REGISTERED NUMBER: 09690080 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Panegyric Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D R Ellis

C Guest

A Pereira

REGISTERED OFFICE:

Das Kino

22 Fletcher Gate

Nottingham

Nottinghamshire

NG1 2FZ

REGISTERED NUMBER:

09690080 (England and Wales)

ACCOUNTANTS:

Beaumont Chapman Limited

Foxhall Lodge

Foxhall Road

Nottingham

Nottinghamshire

NG7 6LH

FIXED ASSETS

Tangible assets

4

137,675

170,601

CURRENT ASSETS

Stocks

18,761

16,584

Debtors

5

19,625

78,353

Cash at bank

259,246

272,969

297,632

367,906

CREDITORS

Amounts falling due within one year

6

201,453

334,618

NET CURRENT ASSETS

96,179

33,288

TOTAL ASSETS LESS CURRENT LIABILITIES

233,854

203,889

CREDITORS

Amounts falling due after more than one year

7

(1,588

)

(11,790

)

PROVISIONS FOR LIABILITIES

(19,234

)

(24,133

)

NET ASSETS

213,032

167,966

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

213,028

167,962

213,032

167,966

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

D R Ellis - Director

1.	STATUTORY INFORMATION

Panegyric 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.

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 reducing balance and at varying rates 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

754,848

Additions

37,999

At 31 March 2025

792,847

DEPRECIATION

At 1 April 2024

584,247

Charge for year

70,925

At 31 March 2025

655,172

NET BOOK VALUE

At 31 March 2025

137,675

At 31 March 2024

170,601

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

6,491

54,238

Amounts owed by group undertakings

531

-

Other debtors

12,603

24,115

19,625

78,353

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Trade creditors

18,898

35,478

Amounts owed to group undertakings

-

796

Taxation and social security

114,865

172,759

Other creditors

57,042

114,937

201,453

334,618

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,588

11,790

8.	RELATED PARTY DISCLOSURES

During the year Panegyric Limited purchased services from Fletchergate Industries to a value of £145,944 (2024: £149,020). The balance outstanding at 31 March 2025 is £13,061 (2024 £791 debtor).

:

During the year Panegyric Limited sold services to Nonagon Limited to a value of £8,824 (2024: nil). The balance outstanding at 31 March 2025 is £292 (2024: nil).

During the year Panegyric Limited sold services to Our Secret Garden Limited for £5,038 (2024: £2,265). The balance outstanding at 31 March 2025 is £292 (2024:: nil)..

During the period Fletchergate Holdings Limited (a company of whom the directors have a controlling interest) rented part of their investment property for £83,079 (2024 : £85,000) to the company. There was £18,000 rent paid in advance at the period end (2024: £3,000).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Fletchergate Industries Ltd by virtue of its shareholding.