Panacea Cottages Limited

Panacea Cottages Limited
Contents Page
For the Period 06 August 2024 to 31 August 2025

Statement of financial position	1
Notes to the financial statements	2

Panacea Cottages Limited
Statement of Financial Position
As at 31 August 2025

	Notes	2025 £
Fixed assets
Tangible fixed assets	3	223,494
		223,494
Current assets
Cash at bank and in hand		1,566
Creditors: amount falling due within one year	4	(275,888)
Net current assets		(274,322)

Total assets less current liabilities		(50,828)
Net assets		(50,828)

Capital and reserves
Called up share capital		200
Profit and loss account		(51,028)
Shareholders' funds		(50,828)

For the period ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 financial statements were approved by the board of directors on 14 April 2026 and were signed on its behalf by:

-------------------------------
Peter Mark Blomley
Director

1

Panacea Cottages Limited
Notes to the Financial Statements
For the Period 06 August 2024 to 31 August 2025

General Information

Panacea Cottages Limited is a private company, limited by shares, registered in , registration number 15879906, registration address 40 Melton Road (First Floor), Oakham, Rutland, LE15 6AY.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2.	Average number of employees Average number of employees during the period was 0.

3.

Tangible fixed assets

Cost or valuation	Land and Buildings	Total
	£	£
At 06 August 2024	-	-
Additions	223,494	223,494
Disposals	-	-
At 31 August 2025	223,494	223,494
Depreciation
At 06 August 2024	-	-
Charge for period	-	-
On disposals	-	-
At 31 August 2025	-	-
Net book values
Closing balance as at 31 August 2025	223,494	223,494
Opening balance as at 06 August 2024	-	-

4.

Creditors: amount falling due within one year

	2025 £
Accrued Expenses	720
Directors' Current Accounts	275,168
	275,888

2

Registered Number: 15879906

PANACEA COTTAGES LIMITED

Unaudited Financial Statements

Period of accounts Start date: 06 August 2024 End date: 31 August 2025