REGISTERED NUMBER: 11639538 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sanpan17 Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

A P Gangani

R Vithlani

REGISTERED OFFICE:

Ground Floor Office Suites (Printsearch)

Westinghouse Road, Trafford Park

Manchester

United Kingdom

M17 1PJ

REGISTERED NUMBER:

11639538 (England and Wales)

ACCOUNTANTS:

IN Accountancy Limited

2 Station View

Bramhall Moor Lane

Hazel Grove

Stockport

Cheshire

SK7 5ER

FIXED ASSETS

Tangible assets

4

324

41

CURRENT ASSETS

Stocks

758,874

360,605

Debtors

5

300,762

27,575

Cash at bank

145,692

114,688

1,205,328

502,868

CREDITORS

Amounts falling due within one year

6

480,073

273,266

NET CURRENT ASSETS

725,255

229,602

TOTAL ASSETS LESS CURRENT LIABILITIES

725,579

229,643

CREDITORS

Amounts falling due after more than one year

7

913,990

422,350

NET LIABILITIES

(188,411

)

(192,707

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(188,511

)

(192,807

)

SHAREHOLDERS' FUNDS

(188,411

)

(192,707

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings 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:

A P Gangani - Director

1.	STATUTORY INFORMATION

Sanpan17 Ltd 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.

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 financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

The balance sheet is insolvent. The company is reliant upon the continued support of its directors and they have indicated that this support will be forthcoming. As a result of this, the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

129

Additions

333

At 31 March 2025

462

DEPRECIATION

At 1 April 2024

88

Charge for year

50

At 31 March 2025

138

NET BOOK VALUE

At 31 March 2025

324

At 31 March 2024

41

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

286,230

6,639

Other debtors

14,532

20,936

300,762

27,575

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

404,040

269,760

Taxation and social security

8,427

-

Other creditors

67,606

3,506

480,073

273,266

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

913,990

422,350

8.	RELATED PARTY DISCLOSURES

Within trade creditors there is a balance of £309,811 outstanding (2024: £86,864 to related companies,

being Sanpan17 Ltd and there is an amount of £38,449 due from related parties within other creditors (2024: £150,000).

Within trade debtors there is a balance of £30,162 (2024: NIL) due from this related company..

There was trading between the two companies, sales of NIL (2024: £NIL) and purchases of) £152,588 (2024: £55,614).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors.