REGISTERED NUMBER: 06577158 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Pandionidae Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

J G Smith

A E Smith

Registered office:

Dunslow Road

Eastfield

Scarborough

North Yorkshire

YO11 3UT

Registered number:

06577158 (England and Wales)

Accountants:

Ashby Berry Coulsons Ltd

2 Belgrave Crescent

Scarborough

North Yorkshire

YO11 1UB

Bankers:

Lloyds Bank plc

1 St. Nicholas Street

Scarborough

North Yorkshire

YO11 2YY

Fixed assets

Investments

4

1,773,441

1,818,711

Investment property

5

2,000,000

2,000,000

3,773,441

3,818,711

Current assets

Debtors

6

2,290,684

1,811,334

Cash at bank

131,974

72,519

2,422,658

1,883,853

Creditors

Amounts falling due within one year

7

22,119

59,896

Net current assets

2,400,539

1,823,957

Total assets less current liabilities

6,173,980

5,642,668

Provisions for liabilities

117,000

117,000

Net assets

6,056,980

5,525,668

Capital and reserves

Called up share capital

8

8,065

8,065

Other reserves

786,812

786,812

Fair value reserve

9

665,000

665,000

Retained earnings

4,597,103

4,065,791

Shareholders' funds

6,056,980

5,525,668

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

J G Smith - Director

1.	Statutory information

Pandionidae Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiaries are shown at the valuation following group reorganisation in 2020.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was NIL (2024 - NIL).

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 November 2024

1,818,711

Disposals

(45,270

)

At 31 October 2025

1,773,441

Net book value

At 31 October 2025

1,773,441

At 31 October 2024

1,818,711

Fixed assets investments include shares in a wholly owned trading subsidiary.

5.	Investment property

Total

£

Fair value

At 1 November 2024

and 31 October 2025

2,000,000

Net book value

At 31 October 2025

2,000,000

At 31 October 2024

2,000,000

Investment properties were valued on a fair value basis on 31 October 2025 by the directors.

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by associates

2,290,284

1,811,334

Prepayments

400

-

2,290,684

1,811,334

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Amounts owed to group undertakings

-

45,270

Taxation and social security

926

777

Other creditors

21,193

13,849

22,119

59,896

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

8,065

Ordinary

£1

8,065

8,065

9.

Reserves

Fair value reserve represents cumulative fair value gains on investment property, an element of the profit and loss account which is not realised, and not available for distribution.

2024

2023

£

£

Other reserves

786,812

786,812

Other reserve represents the value of the shares acquired in a 'share for share' exchange arrangement - not purchased in an ordinary acquisition. The value attributed is of the same fair value to an amount that might have been paid by Pandionidae Limited to acquire a similar sized shareholding in a normal cash acquisition.

10.	Related party disclosures and controlling interest

Included in debtors is £2,290,284 (2024- £1,811,334) due from Yonder Investments Limited (a company associated by common control).The loan between related party companies is interest free and has no specific repayment terms.

During the year the company received dividend income from its wholly owned trading subsidiary, Osprey Limited, totalling £591,885 (2024- £467,871).

Dividends of £64,520 (2024- £205,658) were paid to the directors who are also the shareholders.

Up to the year end the company continued to let its freehold properties rent free to its trading subsidiary, Osprey Limited.

The company and its subsidiary are considered to be under the control of the directors, namely J and A Smith.