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Registered number: 06908839
PAC Corporate Ltd
Financial Statements
For The Year Ended 31 December 2024
PAC Corporate Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—8

Page 1
PAC Corporate Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 06908839

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 138 |  | 275
|  |  | 138 |  | 275
CURRENT ASSETS
Stocks | 6 | 16,505 |  | 18,829 |
Debtors | 7 | 56,579 |  | 39,777 |
Cash at bank and in hand |  | 12,647 |  | 10,254 |
|  | 85,731 |  | 68,860 |
Creditors: Amounts Falling Due Within One Year | 8 | (85,102 ) |  | (68,435 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 629 |  | 425
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 767 |  | 700
NET ASSETS |  |  | 767 |  | 700
CAPITAL AND RESERVES
Called up share capital | 9 |  | 601 |  | 601
Profit and Loss Account |  |  | 166 |  | 99
SHAREHOLDERS' FUNDS |  |  | 767 |  | 700

Page 1
Page 2
PAC Corporate Ltd
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr P R Hoole Director | Mrs A Lake-Hoole Director
15 September 2025

The notes on pages 3 to 8 form part of these financial statements.
Page 2
Page 3
PAC Corporate Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
PAC Corporate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06908839 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The Company's principal activity continues to be that of the purchase and resale of health foods and related products.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 25% straight line

2.5. Stocks and Work in Progress
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
2.6. Cash and Cash Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Page 3
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PAC Corporate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Financial Instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Impairment of financial assets
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.
Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.
Basic financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
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PAC Corporate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Interest Receivable
Interest income is recognised in profit or loss using the effective interest method.
2.9. Interest Payable
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.
Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
2.10. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.11. Taxation
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 balance sheet date in the countries where the Company operates and generates income.
2.12. Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
2.13. 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.
2.14. Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
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Page 6
PAC Corporate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 January 2024 | 72,000
As at 31 December 2024 | 72,000
Amortisation
As at 1 January 2024 | 72,000
As at 31 December 2024 | 72,000
Net Book Value
As at 31 December 2024 | -
As at 1 January 2024 | -

5. Tangible Assets

| Plant & Machinery
--- | ---
| £
Cost
As at 1 January 2024 | 18,531
As at 31 December 2024 | 18,531
Depreciation
As at 1 January 2024 | 18,256
Provided during the period | 137
As at 31 December 2024 | 18,393
Net Book Value
As at 31 December 2024 | 138
As at 1 January 2024 | 275

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Finished goods and goods for resale | 16,505 |  | 18,829

Page 6
Page 7
PAC Corporate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 5,259 |  | 2,845
Other debtors | 51,320 |  | 36,932
| 56,579 |  | 39,777

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 24,702 |  | 19,723
Bank loans and overdrafts | 4,587 |  | 3,665
Other creditors | 28,998 |  | 6,699
Taxation and social security | 26,815 |  | 38,348
| 85,102 |  | 68,435

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 601 |  | 601

10. Financial Instruments
The company has the following financial instruments:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Financial assets
Financial assets measured at fair value through profit and loss | 38,879 |  | 42,030

Financial liabilities
Financial liabilities measured at fair value through profit and loss | 65,829 |  | 64,465

Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.
11. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the directors, Mr P R Hoole and Mrs A Lake-Hoole amounting to £(NIL) (2023 - £(585)).
Included in other debtors due within one year is loan to the directors, Mrs C D McEntrye amounting to £NIL (2023 - £28,004).
Included in other debtors due within one year is loan to the directors, Mr P R Hoole and Mrs A Lake-Hoole amounting to £41,619 (2023 - £NIL).
Page 7
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PAC Corporate Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
12. Controlling Parties
The Company was controlled throughout the current and previous period by its directors, Mr P R Hoole and Mrs AM Lake-Hoole, by virtue of the fact that between them they own the majority of the Company's ordinary issued share capital.
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