Caseware UK (AP4) 2021.0.152 2021.0.152 2022-05-312022-05-311false2021-06-01falseTaxi operation1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12598521 2021-06-01 2022-05-31 12598521 2020-06-01 2021-05-31 12598521 2022-05-31 12598521 2021-05-31 12598521 c:Director1 2021-06-01 2022-05-31 12598521 d:CurrentFinancialInstruments 2022-05-31 12598521 d:CurrentFinancialInstruments 2021-05-31 12598521 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 12598521 d:CurrentFinancialInstruments d:WithinOneYear 2021-05-31 12598521 d:ShareCapital 2022-05-31 12598521 d:ShareCapital 2021-05-31 12598521 d:RetainedEarningsAccumulatedLosses 2022-05-31 12598521 d:RetainedEarningsAccumulatedLosses 2021-05-31 12598521 c:OrdinaryShareClass1 2021-06-01 2022-05-31 12598521 c:OrdinaryShareClass1 2022-05-31 12598521 c:OrdinaryShareClass1 2021-05-31 12598521 c:FRS102 2021-06-01 2022-05-31 12598521 c:AuditExempt-NoAccountantsReport 2021-06-01 2022-05-31 12598521 c:FullAccounts 2021-06-01 2022-05-31 12598521 c:PrivateLimitedCompanyLtd 2021-06-01 2022-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12598521










PANTHER CAMBRIDGE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2022

 
PANTHER CAMBRIDGE LIMITED
REGISTERED NUMBER: 12598521

BALANCE SHEET
AS AT 31 MAY 2022

2022
2021
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
19,671
10

Cash at bank and in hand
 5 
17,544
-

  
37,215
10

Creditors: amounts falling due within one year
 6 
(20,841)
-

Net current assets
  
 
 
16,374
 
 
10

  

Net assets
  
16,374
10


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
16,364
-

  
16,374
10


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 August 2022.




A J Raynham
Director

The notes on pages 2 to 4 form part of these financial statements.
Page 1

 
PANTHER CAMBRIDGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1.


General information

Panther Cambridge Limited is a private Company limited by shares and incorporated in England and Wales within the United Kingdom. The address of its registered office is The Warehouse, Covent Drive, Waterbeach, Cambridge, CB25 9QT.
The company commenced trading on 1 September 2021. The principal activity of the Company was that of taxi services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The Company's functional and presentational currency is GBP. These financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors consider that the resources available to the Company will be sufficient for it to be able to continue as a going concern and as a result the financial statements do not contain any adjustments that would be required if the Company were not able to continue as a going concern.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
PANTHER CAMBRIDGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.7

Creditors

Short-term creditors are measured at the transaction price.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2021 - 1).


4.


Debtors

2022
2021
£
£


Trade debtors
19,661
-

Called up share capital not paid
10
10

19,671
10



5.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
17,544
-


Page 3

 
PANTHER CAMBRIDGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

6.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
15,103
-

Corporation tax
3,838
-

Other taxation and social security
1,840
-

Other creditors
60
-

20,841
-



7.


Share capital

2022
2021
£
£
Allotted, called up and partly paid



10 (2021 - 10) Ordinary shares of £1.00 each
10
10



8.


Related party transactions

During the year purchases totalling £74,396 (2021 - £Nil) were made from Panther Taxis Limited, a company in which Mr A J Raynham is also a director. 
The balance outstanding at the year end owed to Panther Taxis Limited was £15,103 (2021 - £Nil).


9.


Controlling party

The company is under the ultimate control of Mr A J Raynham by virtue of his majority shareholding.

Page 4