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REGISTERED NUMBER: 05906935 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

PANTHERELLA INTERNATIONAL GROUP LIMITED

PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PANTHERELLA INTERNATIONAL GROUP LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: N P T Hall
K F Hall
JA Hall





SECRETARY: K F Hall





REGISTERED OFFICE: 1 Hallaton Street
Leicester
Leicestershire
LE2 8QY





REGISTERED NUMBER: 05906935 (England and Wales)





AUDITORS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 612,994 630,429
Investments 5 385,811 385,811
998,805 1,016,240

CURRENT ASSETS
Stocks 6 2,113,059 1,812,820
Debtors 7 799,297 852,994
Cash at bank 572,633 1,182,391
3,484,989 3,848,205
CREDITORS
Amounts falling due within one year 8 774,051 968,543
NET CURRENT ASSETS 2,710,938 2,879,662
TOTAL ASSETS LESS CURRENT LIABILITIES 3,709,743 3,895,902

CREDITORS
Amounts falling due after more than one
year

9

341,977

341,733
NET ASSETS 3,367,766 3,554,169

CAPITAL AND RESERVES
Called up share capital 277,778 277,778
Retained earnings 3,089,988 3,276,391
SHAREHOLDERS' FUNDS 3,367,766 3,554,169

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:




N P T Hall - Director



JA Hall - Director


PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Pantherella International Group 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.

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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:

- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.


PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 year 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.

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

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Going concern
As at the point of authorising the accounts, and for the foreseeable future, the directors consider the going concern assumption to still be appropriate. The directors acknowledge that given the rapidly changing business and social environment, there are likely to be significant unknown factors which may present themselves.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2022 - 75 ) .

PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 1,571,271 374,895 86,936 313,146 2,346,248
Additions 26,812 37,678 - 45,836 110,326
Disposals - - (44,300 ) - (44,300 )
At 30 April 2023 1,598,083 412,573 42,636 358,982 2,412,274
DEPRECIATION
At 1 May 2022 1,272,240 349,110 38,501 55,968 1,715,819
Charge for year 63,995 24,908 8,904 18,657 116,464
Eliminated on disposal - - (33,003 ) - (33,003 )
At 30 April 2023 1,336,235 374,018 14,402 74,625 1,799,280
NET BOOK VALUE
At 30 April 2023 261,848 38,555 28,234 284,357 612,994
At 30 April 2022 299,031 25,785 48,435 257,178 630,429

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 385,811
NET BOOK VALUE
At 30 April 2023 385,811
At 30 April 2022 385,811

6. STOCKS
2023 2022
£    £   
Raw materials 336,302 292,321
Finished goods 1,776,757 1,520,499
2,113,059 1,812,820

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 443,774 502,673
Other debtors 206,960 206,960
Prepayments 148,563 143,361
799,297 852,994

PANTHERELLA INTERNATIONAL GROUP LIMITED (REGISTERED NUMBER: 05906935)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 550,944 722,407
Social security and other taxes 94,558 55,273
VAT 47,634 68,262
Accruals 80,915 122,601
774,051 968,543

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 341,977 341,733

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,253 -
Between one and five years 24,575 -
39,828 -

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Buckby FCA (Senior Statutory Auditor)
For and on behalf of TC Group

12. RELATED PARTY DISCLOSURES

The directors of the company are also directors of Hallmark Properties (Leic) Limited.

The company was charged rent of £80,000 (2022: £60,000) by Hallmark Properties (Leic) Limited and recharged expenses of £63,171 (2022: £57,734). At 30 April 2023 a balance of £nil (2022: £2,245) was due from Hallmark Properties (Leic) Limited and included within trade debtors. Included within trade creditors at the year end an amount of £6,584 (2022: £nil) was due to Hallmark Properties (Leic) Limited.

NPT Hall is the ultimate controlling party of the company by virtue of his shareholdings in Pantherella International Group Limited.