REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st March 2024 |
for |
PANTHERA PRIVATE OFFICE LLP |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
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 | ( |
) | ( |
) |
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 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. |
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 |
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 |
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 |
Short leasehold | - |
Improvements to property | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
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 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
5. | FIXED ASSET INVESTMENTS |
Loans to |
group |
undertakings |
£ |
At 1st April 2023 |
and 31st March 2024 |
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 |
Amounts owed by associates |
Prepayments |
Accrued income |
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 |
Trade creditors |
VAT | 40,513 | 27,462 |
Other creditors |
Deferred income |
Accrued expenses |
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. |
Office: Croydon - TC SWP |
3rd Floor, Suffolk House |
George Street |
Croydon |
CR0 0YN |