Pan Investments Farnborough Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13935381 (England and Wales)

Pan Investments Farnborough Limited

Unaudited Financial Statements

for the period

23 February 2022 to 31 March 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

N P Hockley

P A Hockley

Registered office:

250 Fowler Avenue

Farnborough

Hampshire

GU14 7JP

Registered number:

13935381 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

250 Fowler Avenue

Farnborough

Hampshire

GU14 7JP

Fixed assets

Investments

5

1,002,941

Current assets

Debtors

6

100

Creditors

Amounts falling due within one year

7

1,002,841

Net current liabilities

(1,002,741

)

Total assets less current liabilities

200

Capital and reserves

Called up share capital

8

200

Shareholders' funds

200

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

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

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 6 February 2024 and were signed on its behalf by:

N P Hockley - Director

1.	Statutory information

Pan Investments Farnborough 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.

Preparation of consolidated financial statements

The financial statements contain information about Pan Investments Farnborough Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

Investment valuation

The directors have reviewed the value of the investments, as detailed in note 5 and considers that no impairment adjustment is required.

Investments in subsidiaries

Interests in subsidiary are measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit or loss. A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and amounts due by group undertakings, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and amounts due to group undertakings are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the support provided by the directors. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

4.	Employees and directors

The average number of employees during the period was 2 .

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

Additions

1,002,941

At 31 March 2023

1,002,941

Net book value

At 31 March 2023

1,002,941

6.

Debtors: amounts falling due within one year

£

Other debtors

100

7.

Creditors: amounts falling due within one year

£

Amounts owed to group undertakings

1,002,841

8.	Called up share capital

Allotted and issued:

Number:

Class:

Nominal

value:

£

200

Share capital 1

£1

200

200 Ordinary shares of £1 each were allotted at par during the period.