Pardo Limited

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

Page 1

Page 2

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

Page 2

Page 3

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

The notes on pages 4 to 8 form part of these financial statements.

Page 3

Page 4

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.

Page 4

Page 5

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)

Page 5

Page 6

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

Page 6

Page 7

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

Page 8

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.

Page 8

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