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Registered number: 08252900
Panoramah (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
V's Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08252900
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 222,252 218,030
222,252 218,030
CURRENT ASSETS
Debtors 5 1,182,354 644,540
Cash at bank and in hand 1,017,614 226,772
2,199,968 871,312
Creditors: Amounts Falling Due Within One Year 6 (1,796,409 ) (660,875 )
NET CURRENT ASSETS (LIABILITIES) 403,559 210,437
TOTAL ASSETS LESS CURRENT LIABILITIES 625,811 428,467
NET ASSETS 625,811 428,467
CAPITAL AND RESERVES
Called up share capital 7 10,001 10,001
Profit and Loss Account 615,810 418,466
SHAREHOLDERS' FUNDS 625,811 428,467
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For the year ending 31 December 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.
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 Profit and Loss Account.
On behalf of the board
Mr Paulo VALE
Director
08/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Panoramah (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08252900 . The registered office is 1st Floor, 29-31, Cowper Street, London, EC2A 4AT.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Freehold 50
Leasehold 10
Plant & Machinery 10
Motor Vehicles 25
Fixtures & Fittings 10
Computer Equipment 20
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 3)
5 3
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2025 217,326 - 67,264 2,922 287,512
Additions - 32,875 - - 32,875
As at 31 December 2025 217,326 32,875 67,264 2,922 320,387
Depreciation
As at 1 January 2025 21,733 - 46,087 1,662 69,482
Provided during the period 21,733 4,109 2,353 458 28,653
As at 31 December 2025 43,466 4,109 48,440 2,120 98,135
Net Book Value
As at 31 December 2025 173,860 28,766 18,824 802 222,252
As at 1 January 2025 195,593 - 21,177 1,260 218,030
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5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 959,000 432,451
Amounts recoverable on contracts 218,946 212,058
Other debtors 4,408 31
1,182,354 644,540
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 705,798 174,507
Amounts owed to group undertakings 28,504 25,641
Other creditors 846,790 215,170
Taxation and social security 215,317 245,557
1,796,409 660,875
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 10,001 10,001
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