I. C. PAUN LTD

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—4

Registered number: 07234513

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		33,913		35,591

			33,913		35,591
CURRENT ASSETS
Cash at bank and in hand		12,950		5,150

		12,950		5,150
Creditors: Amounts Falling Due Within One Year	5	(202,916 )		(197,483 )

NET CURRENT ASSETS (LIABILITIES)			(189,966 )		(192,333 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(156,053 )		(156,742 )

Creditors: Amounts Falling Due After More Than One Year	6		(43,674 )		(66,522 )

NET LIABILITIES			(199,727 )		(223,264 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Income Statement			(199,728 )		(223,265 )

SHAREHOLDERS' FUNDS			(199,727)		(223,264)

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I. C. PAUN LTD

Statement of Financial Position (continued)

As At 30 April 2026

For the year ending 30 April 2026 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 his 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 Income Statement.

On behalf of the board

IULIAN CRISTI PAUN

Director

20 October 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

I. C. PAUN LTD is a private company, limited by shares, incorporated in England & Wales, registered number 07234513 . The registered office is 40 Burgess Avenue, London, NW9 8TY.

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. 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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% reducing balance method
Fixtures & Fittings	20% reducing balance method

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the income statement as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2025: 2)

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I. C. PAUN LTD

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 May 2025	278,748	2,291	281,039
Additions	6,800	-	6,800

As at 30 April 2026	285,548	2,291	287,839

Depreciation
As at 1 May 2025	243,370	2,078	245,448
Provided during the period	8,435	43	8,478

As at 30 April 2026	251,805	2,121	253,926

Net Book Value
As at 30 April 2026	33,743	170	33,913

As at 1 May 2025	35,378	213	35,591

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Bank loans and overdrafts	14,936	14,897
Other loans	8,337	5,637
Other creditors	89,353	114,028
Taxation and social security	90,290	62,921

	202,916	197,483

6. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	6,749
BBL loan	26,342	34,497
HSBC loan	17,332	25,276

	43,674	66,522

7. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	-	6,749

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1	1

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