REGISTERED NUMBER: 14445428 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PANDAS HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Koutouvelis

A Vratskides

M Walden

REGISTERED OFFICE:

71-75 Shelton Street

Covent Garden

London

WC2H 9JQ

REGISTERED NUMBER:

14445428 (England and Wales)

FIXED ASSETS

Intangible assets

4

401,273

241,124

Tangible assets

5

2,825

1,110

Investments

6

4,127,538

4,127,538

4,531,636

4,369,772

CURRENT ASSETS

Debtors

7

4,063,316

2,586,630

Cash at bank

32,318

687,180

4,095,634

3,273,810

CREDITORS

Amounts falling due within one year

8

954,443

135,309

NET CURRENT ASSETS

3,141,191

3,138,501

TOTAL ASSETS LESS CURRENT LIABILITIES

7,672,827

7,508,273

CAPITAL AND RESERVES

Called up share capital

9

496

496

Share premium

8,286,771

8,286,771

Retained earnings

(614,440

)

(778,994

)

7,672,827

7,508,273

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

F Koutouvelis - Director

1.	STATUTORY INFORMATION

Pandas Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

241,124

Additions

160,149

At 31 December 2024

401,273

NET BOOK VALUE

At 31 December 2024

401,273

At 31 December 2023

241,124

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2024

1,480

Additions

3,497

At 31 December 2024

4,977

DEPRECIATION

At 1 January 2024

370

Charge for year

1,782

At 31 December 2024

2,152

NET BOOK VALUE

At 31 December 2024

2,825

At 31 December 2023

1,110

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

4,127,538

NET BOOK VALUE

At 31 December 2024

4,127,538

At 31 December 2023

4,127,538

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

259,373

-

Amounts owed by group undertakings

3,788,417

2,586,630

Other debtors

15,526

-

4,063,316

2,586,630

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

428,030

135,309

Other creditors

526,413

-

954,443

135,309

9.	CALLED UP SHARE CAPITAL

On 1 February 2023 the company issued the following shares for cash at a premium:

Share Name

Value

Number of shares

Premium

Ordinary

£0.00001

25,000,640

0

Deferred

£0.00001

6,250,000

0

Pre-seed Convertible Preferred

£0.00001

5,250,000

467,881

Series A2 Preferred

£0.00001

3,509,312

1,768,150

Series A3 Preferred

£0.00001

3,761,149

970,994

Series A4 Preferred

£0.00001

2,450,543

920,099

Ordinary B

£0.00001

1,249,385

0

On 15 March 2023, the company issued 5,250,000 Series A1 £0.00001shares at a premium of 2,858,707.

10.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.