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REGISTERED NUMBER: 06644968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Panthera Security Limited

Panthera Security Limited (Registered number: 06644968)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Panthera Security Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N James
R S James





REGISTERED OFFICE: Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ





REGISTERED NUMBER: 06644968 (England and Wales)





ACCOUNTANTS: Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Panthera Security Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company 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 Directors 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, we have prepared for your approval the financial statements of Panthera Security Limited for the year ended 31 March 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company'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 Board of Directors of Panthera Security Limited, as a body, in accordance with the terms of our engagement letter dated 3 March 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Panthera Security Limited and state those matters that we have agreed to state to the Board of Directors of Panthera Security Limited, 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 Security Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Panthera Security Limited 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 Security Limited. You consider that Panthera Security Limited 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 Security Limited. 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.






Ascendant Partners Limited
Second Floor
Curzon House
24 High Street
Banstead
Surrey
SM7 2LJ


27 September 2024

Panthera Security Limited (Registered number: 06644968)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 273,561 219,822
273,561 219,822

CURRENT ASSETS
Inventories 34,057 21,708
Debtors 5 150,746 161,774
Cash at bank 6,174 52,114
190,977 235,596
CREDITORS
Amounts falling due within one year 6 43,739 60,089
NET CURRENT ASSETS 147,238 175,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,799

395,329

PROVISIONS FOR LIABILITIES 8 65,626 39,204
NET ASSETS 355,173 356,125

CAPITAL AND RESERVES
Called up share capital 105 105
Share premium 6,719 6,719
Retained earnings 348,349 349,301
SHAREHOLDERS' FUNDS 355,173 356,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Panthera Security Limited (Registered number: 06644968)

Statement of Financial Position - continued
31 March 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:




N James - Director



R S James - Director


Panthera Security Limited (Registered number: 06644968)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Panthera Security 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 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.

Going concern
The preparation of the financial statements requires the directors to make an assessment of the entity's ability to continue as a going concern. The directors have reviewed this and consider it appropriate to prepare the financial statements on a going concern basis.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% per annum on cost and 20% per annum on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Panthera Security Limited (Registered number: 06644968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 April 2023 407,836
Additions 221,408
At 31 March 2024 629,244
DEPRECIATION
At 1 April 2023 188,014
Charge for year 167,669
At 31 March 2024 355,683
NET BOOK VALUE
At 31 March 2024 273,561
At 31 March 2023 219,822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 122,166 146,300
Amounts owed by group undertakings 13,257 8,371
Other debtors 6,674 6,725
Corporation tax 7,195 -
Social security and other taxes 764 378
Prepayments and accrued income 690 -
150,746 161,774

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 24,288 41,918
Corporation tax - 16,334
Other creditors 2,677 1,837
Accruals and deferred income 16,774 -
43,739 60,089

7. SECURED DEBTS

HSBC Bank plc hold a debenture dated 6 August 2020 securing all present and future liabilities to the bank by way of a fixed and floating charge over all of the assets of the company.

Panthera Security Limited (Registered number: 06644968)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 65,626 39,204

Deferred
tax
£   
Balance at 1 April 2023 39,204
Charge to Statement of Comprehensive Income during year 26,422
Balance at 31 March 2024 65,626

9. RELATED PARTY DISCLOSURES

The company is a subsidiary of Panthera Group Holdings Limited. Mr N James and Mr R James, who are directors of the company, are also directors of Panthera Group Limited, which is a fellow subsidiary of Panthera Group Holdings Limited.

During the period under review the company paid management charges to Panthera Group Limited of £389,257 (2023 - £281,919).

At the balance sheet date, the amounts outstanding were as follows:

2024 2023
Due from Due to Due from Due to
£ £ £ £

Panthera Group Holdings Limited 9,100 - 3,100 -
Panthera Group Limited 4,157 - 5,271 -
13,257 - 8,371 -

10. ULTIMATE CONTROLLING PARTY

The company is a wholly-owned subsidiary of Panthera Group Holdings Limited, which is controlled by the directors. Panthera Group Holdings Limited's registered office address is Second Floor, Curzon House, 24 High Street, Banstead, Surrey, England, SM7 2LJ.