REGISTERED NUMBER: 02871534 (England and Wales)

Financial Statements for the Year Ended 30 November 2024

for

Pampas Estates Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N Desai

Mr A K G T Modi

SECRETARY:

Mr N Desai

REGISTERED OFFICE:

144-146 Kings Cross Road

London

WC1X 9DU

REGISTERED NUMBER:

02871534 (England and Wales)

ACCOUNTANTS:

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

FIXED ASSETS

Tangible assets

5

863,817

867,656

CURRENT ASSETS

Debtors

6

49,432

58,380

Cash at bank

44,418

67,681

93,850

126,061

CREDITORS

Amounts falling due within one year

7

233,902

275,402

NET CURRENT LIABILITIES

(140,052

)

(149,341

)

TOTAL ASSETS LESS CURRENT LIABILITIES

723,765

718,315

CREDITORS

Amounts falling due after more than one year

8

270,783

379,421

NET ASSETS

452,982

338,894

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

452,882

338,794

SHAREHOLDER FUNDS

452,982

338,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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 27 November 2025 and were signed on its behalf by:

Mr A K G T Modi - Director

1.	STATUTORY INFORMATION

Pampas Estates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover represents amounts received by the Company in respect of rents during the year and takings from operating a restaurant.

Tangible fixed assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - Building value 40% @ 1% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the

acquisition date, allocated to each of the cash-generating units that are expected to benefit from

the synergies of the combination, irrespective of whether other assets or liabilities of the

company are assigned to those units.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 December 2023

and 30 November 2024

959,704

DEPRECIATION

At 1 December 2023

92,048

Charge for year

3,839

At 30 November 2024

95,887

NET BOOK VALUE

At 30 November 2024

863,817

At 30 November 2023

867,656

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Other debtors

49,432

58,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts (see note 9)

95,904

94,201

Trade creditors

320

4,076

Taxation and social security

38,162

49,296

Other creditors

99,516

127,829

233,902

275,402

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans (see note 9)

104,953

183,591

Other creditors

165,830

195,830

270,783

379,421

9.

LOANS

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank loans

95,904

94,201

Amounts falling due between one and two years:

Bank loans

98,230

166,792

Bank loans 2

6,723

16,799

104,953

183,591

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.24

30.11.23

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

earnings

£

At 1 December 2023

338,794

Profit for the year

114,088

At 30 November 2024

452,882

12.	RELATED PARTY TRANSACTIONS

The company is controlled by it's directors Mr A Modi and Mr N Desai.