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Company Registration No. 07695808 (England and Wales)
PANDY PARTNERSHIP LIMITED Unaudited accounts for the year ended 31 July 2025
PANDY PARTNERSHIP LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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PANDY PARTNERSHIP LIMITED Company Information for the year ended 31 July 2025
Directors
Mrs P. Eden-Parish Mr A.C. Parish
Secretary
Mrs P. Eden-Parish
Company Number
07695808 (England and Wales)
Registered Office
110 High Street Tetsworth Nr Thame Oxon OX9 7AE United Kingdom
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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PANDY PARTNERSHIP LIMITED Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
47,590
23,431
Current assets
Inventories
7,748
6,200
Debtors
6
14,479
9,134
Cash at bank and in hand
26,567
37,286
48,794
52,620
Creditors: amounts falling due within one year
7
(36,557)
(30,928)
Net current assets
12,237
21,692
Total assets less current liabilities
59,827
45,123
Creditors: amounts falling due after more than one year
8
(32,344)
(16,895)
Provisions for liabilities
Deferred tax
9
(8,792)
(4,452)
Net assets
18,691
23,776
Capital and reserves
Called up share capital
100
100
Profit and loss account
18,591
23,676
Shareholders' funds
18,691
23,776
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2026 and were signed on its behalf by
Mrs P. Eden-Parish Director Company Registration No. 07695808
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PANDY PARTNERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
PANDY PARTNERSHIP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07695808. The registered office is 110 High Street, Tetsworth, Nr Thame, Oxon, OX9 7AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight line basis
Plant & machinery
20% Straight line basis
Motor vehicles
25% Reducing balance basis
Fixtures & fittings
20% Straight line basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PANDY PARTNERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2025
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
9,000
At 31 July 2025
9,000
Amortisation
At 1 August 2024
9,000
At 31 July 2025
9,000
Net book value
At 31 July 2025
-
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PANDY PARTNERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2025
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
-
17,288
37,973
-
55,261
Additions
1,320
460
43,250
256
45,286
Disposals
-
(4,527)
(29,023)
-
(33,550)
At 31 July 2025
1,320
13,221
52,200
256
66,997
Depreciation
At 1 August 2024
-
13,928
17,902
-
31,830
Charge for the year
264
1,767
8,987
52
11,070
On disposals
-
(4,527)
(18,966)
-
(23,493)
At 31 July 2025
264
11,168
7,923
52
19,407
Net book value
At 31 July 2025
1,056
2,053
44,277
204
47,590
At 31 July 2024
-
3,360
20,071
-
23,431
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
44,277
20,071
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
12,775
7,210
Accrued income and prepayments
1,704
1,080
Other debtors
-
844
14,479
9,134
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
10,152
4,744
Obligations under finance leases and hire purchase contracts
11,636
5,674
Trade creditors
270
444
Taxes and social security
6,792
12,836
Loans from directors
6,967
6,512
Accruals
740
718
36,557
30,928
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
32,344
16,895
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PANDY PARTNERSHIP LIMITED Notes to the Accounts for the year ended 31 July 2025
9
Deferred taxation
2025
2024
£
£
Accelerated capital allowances
8,792
4,452
2025
2024
£
£
Provision at start of year
4,452
3,976
Charged to the profit and loss account
4,340
476
Provision at end of year
8,792
4,452
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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