Panarese Group Limited

Panarese Group Limited

PANARESE GROUP LIMITED - Company Information

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Acorah Software Products - Accounts Production 14.6.300 false true 31 May 2022 1 June 2021 false true No description of principal activity 1 June 2022 31 May 2023 31 May 2023 08110785 Mr Marco Panarese iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08110785 2022-05-31 08110785 2023-05-31 08110785 2022-06-01 2023-05-31 08110785 frs-core:CurrentFinancialInstruments 2023-05-31 08110785 frs-core:Non-currentFinancialInstruments 2023-05-31 08110785 frs-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 08110785 frs-bus:FilletedAccounts 2022-06-01 2023-05-31 08110785 frs-bus:Micro-entities 2022-06-01 2023-05-31 08110785 frs-bus:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 08110785 frs-bus:Director1 2022-06-01 2023-05-31 08110785 frs-bus:Director1 2022-05-31 08110785 frs-bus:Director1 2023-05-31 08110785 2021-05-31 08110785 2022-05-31 08110785 2021-06-01 2022-05-31 08110785 frs-core:CurrentFinancialInstruments 2022-05-31 08110785 frs-core:Non-currentFinancialInstruments 2022-05-31
Registered number: 08110785
Panarese Group Limited
Financial Statements
For The Year Ended 31 May 2023
Padiham & Burnley Accountancy Services Ltd
Office 212 Padiham Town Hall
Burnley Road
Padiham
Lancashire
BB12 8BN
Panarese Group Limited
Balance Sheet
As At 31 May 2023
Balance Sheet
Registered number: 08110785
2023 2022
£ £
Fixed assets 6,750 9,083
Current assets 181,090 193,224
Prepayments and accrued income 521 1,646
Creditors: Amounts Falling Due Within One Year (128,274 ) (95,269 )
NET CURRENT ASSETS 53,337 99,601
TOTAL ASSETS LESS CURRENT LIABILITIES 60,087 108,684
Creditors: Amounts Falling After More Than One Year (117,093 ) (108,198 )
Accruals and deferred income (1,063 ) (305 )
NET (LIABILITIES)/ASSETS (58,069 ) 181
CAPITAL AND RESERVES (58,069 ) 181

Notes

1. General Information
Panarese Group Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08110785 . The registered office is 9 Old Worden Avenue, Buckshaw Village, Chorley, Lancashire, PR7 7DG.
2. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
3. Secured Creditors
Of the creditors the following amounts are secured.
2023 2022
£ £
Bank loans and overdrafts 39,245 36,995
4. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2022 Amounts advanced Amounts repaid Amounts written off As at 31 May 2023
£ £ £ £ £
Mr Marco Panarese - 49,370 - - 49,370
The above loan is unsecured and repayable within 9 months. Interest is charged at the beneficial rate published by HMRC of 2.25% for 2023-24.
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Panarese Group Limited
Balance Sheet (continued)
As At 31 May 2023
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr Marco Panarese
Director
13 May 2024