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Registered number: 11630879
Pangea Insurance Brokers Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
Pangea Insurance Brokers Ltd
Contents
Contents

| Page
--- | ---
Statement of Financial Position | 1—2
Notes to the Financial Statements | 3—5

Page 1
Pangea Insurance Brokers Ltd
Statement of Financial Position
As At 30 June 2025
Statement of Financial Position
Registered number: 11630879

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 226,690 |  | 197,725
|  |  | 226,690 |  | 197,725
CURRENT ASSETS
Debtors | 5 | 371,891 |  | 181,298 |
Cash at bank and in hand |  | 235,493 |  | 230,216 |
|  | 607,384 |  | 411,514 |
Creditors: Amounts Falling Due Within One Year | 6 | (303,400 ) |  | (223,568 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 303,984 |  | 187,946
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 530,674 |  | 385,671
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (160,380 ) |  | (135,703 )
NET ASSETS |  |  | 370,294 |  | 249,968
CAPITAL AND RESERVES
Called up share capital | 9 |  | 200 |  | 200
Income Statement |  |  | 370,094 |  | 249,768
SHAREHOLDERS' FUNDS |  |  | 370,294 |  | 249,968

Page 1
Page 2
Pangea Insurance Brokers Ltd
Statement of Financial Position (continued)
As At 30 June 2025
For the year ending 30 June 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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board

M J Piper Director
6 February 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Pangea Insurance Brokers Ltd
Notes to the Financial Statements
For The Year Ended 30 June 2025
Notes to the Financial Statements
1. General Information
Pangea Insurance Brokers Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11630879 . The registered office is Unit 4, Hill View House, Leylands Business Park, Colden Common, Winchester, Hampshire, SO21 1TH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised to the extent that is it probable the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of consideration received or receivable, excluding discounts, rebates, valued added tax and other sales taxes.
Turnover is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of the turnover can be reliably measured;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be reliably measured.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 5 year straight line
Motor Vehicles | 25% reducing balance
Fixtures & Fittings | 5 year straight line
Computer Equipment | 3 year straight line

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.
2.5. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
...CONTINUED
Page 3
Page 4
Pangea Insurance Brokers Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
2.5. Financial Instruments - continued
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 11)
16 11
4. Tangible Assets

| Land & Buildings | Plant & Machinery etc. | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 July 2024 | 46,925 | 208,869 | 255,794
Additions | - | 156,616 | 156,616
Disposals | - | (120,850 ) | (120,850 )
As at 30 June 2025 | 46,925 | 244,635 | 291,560
Depreciation
As at 1 July 2024 | - | 58,069 | 58,069
Provided during the period | 9,385 | 43,284 | 52,669
Disposals | - | (45,868 ) | (45,868 )
As at 30 June 2025 | 9,385 | 55,485 | 64,870
Net Book Value
As at 30 June 2025 | 37,540 | 189,150 | 226,690
As at 1 July 2024 | 46,925 | 150,800 | 197,725

Page 4
Page 5
Pangea Insurance Brokers Ltd
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 273 |  | 169,195
Other debtors | 371,618 |  | 12,103
| 371,891 |  | 181,298

Other debtors include loans to the directors totalling £74,171 (2024: £2,171). The loans are unsecured, interest free and repayable on demand.
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 39,780 |  | 25,193
Bank loans and overdrafts | 10,300 |  | 10,100
Other creditors | 106,842 |  | 94,670
Taxation and social security | 146,478 |  | 93,605
| 303,400 |  | 223,568

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 157,588 |  | 122,529
Bank loans | 2,792 |  | 13,174
| 160,380 |  | 135,703

8. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 39,780 |  | 25,193
Later than one year and not later than five years | 157,588 |  | 122,529
| 197,368 |  | 147,722
| 197,368 |  | 147,722

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 200 |  | 200

The Ordinary A and Ordinary B shares constitute separate classes of share and rank pari passu in respect of voting and capital rights. Dividends can be paid in respect of each share class at differing amounts with the written consent of all shareholders.
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