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Registered number: 01686636
Pardo Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Ripe LLP
9a Burroughs Gardens
London
NW4 4AU
Pardo Limited
Contents
Contents

| Page
--- | ---
Company Information | 1
Balance Sheet | 2—3
Notes to the Financial Statements | 4—8

Page 1
Pardo Limited
Company Information
For The Year Ended 31 December 2024
Company Information

Director | Mr J K Aikins
Secretary | Mrs J K Aikins
Company Number | 01686636
Registered Office | 23-24 Barretts Green Road
| London
| NW10 7AE
Accountants | Ripe LLP
| Chartered Accountants
| 9a Burroughs Gardens
| London
| NW4 4AU

Page 1
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Pardo Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 01686636

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 191,460 |  | 194,704
|  |  | 191,460 |  | 194,704
CURRENT ASSETS
Stocks |  | 31,304 |  | 27,649 |
Debtors | 5 | 9,259 |  | 9,644 |
Cash at bank and in hand |  | 228,419 |  | 206,826 |
|  | 268,982 |  | 244,119 |
Creditors: Amounts Falling Due Within One Year | 6 | (155,191 ) |  | (161,309 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 113,791 |  | 82,810
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 305,251 |  | 277,514
Creditors: Amounts Falling Due After More Than One Year | 7 |  | - |  | (8,881 )
NET ASSETS |  |  | 305,251 |  | 268,633
CAPITAL AND RESERVES
Called up share capital | 9 |  | 100 |  | 100
Profit and Loss Account |  |  | 305,151 |  | 268,533
SHAREHOLDERS' FUNDS |  |  | 305,251 |  | 268,633

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Pardo Limited
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 member has 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.
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.
The financial statements were approved by the board of directors on 9 October 2025 and were signed on its behalf by:

Mr J K Aikins Director
09/10/2025

The notes on pages 4 to 8 form part of these financial statements.
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Pardo Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Pardo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01686636 . The registered office is 23-24 Barretts Green Road, London, NW10 7AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
The financial statements have been prepared under the historical cost convention (except that as disclosed in the accounting policies certain items are shown at fair value) 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.
The financial statements are presented in Sterlings (£) and figures are shown to the nearest whole pound.
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. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Freehold | not provided
Plant & Machinery | 25% on reducing balance
Motor Vehicles | 25% on reducing balance
Fixtures & Fittings | 25% on reducing balance
Computer Equipment | 25% on reducing balance

2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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Pardo Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.7. Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.8. Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for atleast twelve months after the reporting date. If there is an unconditional right to defer settlement for atleast twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
2.9. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing
borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of th eliability for atleast twelve months after the reporting date.
2.10 Dividends
Dividend distribution to the company's shareholders is recognised as a liabiity in the financial statements in the reporting period in which the dividends are declared.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
Page 5
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Pardo Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings
| £ | £ | £ | £
Cost
As at 1 January 2024 | 171,694 | 19,054 | 22,138 | 12,272
Additions | - | 864 | - | -
As at 31 December 2024 | 171,694 | 19,918 | 22,138 | 12,272
Depreciation
As at 1 January 2024 | - | 15,572 | 5,707 | 9,584
Provided during the period | - | 888 | 4,108 | 672
As at 31 December 2024 | - | 16,460 | 9,815 | 10,256
Net Book Value
As at 31 December 2024 | 171,694 | 3,458 | 12,323 | 2,016
As at 1 January 2024 | 171,694 | 3,482 | 16,431 | 2,688

| Computer Equipment | Total
--- | --- | ---
| £ | £
Cost
As at 1 January 2024 | 1,378 | 226,536
Additions | 2,217 | 3,081
As at 31 December 2024 | 3,595 | 229,617
Depreciation
As at 1 January 2024 | 969 | 31,832
Provided during the period | 657 | 6,325
As at 31 December 2024 | 1,626 | 38,157
Net Book Value
As at 31 December 2024 | 1,969 | 191,460
As at 1 January 2024 | 409 | 194,704

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Pardo Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
5. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 5,915 |  | 6,826
Prepayments and accrued income | 2,311 |  | 1,926
VAT | 1,033 |  | 892
| 9,259 |  | 9,644

6. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | - |  | 1,351
Other loans | - |  | 6,085
Corporation tax | 12,555 |  | 16,338
Accruals and deferred income | 2,500 |  | 2,100
Director's loan account | 140,136 |  | 135,435
| 155,191 |  | 161,309

7. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other loans | - |  | 8,881

8. Loans
An analysis of the maturity of loans is given below:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts falling due within one year or on demand:
Other loans | - |  | 6,085

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Amounts falling due between one and five years:
Other loans | - |  | 8,881

9. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

Page 7
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Pardo Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
10. Related Party Disclosures
At the balance sheet date, the company owed £140,136 (2023: £135,435) to the director and shareholder.
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