January 2024
910,000
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
(5,241)
(2,371)
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PANESAR ESTATES LIMITED Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
167
-
Loans from directors
1,955
1,746
Accruals
900
900
3,022
2,646
Mortgage secured against property.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
551,906
551,906
Other creditors
312,098
311,953
864,004
863,859
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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