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REGISTERED NUMBER: OC343083 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31st March 2024

for

PANTHERA PRIVATE OFFICE LLP

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 8

PANTHERA PRIVATE OFFICE LLP

General Information
for the year ended 31st March 2024







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: TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Statement of Financial Position
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 58,041 27,932
Investments 5 2,254 2,254
60,295 30,186

CURRENT ASSETS
Debtors 6 222,596 308,641
Cash at bank 115,987 165,104
338,583 473,745
CREDITORS
Amounts falling due within one year 7 258,724 322,378
NET CURRENT ASSETS 79,859 151,367
TOTAL ASSETS LESS CURRENT LIABILITIES 140,154 181,553

PROVISIONS FOR LIABILITIES 20,000 20,000
NET ASSETS ATTRIBUTABLE TO MEMBERS 120,154 161,553

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

1,603,799

1,273,238

MEMBERS' OTHER INTERESTS
Capital accounts 41,000 41,000
Other reserves (1,524,645 ) (1,152,685 )
120,154 161,553

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 1,603,799 1,273,238
Members' other interests (1,483,645 ) (1,111,685 )
120,154 161,553

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Statement of Financial Position - continued
31st March 2024


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 2024.

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 8th November 2024 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 2024

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.

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

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.


PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. ACCOUNTING POLICIES - continued
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 13 (2023 - 9 ) .

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 15,588 189,911 74,681 23,529 303,709
Additions - - - 37,474 37,474
At 31st March 2024 15,588 189,911 74,681 61,003 341,183
DEPRECIATION
At 1st April 2023 13,800 163,767 74,681 23,529 275,777
Charge for year 405 5,919 - 1,041 7,365
At 31st March 2024 14,205 169,686 74,681 24,570 283,142
NET BOOK VALUE
At 31st March 2024 1,383 20,225 - 36,433 58,041
At 31st March 2023 1,788 26,144 - - 27,932

5. FIXED ASSET INVESTMENTS
Loans to
group
undertakings
£   
At 1st April 2023
and 31st March 2024 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
2024 2023
£    £   
Trade debtors 102,927 181,152
Amounts owed by associates - 53,258
Prepayments 34,663 23,663
Accrued income 85,006 50,568
222,596 308,641

PANTHERA PRIVATE OFFICE LLP (REGISTERED NUMBER: OC343083)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 28,093 84,192
Trade creditors 66,372 78,747
VAT 40,513 27,462
Other creditors 25,433 70,867
Deferred income 19,583 17,500
Accrued expenses 78,730 43,610
258,724 322,378

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.

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.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the LLP for the year ended 31st March 2024.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the LLP keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the LLP is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the designated members for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.






TC Group
Office: Croydon - TC SWP
3rd Floor, Suffolk House
George Street
Croydon
CR0 0YN


8th November 2024