REGISTERED NUMBER: 12271776

Unaudited Financial Statements for the Year Ended 31 October 2025

for

PanamaBlue (2019) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C J Putt

REGISTERED OFFICE:

Unit 3 Home Farm

Petersfield Road

Ropley

Hampshire

SO24 0EF

REGISTERED NUMBER:

12271776

ACCOUNTANTS:

Glents Services Limited

Brightfield Business Hub

Bakewell Road

Peterborough

Cambridgeshire

PE2 6XU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

10,322

27,045

10,322

27,045

CURRENT ASSETS

Debtors

6

131,312

145,447

Cash at bank

511,218

369,307

642,530

514,754

CREDITORS

Amounts falling due within one year

7

254,051

251,457

NET CURRENT ASSETS

388,479

263,297

TOTAL ASSETS LESS CURRENT LIABILITIES

398,801

290,342

CREDITORS

Amounts falling due after more than one year

8

-

(8,230

)

PROVISIONS FOR LIABILITIES

9

(2,581

)

(6,606

)

NET ASSETS

396,220

275,506

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

396,120

275,406

SHAREHOLDERS' FUNDS

396,220

275,506

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 director and authorised for issue on 22 December 2025 and were signed by:

Mr C J Putt - Director

1.	STATUTORY INFORMATION

PanamaBlue (2019) Ltd is a private company, limited by shares , registered in Not specified/Other. 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.	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.

These financial statements have been prepared for PanamaBlue (2019) Ltd as a single entity.

Turnover

Turnover is measured at the fair value of services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on the provision of services where the value of the services provided can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

at varying rates on cost

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.

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 5 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

451,000

AMORTISATION

At 1 November 2024

and 31 October 2025

451,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 November 2024

99,948

Disposals

(28,490

)

At 31 October 2025

71,458

DEPRECIATION

At 1 November 2024

72,903

Charge for year

16,723

Eliminated on disposal

(28,490

)

At 31 October 2025

61,136

NET BOOK VALUE

At 31 October 2025

10,322

At 31 October 2024

27,045

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

129,644

143,885

Prepayments and accrued income

1,668

1,562

131,312

145,447

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

8,230

22,775

Trade creditors

9,207

2,740

Tax

68,186

65,558

Social security and other taxes

4,034

3,787

VAT

59,599

52,539

Other creditors

50,942

50,000

Directors' current accounts

51,734

51,595

Accrued expenses

2,119

2,463

254,051

251,457

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

-

8,230

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,581

6,606

Deferred

tax

£

Balance at 1 November 2024

6,606

Capital allowances in excess

of depreciation

(4,025

)

Balance at 31 October 2025

2,581

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C J Putt.