Pangea Imports Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10348935

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	4	774,224		743,080
Cash at bank and in hand		34,182		12,023

		808,406		755,103
Creditors: Amounts Falling Due Within One Year	5	(81,312 )		(93,291 )

NET CURRENT ASSETS (LIABILITIES)			727,094		661,812

TOTAL ASSETS LESS CURRENT LIABILITIES			727,094		661,812

NET ASSETS			727,094		661,812

CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss Account			727,092		661,810

SHAREHOLDERS' FUNDS			727,094		661,812

For the year ending 31 August 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

Mrs K Jordan

Director

12/05/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Pangea Imports Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10348935 . The registered office is Mousehall, Tidebrook, Wadhurst, East Sussex, TN5 6PG.

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 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.

2.3. 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.

2.4. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 2)

4. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	94,616	120,816
Other debtors	679,608	622,264

	774,224	743,080

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	21,461	12,481
Corporation tax	22,602	40,521
Directors' loan accounts	37,249	40,289

	81,312	93,291

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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Pangea Imports Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

7. Related Party Transactions

The company owed £37,249 (2024: £40,289) to the directors, G Jordan and K Jordan. This loan interest free, unsecured and has no fixed terms for repayment.

The company was owed £705,264 (2024: £622,264) from Mousehall Estate Limited in which G Jordan and K Jordan are the directors and fellow shareholders.

8. Ultimate Controlling Party

The controlling parties are the company directors by virtue of their shareholdings.

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