PANGAEA GROUP LIMITED - Filleted accounts

Registered number

13070999

PANGAEA GROUP LIMITED

Filleted Accounts

30 November 2025

PANGAEA GROUP LIMITED
Registered number:		13070999
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,342			1,816

Current assets
Debtors	4	184,387			550,912
Cash at bank and in hand		8,276			31,740
		192,663			582,652

Creditors: amounts falling due within one year	5	(176,401)			(573,258)

Net assets			16,262			9,394

Net Assets			17,604			11,210

Capital and reserves
Called up share capital			2			2
Profit and loss account			17,602			11,208

Shareholders' funds			17,604			11,210

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Luke Hyams
Director
Approved by the board on 19 August 2026

PANGAEA GROUP LIMITED
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	3		2


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	At 1 December 2024			2,421
	Additions			175
	At 30 November 2025			2,596

	Depreciation
	At 1 December 2024			605
	Charge for the year			649
	At 30 November 2025			1,254

	Net book value
	At 30 November 2025			1,342
	At 30 November 2024			1,816


4	Debtors	2025		2024
£			£

	Trade debtors	8,840		461,987
	Amounts owed by group undertakings and undertakings in which the company has a participating interest	92,176		75,938
	Other debtors	83,371		12,987
		184,387		550,912


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Trade creditors	13,321		16,739
	Taxation and social security costs	77,565		152,909
	Other creditors	85,515		403,610
		176,401		573,258


6	Other information

	PANGAEA GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	67-169 Great Portland Street
	5th Floor
	London
	W1W 5PF