Pangea Advisors Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06422175

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		-		21,919
Investments	5		45,075		56,344

			45,075		78,263
CURRENT ASSETS
Debtors	6	319,312		310,311
Cash at bank and in hand		14,065		15,457

		333,377		325,768
Creditors: Amounts Falling Due Within One Year	7	(365,440 )		(364,074 )

NET CURRENT ASSETS (LIABILITIES)			(32,063 )		(38,306 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,012		39,957

NET ASSETS			13,012		39,957

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			12,912		39,857

SHAREHOLDERS' FUNDS			13,012		39,957

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Pangea Advisors Ltd

Balance Sheet (continued)

As At 30 November 2025

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

The director acknowledges her 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 Profit and Loss Account.

On behalf of the board

Miss Anna Maria Kastal

Director

30/07/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pangea Advisors Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06422175 . The registered office is 3rd Floor Portman House, 2, Portman Street, London, W1H 6DU.

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 financial statements have been prepared on a going concern basis. At the balance sheet date the company had net current liabilities of £32,063 (2024: £38,306) and net assets of £13,012 (2024: £39,957). The director has considered the company's ability to meet its liabilities as they fall due for a period of at least twelve months from the date of approval of these financial statements, taking into account the fact that the amounts owed to and by Pangea Italia are not expected to be called for settlement other than on a net basis, and has concluded that it remains appropriate to prepare the financial statements on a going concern basis.

2.3. Significant judgements and estimations

In preparing these financial statements the director has made the following judgements which have a significant effect on the amounts recognised. The recoverable amount of the investment in, and of the amounts receivable from, Pangea Italia has been assessed following the loss of that undertaking's accounting records. An impairment of £11,269 has been recognised against the investment. No impairment has been recognised against the amount receivable of £315,789 (2024: £307,519) because the company also owes £358,876 (2024: £358,876) to the same undertaking and the balances are expected to be settled net. Were the balances not to be settled on this basis, a material adjustment to the carrying amount of the receivable would be required within the next financial year.

2.4. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.5. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets comprise branding copyright, which is amortised to the profit and loss account over its estimated economic life of three years.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Pangea Advisors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 December 2024	76,279

As at 30 November 2025	76,279

Amortisation
As at 1 December 2024	54,360
Provided during the period	21,919

As at 30 November 2025	76,279

Net Book Value
As at 30 November 2025	-

As at 1 December 2024	21,919

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 December 2024	56,344

As at 30 November 2025	56,344

Provision
As at 1 December 2024	-
Added in period	11,269

As at 30 November 2025	11,269

Net Book Value
As at 30 November 2025	45,075

As at 1 December 2024	56,344

The investment comprises an unlisted equity interest in Pangea Italia. Following the loss of the undertaking's accounting records in a fire in January 2024, the director has reviewed the carrying amount of the investment and recognised an impairment provision of £11,269, being 20% of cost, which is charged to the profit and loss account within amounts written off investments.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	2,428	-
Amounts owed by participating interests	315,789	307,519
Other debtors	1,095	2,792

	319,312	310,311

Certain comparative amounts have been reclassified to disclose separately amounts owed by and to undertakings in which the company has a participating interest. The reclassification has no effect on the total debtors, total creditors, result or net assets previously reported.

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Pangea Advisors Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,553	1,983
Bank loans and overdrafts	3,065	-
Amounts owed to participating interests	358,876	358,876
Other creditors	1,512	2,786
Taxation and social security	434	429

	365,440	364,074

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Related Party Transactions

At the balance sheet date the company was owed £315,789 (2024: £307,519) by that undertaking and owed £358,876 (2024: £358,876) to it.

The balances are unsecured and repayable on demand.

10. Related Undertakings

During the year the company recognised interest receivable of £61 (2024: £nil) on balances with Pangea Italia Srl, an undertaking in which the company holds a participating interest.

The company holds a participating interest in the following undertaking:

Name: Pangea Italia Srl. Country of incorporation: Italy. Registered office: Piazza IV novembre, 31 - Azzano san Paolo (BG) Italy. Class of shares held: Ordinary. Proportion of voting rights and shares held: 100%.Principal activity: Business Consulting.

The company is exempt from the requirement to prepare group accounts by virtue of section 383 of the Companies Act 2006, on the grounds that it heads a small group.

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