PANEL GROUP INVESTMENTS LIMITED

PANEL GROUP INVESTMENTS LIMITED

PANEL GROUP INVESTMENTS LIMITED - Company Information

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1 December 2021 false No description of principal activity Taxfiler 2023.6.2 06755693business:PrivateLimitedCompanyLtd2021-12-012022-11-30 067556932021-11-30 067556932021-12-012022-11-30 06755693business:AuditExempt-NoAccountantsReport2021-12-012022-11-30 06755693business:FullAccounts2021-12-012022-11-30 067556932022-11-30 06755693business:Director12021-12-012022-11-30 06755693business:Director22021-12-012022-11-30 06755693business:RegisteredOffice2021-12-012022-11-30 067556932021-11-30 06755693core:WithinOneYear2022-11-30 06755693core:WithinOneYear2021-11-30 06755693core:AfterOneYear2022-11-30 06755693core:AfterOneYear2021-11-30 06755693core:ShareCapital2022-11-30 06755693core:ShareCapital2021-11-30 06755693core:RevaluationReserve2022-11-30 06755693core:RevaluationReserve2021-11-30 06755693core:RetainedEarningsAccumulatedLosses2022-11-30 06755693core:RetainedEarningsAccumulatedLosses2021-11-30 06755693business:SmallEntities2021-12-012022-11-30 06755693countries:EnglandWales2021-12-012022-11-30 06755693core:RevaluationsIncreaseDecreaseInInvestments2022-11-30 067556932020-12-012021-11-30 iso4217:GBP xbrli:pure
Company Registration No. 06755693 (England and Wales)
PANEL GROUP INVESTMENTS LIMITED Unaudited accounts for the year ended 30 November 2022
PANEL GROUP INVESTMENTS LIMITED Unaudited accounts Contents
Page
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PANEL GROUP INVESTMENTS LIMITED Company Information for the year ended 30 November 2022
Directors
ANTONIADIS, Dimitrios KNOX, Frederick Samuel
Company Number
06755693 (England and Wales)
Registered Office
42 BROOK STREET OFFICE: 3.08 LONDON W1K 5DB ENGLAND
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PANEL GROUP INVESTMENTS LIMITED Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investments
4
428,116 
422,612 
Current assets
Cash at bank and in hand
3,909 
3,858 
Creditors: amounts falling due within one year
5
(1,626)
(2,441)
Net current assets
2,283 
1,417 
Total assets less current liabilities
430,399 
424,029 
Creditors: amounts falling due after more than one year
6
(449,127)
(441,550)
Net liabilities
(18,728)
(17,521)
Capital and reserves
Called up share capital
2 
2 
Revaluation reserve
(28)
(21)
Profit and loss account
(18,702)
(17,502)
Shareholders' funds
(18,728)
(17,521)
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2023 and were signed on its behalf by
KNOX, Frederick Samuel Director Company Registration No. 06755693
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PANEL GROUP INVESTMENTS LIMITED Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
PANEL GROUP INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06755693. The registered office is 42 BROOK STREET, OFFICE: 3.08, LONDON, W1K 5DB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 December 2021
422,612 
Fair value adjustments
5,504 
Valuation at 30 November 2022
428,116 
Details of the company's subsidiaries at 30 November 2022 are as follows: EUR496,000 value investment of 100% share capital in Horizon Investments EOOD, a company registered in Republic of Bulgaria. The investments in subsidiaries are all stated at cost. At each reporting end date, the balance is retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the revaluation reserve.
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
1,626 
2,441 
6
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Other creditors
432,426 
426,864 
Loans from directors
16,701 
14,686 
449,127 
441,550 
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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