Company Registration No. 11052225 (England and Wales)
Panella London Ltd
Unaudited accounts
for the year ended 30 November 2025
Panella London Ltd
Annual report and unaudited accounts
for the year ended 30 November 2025
Panella London Ltd
Statement of Financial Position
as at 30 November 2025
Fixed assets
11,523
16,633
Current assets
133,007
113,937
Prepayments and accrued income
650
1,175
Creditors: amounts falling due within one year
(36,203)
(22,652)
Net current assets
97,454
92,460
Total assets less current liabilities
108,977
109,093
Accruals and deferred income
(5,883)
(1,338)
Net assets
103,094
107,755
Capital and reserves
103,094
107,755
Panella London Ltd is a private company, limited by shares, registered in England and Wales, registration number 11052225. The registered office is 2 Kington House, Mortimer Crescent, London, NW6 5NU, United Kingdom.
2 Directors' advances, credit and guarantees
The Directors have a joint loan account. During the year under review the Directors were advanced £2,025 (2024: £5,962). The Directors made repayments of £6,844 (2024: £1,143) .
The loan was repaid by 30th November 2025 including the balance brought forward at 30 November 2024 of £4,819.
Interest is charged on Directors loans if the outstanding balance is more than £10,000. Interest is charged on the outstanding balance using the official rate as set by HMRC.
As the overdrawn balance on the loan did not exceed £10,000, no interest has been charged on the loan in the year to 30th November 2025 (2024: Nil).
The loan was unsecured and was repayable on demand.
3 Average number of employees
During the year the average number of employees was 3 (2024: 3).
Panella London Ltd
Statement of Financial Position
as at 30 November 2025 (continued)
For the year ending 30 November 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 in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 28 July 2026
Giuseppe Di Matteo
Director
Company Registration No. 11052225