PAN Trustees Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03401538 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

PAN TRUSTEES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Cheeseman

C D J Goddard

Mrs J E Cheeseman

R A R Mattingly

S Delo

G R Robilliard

A H B Hobman

SECRETARY:

A J Cheeseman

REGISTERED OFFICE:

3, Castlefield Court

Church Street

Reigate

Surrey

RH2 0AH

REGISTERED NUMBER:

03401538 (England and Wales)

ACCOUNTANTS:

WBD Accountants Limited

Marlbridge House

Enterprise Way

Edenbridge

Kent

TN8 6HF

CURRENT ASSETS

Debtors

569,942

543,456

Cash at bank

734,168

666,552

1,304,110

1,210,008

CREDITORS

Amounts falling due within one year

593,177

486,002

NET CURRENT ASSETS

710,933

724,006

TOTAL ASSETS LESS CURRENT
LIABILITIES

710,933

724,006

CAPITAL AND RESERVES

Called up share capital

2

100,060

Profit and loss account

610,873

623,946

SHAREHOLDERS' FUNDS

710,933

724,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 July 2016 and were signed on its behalf by:

A J Cheeseman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

250,000

Ordinary shares

£1

100,060

3.	ULTIMATE PARENT COMPANY

The ultimate parent company is PAN Trustee Services Limited.

4.	TRANSACTIONS WITH DIRECTORS

A J Cheeseman and R Mattingly were both directors of this company and partners in PAN Associates during the

year.

During the year PAN Associates charged PAN Trustees Limited £70,000 (2015: £30,000) for services and

facilities supplied. At the balance sheet date the partnership was owed £30,000 (2015: £nil) by PAN Trustees

Limited.

A J Cheeseman, R Mattingly and C D J Goddard were directors of this company and partners in PAN

Governance LLP during the year.

During the year PAN Trustees Limited charged PAN Governance LLP £nil (2015: £6,250) for services and

facilities supplied. Included in other debtors, at the balance sheet dat,e the company was owed £11,888 (2015:

£21,828) by PAN Governance LLP.

During the year, PAN Trustees North LLP, an LLP in which A J Cheeseman and C D J Goddard are members,

charged the company £300,936 (2015: £369,685) for services supplied. Included in the balance sheet at the

balance sheet date is £158,199 (2015: £166,279) owed by PAN Trustees Limited. During the year year PAN

Trustees Limited charged PAN Trustees North LLP £nil (2015: £15,557) for recharged expenses and at the

balance sheet date, included in debtors was £nil (2015: £15,557) owed by PAN Trustees North LLP.

5.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the year by A J Cheeseman by virtue of his shareholding in PAN

Trustee Services Limited the ultimate parent company.