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REGISTERED NUMBER: OC343083 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

PANTHERA PRIVATE OFFICE LLP

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)






Contents of the Financial Statements
for the year ended 31st March 2023




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

PANTHERA PRIVATE OFFICE LLP

General Information
for the year ended 31st March 2023







DESIGNATED MEMBERS: S J Russell
St. James's Place Acquisition Services Limited





REGISTERED OFFICE: Suffolk House
George Street
Croydon
Surrey
CR0 0YN





REGISTERED NUMBER: OC343083 (England and Wales)





ACCOUNTANTS: Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Statement of Financial Position
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 27,932 35,533
Investments 5 2,254 9,817
30,186 45,350

CURRENT ASSETS
Debtors 6 308,641 176,976
Cash at bank 165,104 127,036
473,745 304,012
CREDITORS
Amounts falling due within one year 7 322,378 315,701
NET CURRENT ASSETS/(LIABILITIES) 151,367 (11,689 )
TOTAL ASSETS LESS CURRENT LIABILITIES 181,553 33,661

PROVISIONS FOR LIABILITIES 20,000 20,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 161,553 13,661

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,273,238

972,476

MEMBERS' OTHER INTERESTS
Capital accounts 41,000 41,000
Other reserves (1,152,685 ) (999,815 )
161,553 13,661

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,273,238 972,476
Members' other interests (1,111,685 ) (958,815 )
161,553 13,661

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Statement of Financial Position - continued
31st March 2023


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 31st March 2023.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 17th November 2023 and were signed by:





S J Russell - Designated member

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements
for the year ended 31st March 2023

1. STATUTORY INFORMATION

Panthera Private Office LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Panthera Private Office LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 398 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements.

The financial statements contain information about Panthera Private Office LLP as an individual LLP and do not contain consolidated financial information as the parent of a group. The LLP has taken the option under Section 399 (2A) of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 not to prepare consolidated financial statements because the LLP is subject to the small companies regime.

Critical accounting judgements and key sources of estimation uncertainty
In preparing these financial statements, the members have had to make the following judgements:

Property, plant & equipment
Items of property, plant & equipment are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on the number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

As of 1 April 2021, the residual useful economic lives of short leasehold and improvements to property were reassessed, resulting in an extension of their expected lives to 31 August 2027. The overall impact of this change in accounting estimate is to reduce the charge for the year ended 31 March 2022 by £34,356.

Accrued and deferred income
Income is periodic in nature and contracts are assessed at the date of the Statement of Financial Position to determine whether adjustment needs to be made either for amounts that have been invoiced in respect of future periods or for periods where services have been rendered where an invoice has not yet been raised.

Turnover
Revenue is measured at the fair value of the consideration received or receivable for services performed during the accounting period, excluding discounts, rebates, value added tax or other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the lease
Improvements to property - in accordance with the lease
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The LLP only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received.

Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Where financial assets are found to be impaired, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate of their fair value, which is an approximation of the amount that the LLP would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the Statement of Financial Position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
Having considered a period of at least 12 months from the date of approval of these financial statements, the members have a reasonable expectation that the LLP will continue to have adequate resources to continue in operational existence in the foreseeable future and consequently have adopted the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the year was 9 (2022 - 7 ) .

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2022
and 31st March 2023 15,588 189,911 74,681 23,529 303,709
DEPRECIATION
At 1st April 2022 13,395 157,848 74,681 22,252 268,176
Charge for year 405 5,919 - 1,277 7,601
At 31st March 2023 13,800 163,767 74,681 23,529 275,777
NET BOOK VALUE
At 31st March 2023 1,788 26,144 - - 27,932
At 31st March 2022 2,193 32,063 - 1,277 35,533

5. FIXED ASSET INVESTMENTS
Loans to
group
undertakings
£   
At 1st April 2022 9,817
Repayment in year (7,563 )
At 31st March 2023 2,254

The LLP is a member of two subsidiary LLPs.


Name

Country of Incorporation
Voting
Rights

Principal Activity
Panthera Finance LLP England and Wales 66.67% Mortgage broking
Panthera Tax LLP England and Wales 66.67% Tax advisory services

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,152 83,495
Amounts owed by associates 53,258 -
Prepayments 23,663 9,676
Accrued income 50,568 83,805
308,641 176,976

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 84,192 101,536
Trade creditors 78,747 92,547
Social security and other taxes - 27,868
VAT 27,462 12,053
Other creditors 70,867 24,352
Deferred income 17,500 27,144
Accrued expenses 43,610 30,201
322,378 315,701

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans due to members are subordinated to unsecured creditors. Other debts due to members rank pari passu with unsecured creditors. No protection is offered by members to creditors in excess of capital or loans already contributed to the LLP.

Chartered Accountants' Report to the Members
on the Unaudited Financial Statements of
Panthera Private Office LLP

The following reproduces the text of the report prepared for the members in respect of the LLP's annual unaudited financial statements. In accordance with the Companies Act 2006, the LLP is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Members are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, we have prepared for your approval the financial statements of Panthera Private Office LLP for the year ended 31st March 2023 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Reconciliation of Members' Interests and the related notes from the LLP's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the members of Panthera Private Office LLP, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Panthera Private Office LLP and state those matters that we have agreed to state to the members of Panthera Private Office LLP, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Panthera Private Office LLP and its members, as a body, for our work or for this report.

It is your duty to ensure that Panthera Private Office LLP has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Panthera Private Office LLP. You consider that Panthera Private Office LLP is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Panthera Private Office LLP. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Simpson Wreford & Partners
Chartered Accountants
Suffolk House
George Street
Croydon
Surrey
CR0 0YN


17th November 2023