REGISTERED NUMBER: 06854997 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 MARCH 2025

FOR

PANESKO LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Theodoros Demetrios Demetriou

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

06854997 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Investments

5

737,246

737,246

CREDITORS

Amounts falling due within one year

416,871

376,929

NET CURRENT LIABILITIES

(416,871

)

(376,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

320,375

360,317

CREDITORS

Amounts falling due after more than one year

6

215,838

256,466

NET ASSETS

104,537

103,851

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

104,437

103,751

SHAREHOLDERS' FUNDS

104,537

103,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 December 2025 and were signed by:

Theodoros Demetrios Demetriou - Director

1.	STATUTORY INFORMATION

Panesko Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 29 March 2024

and 28 March 2025

737,246

NET BOOK VALUE

At 28 March 2025

737,246

At 28 March 2024

737,246

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

57,390

111,026

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

255,450

292,826

A loan was provided on by National Westminster Bank plc ("the Bank") to facilitate the investment of Panesko Limited ("the Company") in the acquisition of the entire issued ordinary share capital of Greenfields Residential Home Care Limited ("Greenfields"), an associated company of the Company.

The loan is secured in favour of the Bank by:

(i) a first legal charge over freehold property 24 Sidney Avenue, Palmers Green, London N13 4UY,

(ii) a mortgage debenture over the assets of the Company.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 29 March 2024

103,751

Profit for the year

686

At 28 March 2025

104,437

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Theodoros Demetrios Demetriou.