Pantelli Associates Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 04609256 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 31 JANUARY 2023

FOR

PANTELLI ASSOCIATES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Andros Pantelli

Mrs Margarita Pantelli

SECRETARY:

Mrs Margarita Pantelli

REGISTERED OFFICE:

c/o Michael Filiou Ltd

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

REGISTERED NUMBER:

04609256 (England and Wales)

ACCOUNTANTS:

Michael Filiou Ltd

Chartered Certified Accountants

www.michaelfiliou.com

Salisbury House

81 High Street

Potters Bar

Hertfordshire

EN6 5AS

FIXED ASSETS

Tangible assets

5

4,684

5,376

CURRENT ASSETS

Debtors

947,450

1,213,092

Cash at bank and in hand

43,115

80,423

990,565

1,293,515

CREDITORS

Amounts falling due within one year

199,771

296,791

NET CURRENT ASSETS

790,794

996,724

TOTAL ASSETS LESS CURRENT LIABILITIES

795,478

1,002,100

CREDITORS

Amounts falling due after more than one year

31,667

-

NET ASSETS

763,811

1,002,100

CAPITAL AND RESERVES

Called up share capital

6

5,000

5,000

Retained earnings

758,811

997,100

SHAREHOLDERS' FUNDS

763,811

1,002,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 March 2023 and were signed on its behalf by:

Mr Andros Pantelli - Director

1.	STATUTORY INFORMATION

Pantelli Associates 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

Basis of preparing the financial statements

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

Turnover

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

Grant income

Government grants are recognised in the profit and loss in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 5 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 January 2023

25,533

DEPRECIATION

At 1 April 2022

20,157

Charge for period

692

At 31 January 2023

20,849

NET BOOK VALUE

At 31 January 2023

4,684

At 31 March 2022

5,376

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

5,000

Ordinary

£1

5,000

5,000

7.	RELATED PARTY DISCLOSURES

Pantelli Investments Limited

The company is controlled by the directors, who between them hold 100% of the issued share capital.

At the balance sheet date, the amount due from Pantelli Investments Limited was £709,904 (2022 - £709,794).

Pantelli Consultants Ltd

The company is controlled by the director Mr Andros Pantelli by virtue of the fact that he holds 70% of the issued share capital.

As at the balance sheet date, the amount due to Pantelli Consultants Ltd was £116,839 (2022 - £108,808).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the director, Mr Andros Pantelli,and his wife Mrs Margarita Pantelli.