Charlotte Panda Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08086321 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2020

for

Charlotte Panda Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms Q Qin

SECRETARY:

M Ling

REGISTERED OFFICE:

Office 419

17 Hanover Square

London

W1S 1HU

REGISTERED NUMBER:

08086321 (England and Wales)

ACCOUNTANTS:

L&W Chartered Certified Accountants

1st Floor

30 Charing Cross Road

London

WC2H 0DE

FIXED ASSETS

Tangible assets

4

436

581

CURRENT ASSETS

Stocks

10,000

-

Debtors

5

11,560

10,464

Prepayments and accrued income

7

7

Cash at bank and in hand

16,981

5,382

38,548

15,853

CREDITORS

Amounts falling due within one year

6

11,960

7,137

NET CURRENT ASSETS

26,588

8,716

TOTAL ASSETS LESS CURRENT LIABILITIES

27,024

9,297

CREDITORS

Amounts falling due after more than one year

7

29,560

12,587

NET LIABILITIES

(2,536

)

(3,290

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(3,536

)

(4,290

)

SHAREHOLDERS' FUNDS

(2,536

)

(3,290

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 22 March 2021 and were signed by:

Ms Q Qin - Director

1.	STATUTORY INFORMATION

Charlotte Panda Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Fees received is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 June 2019

and 31 May 2020

1,703

DEPRECIATION

At 1 June 2019

1,122

Charge for year

145

At 31 May 2020

1,267

NET BOOK VALUE

At 31 May 2020

436

At 31 May 2019

581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Other debtors

10,464

10,464

VAT

1,096

-

11,560

10,464

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.20

31.5.19

£

£

Trade creditors

1

-

Taxation and social security

-

702

Other creditors

11,959

6,435

11,960

7,137

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.20

31.5.19

£

£

Other creditors

29,560

12,587