Pannion Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08917362 (England and Wales)

Unaudited Financial Statements

for the Period 1 March 2016 to 31 March 2017

for

Pannion Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr HJ Thaker

REGISTERED OFFICE:

Elthorne Gate

64 High Street

Pinner

Middlesex

HA5 5QA

REGISTERED NUMBER:

08917362 (England and Wales)

ACCOUNTANTS:

Aequitas

Chartered Accountants

Elthorne Gate

64 High Street

Pinner

Middlesex

HA5 5QA

FIXED ASSETS

Investments

4

60

-

CURRENT ASSETS

Debtors

5

1,449,970

1,220,625

Investments

6

1,595,773

800,000

Cash at bank and in hand

39,594

4,939

3,085,337

2,025,564

CREDITORS

Amounts falling due within one year

7

341,240

272,478

NET CURRENT ASSETS

2,744,097

1,753,086

TOTAL ASSETS LESS CURRENT LIABILITIES

2,744,157

1,753,086

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,744,057

1,752,986

2,744,157

1,753,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 November 2017 and were signed by:

Mr HJ Thaker - Director

1.	STATUTORY INFORMATION

Pannion 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or

other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

60

At 31 March 2017

60

NET BOOK VALUE

At 31 March 2017

60

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

29.2.16

£

£

Trade debtors

1,066,270

1,220,625

Amounts owed by group undertakings

383,700

-

1,449,970

1,220,625

6.	CURRENT ASSET INVESTMENTS

31.3.17

29.2.16

£

£

Listed investments

1,595,773

800,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

29.2.16

£

£

Tax

224,220

261,039

Directors' loan

100,928

10,119

Accruals and deferred income

16,092

1,320

341,240

272,478