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REGISTERED NUMBER: 05332880 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Panthera Group Limited

Panthera Group Limited (Registered number: 05332880)






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 Group 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: 05332880 (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 Group 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 Group 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 Group Limited, as a body, in accordance with the terms of our engagement letter dated 9 March 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Panthera Group Limited and state those matters that we have agreed to state to the Board of Directors of Panthera Group 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 Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Panthera Group 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 profit of Panthera Group Limited. You consider that Panthera Group 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 Group 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 Group Limited (Registered number: 05332880)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,388 -
Tangible assets 5 514,845 584,515
540,233 584,515

CURRENT ASSETS
Inventories 1,102,342 781,565
Debtors 6 2,211,245 2,449,728
Cash at bank and in hand 1,111 10,544
3,314,698 3,241,837
CREDITORS
Amounts falling due within one year 7 1,502,079 1,264,030
NET CURRENT ASSETS 1,812,619 1,977,807
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,352,852

2,562,322

CREDITORS
Amounts falling due after more than one
year

8

(760,429

)

(800,969

)

PROVISIONS FOR LIABILITIES 11 (128,711 ) (111,058 )
NET ASSETS 1,463,712 1,650,295

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Retained earnings 1,463,512 1,650,095
SHAREHOLDERS' FUNDS 1,463,712 1,650,295

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 Group Limited (Registered number: 05332880)

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 Group Limited (Registered number: 05332880)

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

1. STATUTORY INFORMATION

Panthera 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised in the current year.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% per annum on reducing balance
Fixtures and fittings - 25% per annum on reducing balance
Motor vehicles - 25% per annum on reducing balance
Computer equipment - 33.3% 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 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 statement of financial position date.


Panthera Group Limited (Registered number: 05332880)

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

2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 26,881
At 31 March 2024 26,881
AMORTISATION
Charge for year 1,493
At 31 March 2024 1,493
NET BOOK VALUE
At 31 March 2024 25,388

Panthera Group Limited (Registered number: 05332880)

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

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 699,420 53,059 433,379 35,597 1,221,455
Additions 57,040 145 63,000 1,536 121,721
Disposals (2,159 ) - - - (2,159 )
At 31 March 2024 754,301 53,204 496,379 37,133 1,341,017
DEPRECIATION
At 1 April 2023 419,471 30,081 159,913 27,475 636,940
Charge for year 97,079 5,771 83,088 4,481 190,419
Eliminated on disposal (1,187 ) - - - (1,187 )
At 31 March 2024 515,363 35,852 243,001 31,956 826,172
NET BOOK VALUE
At 31 March 2024 238,938 17,352 253,378 5,177 514,845
At 31 March 2023 279,949 22,978 273,466 8,122 584,515

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 183,903 378,893
Amounts owed by group undertakings 670,641 676,323
Other debtors 8,640 6,376
Social security and other taxes 37,805 47,194
Accrued income 1,182,887 1,212,798
Prepayments 127,369 128,144
2,211,245 2,449,728

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 740,630 539,823
Hire purchase contracts (see note 9) 108,318 99,797
Trade creditors 438,289 507,052
Amounts owed to group undertakings 4,157 5,271
Corporation tax - 46,908
Social security and other taxes 100,463 35,273
Other creditors 12,576 4,982
Directors' current accounts 61,000 -
Accruals and deferred income 36,646 24,924
1,502,079 1,264,030

Panthera Group Limited (Registered number: 05332880)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 326,809 243,941
Bank loans - 2-5 years 289,797 359,934
Hire purchase contracts (see note 9) 132,573 185,844
Other creditors 11,250 11,250
760,429 800,969

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 108,318 99,797
Between one and five years 132,573 185,844
240,891 285,641

Non-cancellable operating leases
2024 2023
£    £   
Within one year 136,800 81,800
Between one and five years 289,175 194,975
425,975 276,775

10. SECURED DEBTS

HSBC Bank plc hold a debenture dated 12 February 2008 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.

The director, Mr N James, has provided personal guarantees of £55,000 for the Business Interruption Loan and £300,000 for the overdraft and credit card facility from HSBC Bank plc.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 128,711 111,058

Panthera Group Limited (Registered number: 05332880)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 111,058
Charge to Income Statement during year 17,653
Balance at 31 March 2024 128,711

12. 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 and of Panthera Group Holdings Limited, are also directors of Panthera Security Limited, which is a fellow subsidiary of Panthera Group Holdings Limited.

During the year the company paid dividends of £208,783 (2023: £252,411) to Panthera Group Holdings Limited and received management charge income of £389,257 (2023: £281,919) from Panthera Security Limited.

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 670,641 - 676,323 -
Panthera Security Limited - 4,157 - 5,271
670,641 4,157 676,323 5,271

13. 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.