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REGISTERED NUMBER: 12392262 (England and Wales)

PANSON MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 4 |

| Accountants' Report | 7 |

| PANSON MANAGEMENT LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 OCTOBER 2024

| DIRECTOR: | Miss A Sun

| REGISTERED OFFICE: | 16 Shaftesbury Avenue

| Lincoln

| United Kingdom

| Lincolnshire

| LN6 0QN

| REGISTERED NUMBER: | 12392262 (England and Wales)

| ACCOUNTANTS: | Dexter & Sharpe

| Rollestone House

| 20-22 Bridge Street

| Horncastle

| Lincolnshire

| LN9 5HZ

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

STATEMENT OF FINANCIAL POSITION

31 OCTOBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investment property | 3 | 420,000 |  | 406,346 |  |

CURRENT ASSETS

Debtors | 4 | - |  | 338 |  |

Cash at bank | 772 |  | 2,918 |  |

772 |  | 3,256 |  |

CREDITORS

Amounts falling due within one year | 5 | 110,669 |  | 120,763 |  |

NET CURRENT LIABILITIES | (109,897 | ) | (117,507 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 310,103 |  | 288,839 |  |

CREDITORS

Amounts falling due after more than one year | 6 | (295,278 | ) | (295,278 | ) |

PROVISIONS FOR LIABILITIES | (3,415 | ) | - |  |

NET ASSETS/(LIABILITIES) | 11,410 |  | (6,439 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Non distributable revaluation

reserve | 8 | 10,240 |  | - |  |

Retained earnings | 1,169 |  | (6,440 | ) |

11,410 |  | (6,439 | ) |

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

STATEMENT OF FINANCIAL POSITION - continued

31 OCTOBER 2024

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

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

The director acknowledges her 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 director and authorised for issue on 24 October 2025 and were signed by:

Miss A Sun - Director

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

1. | 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover represents the amounts receivable for rental income apportioned on a monthly basis net of VAT.

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Going concern

| The company continues to rely on the support of the directors and its bankers, the directors are confident that this support will continue into the future and the company will be able to meet its obligations. The accounts have therefore been prepared on a going concern basis.

2. | EMPLOYEES AND DIRECTORS

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

3. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 November 2023 | 406,346 |  |

| Revaluations | 13,654 |  |

| At 31 October 2024 | 420,000 |  |

| NET BOOK VALUE

| At 31 October 2024 | 420,000 |  |

| At 31 October 2023 | 406,346 |  |

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

3. | INVESTMENT PROPERTY - continued

| Fair value at 31 October 2024 is represented by:

£ |

| Valuation in 2024 | 13,654 |  |

| Cost | 406,346 |  |

420,000 |  |

| If investment property had not been revalued it would have been included at the following historical cost:

2024 | 2023 |

£ | £ |

| Cost | 406,346 |  | 406,346 |  |

| investment property was valued on market value basis on 31 October 2024 by the director .

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other debtors | - |  | 338 |  |

5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Taxation and social security | 275 |  | - |  |

| Other creditors | 110,394 |  | 120,763 |  |

110,669 |  | 120,763 |  |

6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Other creditors | 295,278 |  | 295,278 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Mortgage | 295,278 |  | 295,278 |  |

7. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Mortgage | 295,278 |  | 295,278 |  |

| Mortgages are secured against the Investment Property of the Company.

| PANSON MANAGEMENT LTD (REGISTERED NUMBER: 12392262) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

8. | RESERVES

| Non

| distributable

| revaluation

| reserve

£ |

| Revaluation transfer | 10,240 |  |

| At 31 October 2024 | 10,240 |  |

ACCOUNTANTS' REPORT TO THE DIRECTOR

ON THE UNAUDITED FINANCIAL STATEMENTS OF

PANSON MANAGEMENT LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Panson Management Ltd for the year ended 31 October 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Panson Management Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Panson Management Ltd and state those matters that we have agreed to state to the director of Panson Management Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Panson Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Panson Management Ltd. You consider that Panson Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Panson Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dexter & Sharpe

Rollestone House

20-22 Bridge Street

Horncastle

Lincolnshire

LN9 5HZ

24 October 2025