Registration number: 02526157

Panacea Business Consulting Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

Panacea Business Consulting Ltd

(Registration number: 02526157)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	6,250	6,250
Current assets
Cash at bank and in hand		181,460	181,460
Creditors: Amounts falling due within one year	5	(198,577)	(198,577)
Net current liabilities		(17,117)	(17,117)
Net liabilities		(10,867)	(10,867)
Capital and reserves
Called up share capital		3	3
Retained earnings		(10,870)	(10,870)
Shareholders' deficit		(10,867)	(10,867)

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 June 2026
 

J C H Cook Director

Panacea Business Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11 Laura Place
Bath
BA2 4BL

These financial statements were authorised for issue by the director on 21 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. As at the date of approval of these financial statements, the company was in a net liability position. The directors have carefully considered the appropriateness of adopting the going concern basis in the preparation of these financial statements.

The company is not currently trading and therefore has limited ongoing operating expenditure. Accordingly, the directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future, being a period of at least 12 months from the date of approval of these financial statements. Consequently, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Panacea Business Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year was 1 (2024 - 1).

Panacea Business Consulting Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 September 2024	6,250	6,250
At 31 August 2025	6,250	6,250
Amortisation
Carrying amount
At 31 August 2025	6,250	6,250
At 31 August 2024	6,250	6,250

5

Creditors

Due within one year	Note	2025 £	2024 £
Trade creditors		615	615
Amounts due to related parties	6	197,662	197,662
Accruals		300	300
		198,577	198,577