CRANBERRY PANDA 2.0 LIMITED


Directors	BAILEY, Curtis Robinson
	MIRSAMADI, Yasha
	SIMPSON, Shayne Liam


Registered Address	1 Vincent Avenue
	Crownhill
	Milton Keynes
	MK8 0AB


Registered Number	13556934 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		-		1,087
			-		1,087
Current assets
Debtors	4	354,930		165,187
Cash at bank and on hand		22,122		44,218
		377,052		209,405
Creditors amounts falling due within one year	5	(435,033)		(169,293)
Net current assets (liabilities)			(57,981)		40,112
Total assets less current liabilities			(57,981)		41,199
Provisions for liabilities	7		-		(1,156)
Net assets			(57,981)		40,043
Capital and reserves
Called up share capital			100		100
Profit and loss account			(58,081)		39,943
Shareholders' funds			(57,981)		40,043

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2025, and are signed on its behalf by:

BAILEY, Curtis Robinson
Director
Registered Company No. 13556934

CRANBERRY PANDA 2.0 LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

2.	Average number of employees


		2024		2023
	Average number of employees during the year	4		8

3.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 January 24	-	5,443	5,443
At 31 December 24	-	5,443	5,443
Depreciation and impairment
At 01 January 24	-	4,356	4,356
Charge for year	1,087	-	1,087
At 31 December 24	1,087	4,356	5,443
Net book value
At 31 December 24	(1,087)	1,087	-
At 31 December 23	-	1,087	1,087

4.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	96,777	128,280
Amounts owed by group undertakings	252,343	-
Amounts owed by associates and joint ventures / participating interests	210	11,490
Other debtors	-	25,417
Prepayments and accrued income	5,600	-
Total	354,930	165,187

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	600	7,234
Bank borrowings and overdrafts	24,061	19,852
Amounts owed to related parties	300,833	25,471
Taxation and social security	96,321	97,326
Other creditors	-	612
Accrued liabilities and deferred income	13,218	18,798
Total	435,033	169,293

6.	Creditors: amounts due after one year

7.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	-	1,156
Total	-	1,156

8.	Related party transactions
	Included within Debtors is an amount of £252,343 (2023: £nil) owed by TechNet IT Recruitment Limited, a group company in which C Bailey and S Simpson are directors. Also included within Debtors is an amount of £100 (2023: £nil) owed by Ascent International Group Limited, parent of this company. Included within Creditors is an amount of £300,833 (2023: £25,471) owed to TechNet IT Recruitment Limited, a group company in which C Bailey and S Simpson are directors. During the year the company provided services to TechNet IT Recruitment Limited included within Expenses totalling £nil (2023: £122,740), a group company in which C Bailey and S Simpson are directors. During the year the company received services from TechNet IT Recruitment Limited included within Expenses totalling £150,565 (2023: £21,000), a group company in which C Bailey and S Simpson are directors.

Related party transactions

Included within Debtors is an amount of £252,343 (2023: £nil) owed by TechNet IT Recruitment Limited, a group company in which C Bailey and S Simpson are directors.

Also included within Debtors is an amount of £100 (2023: £nil) owed by Ascent International Group Limited, parent of this company.

Included within Creditors is an amount of £300,833 (2023: £25,471) owed to TechNet IT Recruitment Limited, a group company in which C Bailey and S Simpson are directors.

During the year the company provided services to TechNet IT Recruitment Limited included within Expenses totalling £nil (2023: £122,740), a group company in which C Bailey and S Simpson are directors.

During the year the company received services from TechNet IT Recruitment Limited included within Expenses totalling £150,565 (2023: £21,000), a group company in which C Bailey and S Simpson are directors.