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Registered number: 06636570









PANTHER MARKETING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2023

 
PANTHER MARKETING LIMITED
REGISTERED NUMBER: 06636570

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2023


2023

2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
102,052
102,052

  
102,052
102,052

Current assets
  

Debtors: amounts falling due within one year
 5 
183,120
237,920

Cash at bank and in hand
 6 
-
444

  
183,120
238,364

Creditors: amounts falling due within one year
 7 
(247,934)
(297,827)

Net current liabilities
  
 
 
(64,814)
 
 
(59,463)

Total assets less current liabilities
  
37,238
42,589

Creditors: amounts falling due after more than one year
 8 
(262,354)
(262,354)

  

Net liabilities
  
(225,116)
(219,765)


Capital and reserves
  

Called up share capital 
 9 
102,100
102,100

Share premium account
  
99,980
99,980

Profit and loss account
  
(427,196)
(421,845)

  
(225,116)
(219,765)


Page 1

 
PANTHER MARKETING LIMITED
REGISTERED NUMBER: 06636570
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2024.




P A Solari
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PANTHER MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Panther Marketing Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, England, UB8 2FX.
The company specialises in providing consultancy services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, notwithstanding the net liabilites of £225,116 (2022 - £219,765) which the director believes to be appropriate for the following reason. The company has the support of its majority shareholder for the foreseeable future to enable the company's liabilities to be met as they fall due, and specifically for a period of not less than 12 months from the date of signing of these financial statements. On this basis, the director believes that the preparation of the accounts on a going concern basis is appropriate. 

  
2.3

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption from preparing consolidated accounts.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Provision of services
Revenue is recognised at the point at which the services are provided.

 
2.5

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
PANTHER MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
PANTHER MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost and net book value


At 1 November 2022
102,052



At 31 October 2023
102,052


5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
182,992
237,792

Other debtors
128
128

183,120
237,920



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
-
444

Less: bank overdrafts
(4)
-

(4)
444


Page 5

 
PANTHER MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
4
-

Trade creditors
18,585
12,800

Corporation tax
41,243
40,958

Other taxation and social security
38,102
94,069

Other creditors
150,000
150,000

247,934
297,827



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
262,354
262,354

262,354
262,354



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



 Ordinary shares of £1 each
-
102,100
 Ordinary A shares of £1 each
96,995
-
 Ordinary B shares of £1 each
5,105
-

102,100

102,100

On 21 September 2023, 102,100 Ordinary £1 shares were re-designated as 96,995 Ordinary A £1 shares and 5,105 Ordinary B £1 shares.
The holdings of the Ordinary A £1 shares shall be entitled to all profits and distributions from the Company's shareholding in Concept Patisserie Limited and any other assets and income derived from such shareholding but in addition shall have attributed to them all other assets and liabilities of the company  pro rata with the B shares.The declaration of a dividend in respect of one class of share shall not compel a dividend at the same rate to be declared in respect of any other class of share.


Page 6

 
PANTHER MARKETING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

10.


Related party transactions

At the year end the company owed an amount of £262,354 (2022 - £262,354) to the director.
 
Included within creditors due within one year are amounts of £150,000 (2022 - £150,000) owed to companies controlled by the director.
 
Included within debtors are amounts of £100 (2022 - £100) owed from a company controlled by director.
 
At the year end the company was owed £182,992 (2022 - £237,792) from the two subsidiary undertakings.


11.


Post balance sheet events

There are no subsequent events that require disclosure or adjustment to the financial statements.


12.


Controlling party

The ultimate controlling party of the company is P A Solari, a director, by virtue of his shareholding.

Page 7