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Company Registration No. 08998447 (England and Wales)
PANCREPES LTD Unaudited accounts for the year ended 31 December 2025
PANCREPES LTD Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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PANCREPES LTD Company Information for the year ended 31 December 2025
Directors
STEPHEN WATSON JACOB WATSON THOMAS WATSON
Secretary
STEPHEN WATSON
Company Number
08998447 (England and Wales)
Registered Office
62 SEYMOUR DRIVE DARTMOUTH DEVON TQ6 9GE ENGLAND
Accountants
J ROWE-JONES ACCOUNTANTS LIMITED 62 SEYMOUR DRIVE DARTMOUTH DEVON TQ6 9GE
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PANCREPES LTD Accountants' report
Accountants' report to the board of directors of PANCREPES LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PANCREPES LTD for the year ended 31 December 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PANCREPES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PANCREPES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PANCREPES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PANCREPES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PANCREPES LTD. You consider that PANCREPES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PANCREPES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
J ROWE-JONES ACCOUNTANTS LIMITED 62 SEYMOUR DRIVE DARTMOUTH DEVON TQ6 9GE 17 February 2026
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PANCREPES LTD Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
855,443
862,157
Current assets
Inventories
8,584
12,242
Debtors
5
6,028
6,746
Cash at bank and in hand
268,522
228,483
283,134
247,471
Creditors: amounts falling due within one year
6
(244,348)
(238,138)
Net current assets
38,786
9,333
Total assets less current liabilities
894,229
871,490
Creditors: amounts falling due after more than one year
7
(369,632)
(404,350)
Net assets
524,597
467,140
Capital and reserves
Called up share capital
300
300
Profit and loss account
524,297
466,840
Shareholders' funds
524,597
467,140
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
STEPHEN WATSON Director Company Registration No. 08998447
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PANCREPES LTD Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
PANCREPES LTD is a private company, limited by shares, registered in England and Wales, registration number 08998447. The registered office is 62 SEYMOUR DRIVE, DARTMOUTH, DEVON, TQ6 9GE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% Cost
Plant & machinery
20% Net Book Value
Motor vehicles
20% Net Book Value
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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PANCREPES LTD Notes to the Accounts for the year ended 31 December 2025
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
724,616
208,580
100,741
1,033,937
Additions
-
15,411
19,994
35,405
At 31 December 2025
724,616
223,991
120,735
1,069,342
Depreciation
At 1 January 2025
22,762
118,774
30,244
171,780
Charge for the year
7,246
19,024
15,849
42,119
At 31 December 2025
30,008
137,798
46,093
213,899
Net book value
At 31 December 2025
694,608
86,193
74,642
855,443
At 31 December 2024
701,854
89,806
70,497
862,157
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
6,028
6,746
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
32,984
31,249
VAT
48,296
49,333
Trade creditors
49,280
71,932
Taxes and social security
33,888
11,395
Proposed dividends
36,000
18,000
Other creditors
30,818
30,820
Loans from directors
8,557
22,134
Accruals
4,525
3,275
244,348
238,138
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PANCREPES LTD Notes to the Accounts for the year ended 31 December 2025
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
369,632
404,350
8
Average number of employees
During the year the average number of employees was 9 (2024: 14).
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