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REGISTERED NUMBER: OC425758 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Panthera Tax LLP

Panthera Tax LLP (Registered number: OC425758)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Balance Sheet 1

Notes to the Financial Statements 2


Panthera Tax LLP (Registered number: OC425758)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 523 1,248

CURRENT ASSETS
Stocks 4,050 24,250
Debtors 5 22,556 25,831
Cash at bank 20,743 23,174
47,349 73,255
CREDITORS
Amounts falling due within one year 6 (20,479 ) (21,555 )
NET CURRENT ASSETS 26,870 51,700
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 27,393 52,948

LOANS AND OTHER DEBTS DUE TO MEMBERS 27,393 52,948

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 27,393 52,948

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 31 March 2022.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 5 September 2022 and were signed by:




Mr J M Q Brooks - Designated member

Panthera Tax LLP (Registered number: OC425758)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Panthera Tax LLP is registered in England and Wales. The LLP's registered number and registered office address are as below:

Registered number: OC425758

Registered office: Aldermary House
10-15 Queen Street
London
EC4N 1TX

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 1 (2021 - 1 ) .

Panthera Tax LLP (Registered number: OC425758)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021
and 31 March 2022 2,174
DEPRECIATION
At 1 April 2021 926
Charge for year 725
At 31 March 2022 1,651
NET BOOK VALUE
At 31 March 2022 523
At 31 March 2021 1,248

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 19,508 22,800
Prepayments 3,048 3,031
22,556 25,831

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
VAT 11,389 11,955
Other creditors - 1,000
Accrued expenses 9,090 8,600
20,479 21,555