Company registration number 08943251 (England and Wales)
PANAKEIA (UK) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
PANAKEIA (UK) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PANAKEIA (UK) LTD
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
53,944
65,306
Current assets
Stocks
2,880
2,425
Debtors
4
4,004
4,515
Cash at bank and in hand
20,684
135,174
27,568
142,114
Creditors: amounts falling due within one year
5
(25,479)
(44,388)
Net current assets
2,089
97,726
Total assets less current liabilities
56,033
163,032
Provisions for liabilities
(13,486)
(16,326)
Net assets
42,547
146,706
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
42,545
146,704
Total equity
42,547
146,706

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 November 2025 and are signed on its behalf by:
Mrs J Adhen
Director
Company Registration No. 08943251
PANAKEIA (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Panakeia (UK) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 35B Bushmead Avenue, Bedford, Bedfordshire, United Kingdom, MK40 3QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance and 50% straight line
Computers Equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

PANAKEIA (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
0
0
PANAKEIA (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers Equipment
Total
£
£
£
£
Cost
At 1 April 2024
138,661
4,081
8,339
151,081
Additions
1,700
-
0
-
0
1,700
At 31 March 2025
140,361
4,081
8,339
152,781
Depreciation and impairment
At 1 April 2024
77,256
3,651
4,868
85,775
Depreciation charged in the year
12,281
86
695
13,062
At 31 March 2025
89,537
3,737
5,563
98,837
Carrying amount
At 31 March 2025
50,824
344
2,776
53,944
At 31 March 2024
61,405
430
3,471
65,306
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
4,004
4,515
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
13,147
30,973
Other creditors
12,332
13,415
25,479
44,388
6
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
1,878
1,878
Key management personnel
2,253
647
2025-03-31 2024-04-01 false false false 26 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs. J Adhen Dr S S Basra 08943251 2024-04-01 2025-03-31 08943251 2025-03-31 08943251 2024-03-31 08943251 core:PlantMachinery 2025-03-31 08943251 core:FurnitureFittings 2025-03-31 08943251 core:ComputerEquipment 2025-03-31 08943251 core:PlantMachinery 2024-03-31 08943251 core:FurnitureFittings 2024-03-31 08943251 core:ComputerEquipment 2024-03-31 08943251 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 08943251 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08943251 core:CurrentFinancialInstruments 2025-03-31 08943251 core:CurrentFinancialInstruments 2024-03-31 08943251 core:ShareCapital 2025-03-31 08943251 core:ShareCapital 2024-03-31 08943251 core:RetainedEarningsAccumulatedLosses 2025-03-31 08943251 core:RetainedEarningsAccumulatedLosses 2024-03-31 08943251 bus:Director1 2024-04-01 2025-03-31 08943251 core:PlantMachinery 2024-04-01 2025-03-31 08943251 core:FurnitureFittings 2024-04-01 2025-03-31 08943251 core:ComputerEquipment 2024-04-01 2025-03-31 08943251 2023-04-01 2024-03-31 08943251 core:PlantMachinery 2024-03-31 08943251 core:FurnitureFittings 2024-03-31 08943251 core:ComputerEquipment 2024-03-31 08943251 2024-03-31 08943251 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-03-31 08943251 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-03-31 08943251 core:KeyManagementPersonnel 2025-03-31 08943251 core:KeyManagementPersonnel 2024-03-31 08943251 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08943251 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 08943251 bus:FRS102 2024-04-01 2025-03-31 08943251 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08943251 bus:Director2 2024-04-01 2025-03-31 08943251 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP