IRIS Accounts Production v26.1.0.640 SC386342 Board of Directors 1.1.25 31.12.25 31.12.25 0 0 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC386342 2024-12-31 SC386342 2025-12-31 SC386342 2025-01-01 2025-12-31 SC386342 2023-12-31 SC386342 2024-01-01 2024-12-31 SC386342 2024-12-31 SC386342 ns15:Scotland 2025-01-01 2025-12-31 SC386342 ns14:PoundSterling 2025-01-01 2025-12-31 SC386342 ns10:Director1 2025-01-01 2025-12-31 SC386342 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 SC386342 ns10:SmallEntities 2025-01-01 2025-12-31 SC386342 ns10:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 SC386342 ns10:SmallCompaniesRegimeForDirectorsReport 2025-01-01 2025-12-31 SC386342 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 SC386342 ns10:FullAccounts 2025-01-01 2025-12-31 SC386342 ns10:Director2 2025-01-01 2025-12-31 SC386342 ns10:Director3 2025-01-01 2025-12-31 SC386342 ns10:RegisteredOffice 2025-01-01 2025-12-31 SC386342 ns5:CurrentFinancialInstruments 2025-12-31 SC386342 ns5:CurrentFinancialInstruments 2024-12-31 SC386342 ns5:Non-currentFinancialInstruments 2025-12-31 SC386342 ns5:Non-currentFinancialInstruments 2024-12-31 SC386342 ns5:ShareCapital 2025-12-31 SC386342 ns5:ShareCapital 2024-12-31 SC386342 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 SC386342 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 SC386342 ns5:CostValuation 2025-12-31 SC386342 ns5:Non-currentFinancialInstruments 2025-01-01 2025-12-31

REGISTERED NUMBER: SC386342 (Scotland)

| Panda Equity Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 December 2025 |

| Panda Equity Limited (Registered number: SC386342) |

Contents of the Financial Statements

for the Year Ended 31 December 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Panda Equity Limited |

Company Information

for the Year Ended 31 December 2025

| DIRECTORS: | R A Brandon

| J K Brandon

| H E Brandon

| REGISTERED OFFICE: | 15-17 Oliver Crescent

| Hawick

| Scottish Borders

| TD9 9BJ

| REGISTERED NUMBER: | SC386342 (Scotland)

| ACCOUNTANTS: | Whitelaw Wells

| 9 Ainslie Place

| Edinburgh

| Midlothian

| EH3 6AT

| BANKERS: | Santander UK plc

| Bootle

| Merseyside

| L30 4GB

| Panda Equity Limited (Registered number: SC386342) |

Balance Sheet

31 December 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 4 | 3 |  | 3 |  |

CURRENT ASSETS

Debtors | 5 | 352,981 |  | 346,994 |  |

Cash at bank | 2,757 |  | 3,762 |  |

355,738 |  | 350,756 |  |

CREDITORS

Amounts falling due within one year | 6 | 1,019 |  | 969 |  |

NET CURRENT ASSETS | 354,719 |  | 349,787 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 354,722 |  | 349,790 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 59,000 |  | 59,000 |  |

NET ASSETS | 295,722 |  | 290,790 |  |

CAPITAL AND RESERVES

Called up share capital | 3 |  | 3 |  |

Retained earnings | 295,719 |  | 290,787 |  |

SHAREHOLDERS' FUNDS | 295,722 |  | 290,790 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

| Panda Equity Limited (Registered number: SC386342) |

Balance Sheet - continued

31 December 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2026 and were signed on its behalf by:

H E Brandon - Director

| Panda Equity Limited (Registered number: SC386342) |

Notes to the Financial Statements

for the Year Ended 31 December 2025

1. | STATUTORY INFORMATION

| Panda Equity Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

| Investments in associates

| Investments in associate undertakings are recognised at cost.

| Financial instruments

| The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

| All loans with related parties are all repayable on demand.

| 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.

| 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.

| Panda Equity Limited (Registered number: SC386342) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

2. | ACCOUNTING POLICIES - continued

| Fixed asset investments

| Fixed asset investments are included at the lower of cost and net realisable value.

| Provisions

| Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. | EMPLOYEES AND DIRECTORS

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

4. | FIXED ASSET INVESTMENTS

| Interest

| in

| associate

£ |

| COST

| At 1 January 2025

| and 31 December 2025 | 3 |  |

| NET BOOK VALUE

| At 31 December 2025 | 3 |  |

| At 31 December 2024 | 3 |  |

5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Amounts owed by related party | 352,981 |  | 346,994 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Accrued expenses | 1,019 |  | 969 |  |

| Panda Equity Limited (Registered number: SC386342) |

Notes to the Financial Statements - continued

for the Year Ended 31 December 2025

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Directors' loan accounts | 59,000 |  | 59,000 |  |

| Included within other creditors is a balance of £59,000 (2024: £59,000) owed to the directors.