Panos Eliades Franklin & Co Limited

	Page
Company Information	1
Accountant's Report	2
Abridged Statement of Financial Position	3—4
Notes to the Abridged Financial Statements	5—8

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Accountant's Report

For The Year Ended 31 August 2025

Accountant's Report

Report to the director on the preparation of the unaudited statutory accounts of Panos Eliades Franklin & Co Limited for the year ended 31 August 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Panos Eliades Franklin & Co Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Panos Eliades Franklin & Co Limited , as a body, in accordance with our terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Panos Eliades Franklin & Co Limited and state those matters that we have agreed to state to the director of Panos Eliades Franklin & Co Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Panos Eliades Franklin & Co Limited and its director as a body for our work or for this report.

It is your duty to ensure that Panos Eliades Franklin & Co Limited 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 or loss of Panos Eliades Franklin & Co Limited . You consider that Panos Eliades Franklin & Co Limited 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 Panos Eliades Franklin & Co Limited . 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 financial statements.

27th May 2026

Lee Christian & Co Limited

Chartered Certified Accountants

Suite 222 Cuffley Point

Cuffley Place, Sopers Road

Cuffley

Hertfordshire

EN6 4RY

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Panos Eliades Franklin & Co Limited

Abridged Statement of Financial Position

As At 31 August 2025

Abridged Statement of Financial Position

Registered number: 07993107

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,714		14,735

			6,714		14,735
CURRENT ASSETS
Debtors		561,525		503,175
Cash at bank and in hand		38,149		99,586

		599,674		602,761
Creditors: Amounts Falling Due Within One Year		(293,421 )		(278,750 )

NET CURRENT ASSETS (LIABILITIES)			306,253		324,011

TOTAL ASSETS LESS CURRENT LIABILITIES			312,967		338,746

Creditors: Amounts Falling Due After More Than One Year			-		(8,333 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			-		(2,800 )

NET ASSETS			312,967		327,613

CAPITAL AND RESERVES
Called up share capital	5		2,200		2,200
Income Statement			310,767		325,413

SHAREHOLDERS' FUNDS			312,967		327,613

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Panos Eliades Franklin & Co Limited

Abridged Statement of Financial Position (continued)

As At 31 August 2025

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement.

All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 31 August 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr P O Eliades

Director

27th May 2026

The notes on pages 5 to 8 form part of these financial statements.

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Panos Eliades Franklin & Co Limited

Notes to the Abridged Financial Statements

For The Year Ended 31 August 2025

Notes to the Abridged Financial Statements

1. General Information

Panos Eliades Franklin & Co Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07993107 . The registered office is Olympia House, Armitage Road, London, NW11 8RQ.

The presentation currency of the accounts is in Pound Sterling (£).

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 rendering of services.

Revenue from the rendering of professional services is recognised by reference to the stage of completion of the engagement. The stage of completion of an engagement is measured by comparing the costs incurred for work performed to date to the estimated engagement costs. Revenue is only recognised to the extent of recoverable expenses when the outcome of an engagement cannot be estimated reliably.

Services rendered to clients during the year that have not been billed at the reporting date have been recognised as unbilled revenue based on assessment of the fair value of the services provided as a proportion of the total value of the engagement.

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:

Plant & Machinery	20% on reducing balance
Fixtures & Fittings	20% on reducing balance

The carrying values of tangible fixed assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable.

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in the profit and loss account and included in the other operating income.

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Panos Eliades Franklin & Co Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Financial Instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Impairment of non-financial assets

At each reporting date non-financial assets not carried at fair value, like plant, property and equipment are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

2.6. Taxation

Taxaion for the year comprises 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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Panos Eliades Franklin & Co Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

2.8. Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. Average Number of Employees

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

4. Tangible Assets

	Total
	£
Cost
As at 1 September 2024	77,023
Disposals	(28,857 )

As at 31 August 2025	48,166

Depreciation
As at 1 September 2024	62,288
Provided during the period	1,678
Disposals	(22,514 )

As at 31 August 2025	41,452

Net Book Value
As at 31 August 2025	6,714

As at 1 September 2024	14,735

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2,200	2,200

6. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 September 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 August 2025
	£	£	£	£	£
Mr Panos Eliades	347,414	47,183	5,518	-	389,079

The above loans are unsecured and repayable on demand. Where applicable interest has been charged on these loans by the company at the average official rate of interest.

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Panos Eliades Franklin & Co Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 August 2025

7. Related Party Transactions

During the year, the Company incurred costs on behalf of a related party, which were recharged on a no-gain, no-loss basis. All amounts relating to these recharges were fully recovered as at the reporting date.

At the year end, a loan of £130,756 was outstanding to a company under the control of a director. The loan is unsecured, interest-free and paybale on demand. No guarantees have been given or received in respect of this balance.

8. Liability Limitation Agreement With The Accountant

The company has entered into a liability limitation agreement with the accountants Lee Christian & Co Limited in respect of advice given and the preparation of any financial statements. The liability agreement strictly restricts the liability of Lee Christian & Co Limited solely to Panos Eliades Franklin & Co Limited (the company) and further restricts the liability of Lee Christian & Co Limited to the company in accordance with the Lee Christian & Co Limited engagement letter and terms and conditions.

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Director	Mr P O Eliades

Company Number	07993107

Registered Office	Olympia House
	Armitage Road
	London
	NW11 8RQ

Accountants	Lee Christian & Co Limited
	Chartered Certified Accountants
	Suite 222 Cuffley Point
	Cuffley Place, Sopers Road
	Cuffley
	Hertfordshire
	EN6 4RY